Which One of the Following Is Implied by a Lead

question 51

Multiple Choice

Which one of the following is implied by a lead time service level of 95 percent?

• A) Approximately 95 percent of demand during lead time will be satisfied.
• B) Approximately 95 percent of inventory will be used during lead time.
• C) The probability is .95 that demand during lead time will exactly equal the amount on hand at the beginning of lead time.
• D) The probability is .95 that demand during lead time will not exceed the amount on hand at the beginning of lead time.
• E) The probability is .95 that the order will arrive after the on-hand inventory is exhausted.

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Definitions:

Practical

Related to the actual experience or use of knowledge in real-world situations, emphasizing effective action or application rather than theory.

Abstractly

Thinking in a way that is not concrete or specific, involving concepts and ideas rather than physical examples.

Formal Logic

The study of the principles of valid inference and correct reasoning, often through the use of symbolic notations.

Responsible Stage

A phase of development or a behavioral standard where individuals are expected to show accountability and make decisions based on ethical considerations and societal norms.