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Bumek [7]
3 years ago
6

Average daily demand is 50 units and the standard deviation is 5 units. Lead time is 2 days and the service level is 95%. A peri

odic review system is used where the time between orders is 7 days. What should the target level be set at
Business
1 answer:
Elis [28]3 years ago
7 0

Answer:

475

Explanation:

The computation of the target level that should be set is given below:

= demand per day × (lead time + review period)+ safety stock

where

safety stock is

= z value at service level × standard deviation × √(review period + lead time)

= 1.64 × 5 × √(7 + 2)

= 24.67

Now the target level should be

= 50 × (7 + 2) + 24.67

= 474.67

= 475

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Answer:

$0.35

Explanation:

The computation of the price elasticity of demand using mid point formula is shown below:

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Companies create a division of labor among employees in order to allow each employee to perform one task at a high level

<h3>What is division of labor?</h3>

It involves Sharing of duties or job among individuals or employee.

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3 0
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You are going to make an investment of $1000, and are considering 2 options: Option one is a zero-coupon 5-year bond of a compan
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Answer:

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b. What is its effective annual return?

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Answer:

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