Company Wants to Determine Its Reorder Point (R)

question 26

Multiple Choice

company wants to determine its reorder point (R) .Demand is variable and they want to build a safety stock into R.The company wants to have a service probability coverage of 95 percent.If average daily demand is 8,lead time is 3 days,and the standard deviation of usage during lead time is 2,which of the following is the desired value of R?

• A)About 17.9
• B)About 19.7
• C)About 24.0
• D)About 27.3
• E)About 31.2

Recognize the importance of individualizing rewards and its relation to Expectancy Theory components.

Understand the diversity of psychotherapeutic approaches and their unique contributions to psychotherapy.

Recognize the role of collaborative effort and therapeutic relationship in successful psychotherapy.

Identify the primary focus and therapeutic goals of various psychotherapy theories.

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Definitions:

Forecasting

The practice of making predictions about future events based on historical and current data.

Cycle-sensitive Decisions

Decision-making that takes into account the cyclical nature of business, markets, or economic conditions, adjusting strategies accordingly.

Consensus Approach

A collaborative decision-making process where all group members agree on a specific outcome or decision.

Highly Motivated

Exhibiting a strong drive and commitment towards achieving specific goals or tasks.