URGENT . THANKS MUCH.
- Please Assist I Have Limited Time With This Practice Question Urgent Thanks Much 1 (21.52 KiB) Viewed 48 times
Please assist. I have limited time with this practice question . URGENT . THANKS MUCH.
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answerhappygod
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Please assist. I have limited time with this practice question . URGENT . THANKS MUCH.
Please assist. I have limited time with this practice question .
URGENT . THANKS MUCH.
Practice Question. The average daily demand for fruits from a grocery is 50 units, with a standard deviation of 5 units. The review period is 30 days and the lead time is 14 days. Management has set a policy of satisfying 95 percent of the demand from items in stock. At the beginning of the review period, there are 175 units in inventory. a) How many units of fruits should be ordered? b) A newly installed manager wants to raise the service probability requirement to 98 percent. (i) Will this result in an increase or decrease in the amount of fruits to be ordered. Give reasons for your answer.
URGENT . THANKS MUCH.
Practice Question. The average daily demand for fruits from a grocery is 50 units, with a standard deviation of 5 units. The review period is 30 days and the lead time is 14 days. Management has set a policy of satisfying 95 percent of the demand from items in stock. At the beginning of the review period, there are 175 units in inventory. a) How many units of fruits should be ordered? b) A newly installed manager wants to raise the service probability requirement to 98 percent. (i) Will this result in an increase or decrease in the amount of fruits to be ordered. Give reasons for your answer.