Using the Fixed-Time-Period Inventory Model, and Given an Average Daily

question 65

Multiple Choice

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

Recognize the concept and computation of interest.

Understand the process of discounting and its applications in financial computations.

Differentiate between various financial tables and their applications in time value of money computations.

Calculate the present value of a single sum and annuity.

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Definitions:

Dexedrine

A brand name for dextroamphetamine, a central nervous system stimulant medication used to treat attention deficit hyperactivity disorder (ADHD) and narcolepsy.

Benzedrine

A brand name for amphetamine, which was historically used as a stimulant for various conditions but is now controlled due to potential for abuse.

Angel Dust

A street name for the drug phencyclidine (PCP), known for its hallucinogenic and dissociative properties.

PCP

Primary Care Physician; a healthcare provider who offers general medical care for various health issues and coordinates specialized care when necessary.