A Distribution of Lead Times in an Inventory Problem Indicates

question 2

Multiple Choice

A distribution of lead times in an inventory problem indicates that lead time was 1 day 20% of the time, 2 days 30% of the time, 3 days 30% of the time, and. 4 days 20% of the time. This distribution has been prepared for Monte Carlo analysis. The first four random numbers drawn are 06, 63, 57, and 02. The average lead time of this simulation is

• A) 1.75 days.
• B) 2 days.
• C) 3 days.
• D) 3.5 days.
• E) 4 days.

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Definitions:

Social Influence

The influence that the verbal expressions, deeds, or simply the existence of others has on our mental processes, emotions, perspectives, or actions.

Persuasion

The act or process of influencing someone's beliefs, attitudes, or behaviors through communication and reasoning.

Coping Strategies

Techniques or methods used by individuals to manage stress, challenges, or threats in their lives.

Emotion-focused Efforts

Coping strategies aimed at managing the emotional distress associated with stressful situations rather than changing the situation itself.