Using the Cut-And-Try Method for Aggregate Operations Planning, We Can

question 4

Multiple Choice

Using the cut-and-try method for aggregate operations planning, we can calculate the ending inventory and then calculate the safety stock as a percent of forecast demand. Suppose that the beginning inventory is 300, the production requirement in units of product is 1,350, and demand forecast is 1,500. What is the ending inventory and percent safety stock?

• A) 200 and 10%
• B) 150 and 10%
• C) 300 and 20%
• D) 450 and 30%
• E) 150 and 20%

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Definitions:

HIV

Human Immunodeficiency Virus, a virus that attacks the immune system and can lead to Acquired Immunodeficiency Syndrome (AIDS) if not treated.

Density Curve

A smooth curve used in statistics to describe the distribution of data where the area under the curve corresponds to the probability of occurrences within a range.

Continuous Random Variables

Variables that can assume an infinite number of values within a given range.

Independent Events

Two or more events that have no influence on each other's occurrence, so that the probability of one event does not change the probability of another.