Answer: 289 units
Step-by-step explanation:
Given the following :
Inventory (I) = 180
Lead time (L) = 7 days
Review time (T) = 2 weeks = 14 days
Demand (D) = 20
Standard deviation (σ) = 5
Zscore for 95% probability = 1.645
Units to be ordered :
D(T + L) + z(σT+L)
(σT+L) = √(T + L)σ²
= √(14 + 7)5²
= √(21)25
= 22.9
D(T + L) + z(σT+L) - I
20(14 + 7) + 1.645(22.9 + 7) - I
= 420 + 49.1855 - 180
= 289.1855
= 289 quantities
Step-by-step explanation:
90 nickels = 5*90=450=450/100=$4.5,
16 dimes=16*10=160=160/100=$1.6
16 quarters = 25*16=400=400/100=$4
7 fifty-cent pieces = 7*50=350=350/100=$3.5
Total dollars = 4.5+1.6+4+3.5=$13.6
Explanation : Hope it helps you Kenzee..
just correct me if I'm wrong..
