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Question
A company wants to determine its reorder point (R). Demand is variable and they want to build a safety stock into R. The company wants to have a service probability coverage of 95 percent. If average daily demand is 8, lead time is 3 days and the standard deviation of usage during lead time is 2, which of the following is the desired value of R?
A. About 17.9
B. About 19.7
C. About 24.0
D. About 27.3
E. About 31.2
Answer
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Related questions
Q:
When material is ordered from a vendor, which of the following is not a reason for delays in the order arriving on time?
A. Normal variation in shipping time
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C. An unexpected strike at the vendor's plant
D. A lost order
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Q:
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Q:
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Q:
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B. There is a smooth flow throughout the production system
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
What is sometimes humorously referred to as a "gozinto chart"?
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C. Process flowchart
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Q:
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Q:
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