How much safety stock of peanut butter should they have for a 99% service level?
The daily sales of a peanut butter at Power's Grocery are normally distributed, with a mean of 12 jars and a standard deviation of 4. The manager checks the inventories on shelves and places an order every three days. Delivery lead time is two days.
Answer: Z = 2.33, r = 3, and L = 2
You might also like to view...
The human resource department of Miller Memorial Hospital has played a leading role in helping the hospital become a high-performance work system. Recently, the team has been focusing on the organization's performance management. Which effort would most directly ensure that performance management supports the development of a high-performance work system?
A. developing the hospital's talent to move into positions of greater responsibility B. ensuring the confidentiality of the organization's primary objectives C. identifying and hiring people who are enthusiastic about and able to contribute to teamwork D. making sure employees know how their work contributes to the hospital's mission E. preventing organizational culture from influencing employees' behaviors
Control that is direct and authoritarian is known as which of the following?
A. simple B. complex C. referent D. loyal
The ________ is the primary enforcement agency for mass media advertising.
A. FCC B. FTC C. FDA D. USPS E. BATF
A sales and operations plan that varies both production and inventory levels is called a(n) ________ production plan
Fill in the blank(s) with the appropriate word(s).