Answer:
The appropriate answer will be "289 boxes".
Explanation:
The given values are:
Cost
= $6
Sales price
= $18
Salvage price
= $3.60
Average daily demand (d)
= 254 boxes
Standard deviation (
)
= 37 boxes
Now,
Overage of cost will be:
⇒ 
($)
Underage of cost will be:
⇒ 
($)
⇒ Service Level = 
On substituting the given values in the above formula, we get
= 
= 
The service level value of Z at 83% is = 0.954
⇒ Order quantity = 
= 
= 
Answer:
Substitutes
Explanation: A Substitute is a term used to describe a replacement for another,it is used to describe two or more items or materials or things that perform similar Activities and roles.
BOTH THE HUMAN WORKERS AND ROBOTS CAN BOTH BE ENGAGED TO ATTACH THE PARTS,WHICH MEANS IN THE ABSENCE OF ONE THE OTHER CAN CARRY OUT THE RESPONSIBILITY OF THAT ONE.
Answer:
10% of exam score
Explanation:
Opportunity Cost is the cost of next best alternative, foregone (sacrifised) while making a choice.
Example : If a person has option to have an apple or an orange, & choses to have apple. The opportunity cost of having an apple is the sacrifised orange.
Given : A night before mid time exam, spent while watching movies - later lead to fall in exam grade from 70 % to 60%
The opportunity cost of movies watched, is the sacrifised grade of exam, which would have gotten, if the time would have spent in studying. The corresponding grade lost = 70% grade achievable - 60% grade achieved. Hence, the opportunity cost = 10% of exam score.
Answer:
Recommendation websites
Explanation:
Recommendation websites aggregate customers' opinions related to products or services that they have purchased and then suggest them to others with the same interest.
These websites make use of customer data based on what they have purchased in the past (product or service) to present to them new/similar products.
