Solved

Using the Fixed-Time Period Inventory Model and Given an Average

Question 69

Multiple Choice

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 30.4
B) About 42.3
C) About 53.7
D) About 56.8
E) About 59.8

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents