Using the fixed-time-period inventory model, and given an average daily demand of 15 units, 3 days between inventory reviews, 1 day for lead time, 30 units of inventory on hand, a service probability of 98 percent, and a standard deviation of daily demand is 3 units, which of the following is the order quantity?

A. About 36.3
B. About 56.8
C. About 42.3
D. About 59.8
E. About 30.4


Answer: C

Business

You might also like to view...

The résumé format that allows you to highlight your capabilities and education when you don't have a long work history is the

A) function résumé. B) online résumé. C) combination résumé. D) chronological résumé. E) skills résumé.

Business

According to the innovator's dilemma:

A) the computing power of a microprocessor doubles every 18 months. B) markets that don't exist can't be analyzed. C) well-managed companies that listen and respond to needs of established customers may miss opportunities to innovate. D) regulation of e-commerce activities will increase at a rate that is directly proportional to the growth of e-commerce revenues. E) innovations are copied soon after they are discovered.

Business

Of the following duties, it is most important to separate

a. warehouse from stores b. warehouse from inventory control c. accounts payable and accounts receivable d. purchasing and accounts receivable

Business

The consolidation of AB Corporation and ZX Corporation requires the affirmative majority vote of:

a. the boards of directors and shareholders of both corporations. b. the boards of directors of both corporations, but not the shareholders. c. the shareholders of both corporations, but not the boards of directors. d. the directors and shareholders of one of the corporations, but not both corporations.

Business