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

question 46

Multiple Choice

Using the fixed-time period inventory model and given an average daily demand of 15 units,3 days between inventory reviews,1 day for lead time,30 units of inventory on hand,a service probability of 98 percent and a standard deviation of daily demand is 3 units,which of the following is the order quantity?

• A)About 30.4
• B)About 42.3
• C)About 53.7
• D)About 56.8
• E)About 59.8

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Definitions:

Descendent Class

A class in object-oriented programming that inherits properties and methods from one or more base classes, also known as a subclass.

Final Method

A final method in Java is a method that cannot be overridden by subclasses, ensuring consistent behavior across different implementations of a class hierarchy.

Compiler Uses

Processes involving the translation of code written in a high-level programming language to a lower-level language, often machine code, so it can be executed by a computer.

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The process of linking a function call to the actual code to be executed, done at compile time.