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Question
Using the fixed-time period inventory model and given an average daily demand of 200 units, 4 days between inventory reviews, 5 days for lead time, 120 units of inventory on hand, a "z" of 1.96 and a standard deviation of demand over the review and lead time of 3 units, which of the following is the order quantity?
A. About 1,086
B. About 1,686
C. About 1,806
D. About 2,206
E. About 2,686
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
B. A shortage of material at the vendor's plant causing backlogs
C. An unexpected strike at the vendor's plant
D. A lost order
E. Redundant ordering systems
Q:
Firms keep supplies of inventory for which of the following reasons?
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B. To provide a feeling of security for the workforce
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Q:
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B. Linear programming
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Q:
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A. Total costs through the entire system are minimized
B. There is a smooth flow throughout the production system
C. There is variety for the workers through the mixing of models produced
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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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A. 9.22
B. 2.33
C. 0.53
D. 2.88
E. 10.39
Q:
Which of the following is a partial measure of productivity?
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C. Output/All resources used
D. Output/Inputs
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Q:
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A. Quality
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Q:
What is sometimes humorously referred to as a "gozinto chart"?
A. Assembly drawing
B. Assembly chart
C. Process flowchart
D. Operation and route sheet
E. Organization charts
Q:
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A. Project
B. Workcenter
C. Assembly line
D. Fabrication
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Q:
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