Compute the reorder point when weekly demand is 100 units, lead time is 2 weeks, the desired service level is 98% (which corresponds to 2.06 standard deviations from the mean) and the standard deviation of demand during lead time is 30 units.
The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four (4) days. Assume 365 days in a year.
A) 125 units
B) 262 units
C) 75 units
D) 187 units
B) 262 units
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Which of the following technologies allocates redundant on multiple hard drives for the purpose of backing up information?
A. RAID B. COM C. C.O.L.D. D. RAM
In contrast to tools such as advertising and sales promotion, personal selling is often a much more effective tool
A. in complex purchase situations. B. in impulse buying situations. C. for buyers that have thoroughly researched the product. D. for routine purchase situations. E. for buyers engaging in repeat purchases.
As the uncertainty of supply or demand ________, the required level of safety inventories ________
A) grows, increases B) increases, decreases C) decreases, grows D) decreases, increases
If the data distribution is symmetric, the skewness is a. 0
b. .5. c. 1. d. positive.