The Daily Sales of a Peanut Butter at Power's Grocery

question 49

Short Answer

The daily sales of a peanut butter at Power's Grocery are normally distributed, with a mean of 12 jars and a standard deviation of 4. The manager checks the inventories on shelves and places an order every three days. Delivery lead time is two days.
-The daily demand for a product is normally distributed with a mean of 80 and a standard deviation of 8. Constant lead time is 4 days. The cost of placing an order is $20. The item costs $8 and the carrying rate per year is 10% of the item cost. Determine the economic order quantity for a 365-day year.

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Definitions:

Single Axle Truck

A type of truck or vehicle with only one rear axle, often used for smaller or medium-sized loads.

Tie-rod End Ball Socket

A pivotal connection point in a vehicle's steering system enabling the wheels to turn.

Pickle Fork

A tool used for separating the ball joint from the spindle, often utilized in automotive suspension systems.

Ackerman Arm

A component of steering linkage systems, it helps control wheel alignment during turns, ensuring effective steering.