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

question 65

Multiple Choice

Using the fixed-time-period inventory model, and given an average daily demand of 200 units, 4 days between inventory reviews, 5 days for lead time, 120 units of inventory on hand, a z of 1.96, and a standard deviation of demand over the review and lead time of 3 units, which of the following is the order quantity?

• A) About 1,086
• B) About 1,686
• C) About 1,806
• D) About 2,206
• E) About 2,686

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Definitions:

Amygdala

A part of the brain's limbic system involved in emotions, fear responses, and survival instincts.

Hippocampus

A region of the brain that is crucial for memory formation, navigation, and the processing of emotional responses.

Aversive Racism

A form of racism that manifests in subtle, often unconscious discriminatory actions despite individuals' avowal of non-prejudiced views.

Institutional Racism

Discriminatory practices and policies that create and perpetuate inequalities based on race within institutions and society.