A Distribution of Lead Times in an Inventory Problem Indicates

question 27

Multiple Choice

A distribution of lead times in an inventory problem indicates that lead time was 1 day 20 percent of the time, 2 days 30 percent of the time, 3 days 30 percent of the time, and. 4 days 20 percent 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) none of these

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Definitions:

Doukhobors

A spiritual Christian group of Russian origin known for their pacifism and communal living practices.

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A term often used to describe a dominant religious organization that is recognized as the national or state religion.

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A major denomination of Christianity, led by the Pope, with doctrines and practices based on the Bible and Roman Catholic tradition.

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A major world religion originating on the Indian subcontinent, characterized by a diverse array of beliefs, practices, and sects.