A Distribution of Lead Times in an Inventory Problem Indicates

question 5

Multiple Choice

A distribution of lead times in an inventory problem indicates that lead time was 1 day 20 percent of the time,2 days 30 percent of the time,3 days 30 percent of the time,and 4 days 20 percent of the time.This distribution has been prepared for Monte Carlo analysis.The first four random numbers drawn are 06,63,57,and 02.What is the average lead time of this simulation?

• A)1.75 days
• B)2 days
• C)3 days
• D)3.5 days
• E)8 days

---

Definitions:

Form

A structured document with spaces in which to write or select, for a series of documents with similar contents.

Channel

The medium through which a message is transmitted from sender to receiver, such as spoken word, writing, or digital communication.

Outperform

To do better than others or exceed expectations in a particular task or performance metric.

Mobile Communication

The transmission of information over a distance without the need for wires, cables, or fixed installations, typically through mobile devices.