Given the following information and the demand probability table, what is the order policy for the Q-system?
The annual demand is 1800 units.The cost of placing an order is $100 while the cost of holding a unit for a year is $12.00.The cost of stocking out is $33.00.No lead time.
$$\begin{array} { | c | c | c | c | c | c | }
\hline \begin{array} { c }
\text { Daily } \
\text { Demand }
\end{array} & 0 & 4 & 6 & 8 & 10 \
\hline \text { Probability } & 0.07 & 0.45 & 0.28 & 0.15 & 0.05 \
\hline
\end{array}$$

Question

Given the following information and the demand probability table, what is the order policy for the Q-system?
The annual demand is 1800 units.The cost of placing an order is $100 while the cost of holding a unit for a year is $12.00.The cost of stocking out is $33.00.No lead time.
 $$\begin{array} { | c | c | c | c | c | c | } 
\hline \begin{array} { c } 
\text { Daily } \
\text { Demand }
\end{array} & 0 & 4 & 6 & 8 & 10 \
\hline \text { Probability } & 0.07 & 0.45 & 0.28 & 0.15 & 0.05 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Given the following information and the demand probability table, what is the order policy for the Q-system?
The annual demand is 1800 units.The cost of placing an order is $100 while the cost of holding a unit for a year is $12.00.The cost of stocking out is $33.00.No lead time.
 $$\begin{array} { | c | c | c | c | c | c | } 
\hline \begin{array} { c } 
\text { Daily } \
\text { Demand }
\end{array} & 0 & 4 & 6 & 8 & 10 \
\hline \text { Probability } & 0.07 & 0.45 & 0.28 & 0.15 & 0.05 \
\hline
\end{array}$$

Given the Following Information and the Demand Probability Table, What