A Product's Usage Is Normally Distributed with a Weekly Average

question 6

Multiple Choice

A product's usage is normally distributed with a weekly average demand of 2,000 units and a weekly standard deviation of 125. The lead time for the product is 4 weeks. If the company would like to have a service level of 90% for this product then the reorder point is approximately

• A) 8,320 units.
• B) 9,218 units.
• C) 10,134 units.
• D) 11,244 units.

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Definitions:

Effective Negotiators

Individuals who are skilled in reaching agreements or resolving conflicts by finding solutions that are acceptable to all parties involved.

Concessions

Compromises made in negotiations where one party gives up certain demands or conditions to reach agreement.

Bargaining Zone Model

A concept in negotiation theory that represents the range of possible agreements between negotiating parties, where mutually beneficial outcomes can be found.

Conflict Process

A series of events and interactions that begin with the emergence of conflict and proceed through resolution or management stages.