A warehouse manager needs to simulate the demand placed on a product that does not fit standard models. The concept being measured is "demand during lead time," where both lead time and daily demand are variable
The historical record for this product suggests the following probability distribution. Convert this distribution into random number intervals.
Demand during lead time Probability
100 .02
120 .15
140 .25
160 .15
180 .13
200 .30
Demand during lead time Probability Cumulative probability Random number intervals
100 .02 .02 01-02
120 .15 .17 03-17
140 .25 .42 18-42
160 .15 .57 43-57
180 .13 .70 58-70
200 .30 1.00 71-00
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The three criteria that determine whether a brand association can truly function as a point-of-difference are ________
A) comparability, authenticity, deliverability B) desirability, peculiarity, deliverability C) deviance, peculiarity, deformity D) desirability, deliverability, differentiability E) differentiability, authenticity, desirability
On September 1, Kennedy Company loaned $115,000, at 12% annual interest, to a customer. Interest and principal will be collected when the loan matures one year from the issue date. Assuming adjustments are only made at year-end, what is the adjusting entry for accruing interest that Kennedy would need to make on December 31, the calendar year-end?
A. Debit Interest Expense, $13,800; credit Interest Payable, $13,800 B. Debit Cash, $4600; credit Interest Revenue, $4600. C. Debit Interest Expense, $4600; credit Interest Payable, $4600 D. Debit Interest Receivable, $13,800; credit Cash, $13,800 E. Debit Interest Receivable, 4600; credit Interest Revenue, $4600.
Which of the following is the most serious disadvantage of guest co-production for the organization?
a. It increases legal risk. b. It increases training costs. c. It requires changes in the service environment. d. It requires changes in the delivery system.
A table saw has a mean time between failures of 313 hr and mean time to repair of 2 hr. In this case, the availability is ______.
A. 95.1% B. 99.4% C. 81.7% D. 97.8%