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

question 50

Short Answer

Using the fixed-time-period inventory model, and given an average daily demand of 300 units, 4 days between inventory reviews, 5 days for lead time, 1,200 units of inventory on hand, a z of 1.96, and a standard deviation of demand over the review and lead time of 12 units, what quantity should be ordered? ________________________.

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Definitions:

Pathophysiology

The study of the disordered physiological processes that cause, result from, or are otherwise associated with a disease or injury.

Feelings Suppression

The act of intentionally avoiding or inhibiting the expression of one's emotions or feelings.

Somatic Symptoms

Physical symptoms that are not fully explained by a general medical condition, often associated with psychological distress.

Conversion Disorder

A mental condition where a person experiences physical neurological symptoms, such as blindness or paralysis, that are not explainable by medical evaluation.