Demand for Ice Cream at the Ouachita Dairy Can Be

question 73

Essay

Demand for ice cream at the Ouachita Dairy can be approximated by a normal distribution with a mean of 47 gallons per day and a standard deviation of 8 gallons per day.The new management desires a service level of 95%.Lead time is four days;the dairy is open seven days a week.What reorder point would be consistent with the desired service level?

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Definitions:

George Berkeley

George Berkeley was an Irish philosopher in the 18th century, best known for his theory of immaterialism, arguing that physical objects do not exist independently of the mind that perceives them.

Empiricism

A philosophical standpoint emphasizing that knowledge comes primarily from sensory experience and evidence gathered through experimentation.

Innate Categories

refer to the basic, naturally occurring classifications that the human mind is believed to automatically and instinctively recognize and sort information into.

Taste Buds

Sensory organs located on the tongue, allowing for the perception of different tastes such as sweet, sour, bitter, and salty.