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

question 62

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.
-In a noninstantaneous receipt model, daily demand is 55 units and daily production is 120 units, C_o=$70 and C_c=$4 per unit/year. The production facility operates 300 days per year. What is the optimal order quantity?

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Definitions:

CLX Timer Instruction

A specific command used in Rockwell Automation's ControlLogix (CLX) PLC programming for setting up timers.

Predefined Structure

A pre-established framework or pattern used in programming to organize data or processes.

Data

Information that is processed or stored by a computer, which can be in the form of text, numbers, images, or other types.