If It Takes a Supplier 2 Days to Deliver an Order

question 59

Multiple Choice

If it takes a supplier 2 days to deliver an order once it has been placed and the daily demand for 3 days has been 120, 124, and 125, which of the following is the standard deviation of usage during lead time?

• A) About 2.16
• B) About 3.06
• C) About 4.66
• D) About 5.34
• E) About 9.30

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Definitions:

Self-Actualization Needs

Self-actualization needs represent the highest level in Maslow's hierarchy of needs, referring to the fulfillment of personal potential and self-development pursuits.

Maslow Hierarchy

A theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Maslow Hierarchy

A theory in psychology proposing that people are motivated by five basic categories of needs: physiological, safety, love, esteem, and self-actualization.

Level Of Needs

Refers to the hierarchy of human needs ranging from basic physiological ones to self-fulfillment, as per Abraham Maslow's theory.