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Question
A specific product has demand during lead time of 100 units, with a standard deviation during lead time of 25 units. What safety stock (approximately) provides a 95% service level?
A) 41
B) 55
C) 133
D) 140
E) 165
Answer
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Related questions
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The probability of rejecting a good lot is known as consumer's risk.
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Demand for a given item is said to be dependent if:
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B) there is a deep bill of material.
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Industries in which revenue management techniques are easiest to apply are those where:
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B) use tends to be predictable, and pricing tends to be variable.
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A) higher capital cost
B) higher wage rates
C) smaller labor pool
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E) All of the above are limitations of job expansion.
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When a worker obtains clear and timely information about his/her performance, his/her job includes which of the following characteristics?
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A) estimate the trend line.
B) eliminate forecast errors.
C) measure forecast accuracy.
D) seasonally adjust the forecast.
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Q:
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A) increased quality
B) better response to customer orders
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B) there is a deep bill of material.
C) the finished products are mostly services (rather than goods).
D) there is a clearly identifiable parent.
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Q:
Weight Day
Package 1
Package 2
Package 3
Package 4 Monday
23
22
23
24 Tuesday
23
21
19
21 Wednesday
20
19
20
21 Thursday
18
19
20
19 Friday
18
20
22
20 (a) If he sets an upper control limit of 21 and a lower control limit of 19 around the target value of twenty ounces, the control chart is based on what value of z?
(b) With the UCL and LCL of part a, what do you conclude about this processis it in control?
Answer:
Q:
What is the difference between natural and assignable causes of variation?
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A) 18.18% of the throughput time
B) 100% of the throughput time
C) 550% of the throughput time
D) 50% of the throughput time
E) 1.82% of the throughput time