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:

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Airway Open

Keeping the airway open refers to various techniques and medical interventions used to ensure the air passage is free of obstruction and suitable for breathing.

Air Pump

An air pump is a device used to move air either into or out of a particular space or object, commonly used for inflating tires, aquatic tanks, air mattresses, and various laboratory and industrial applications.