Mack, Jason, and Yuri invested a total of $14,500 in the stock market. After one year, they earned a profit equal to 1/5 of thei
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Answer:
a
b
Step-by-step explanation:
From the question we are told that
The daily demand is
The standard deviation is
The service probability is
The number of chips in the inventory is
The number of days in his monthly is
The lead time is
Generally the number he should order (optimal order ) is mathematically represented as
Here is the monthly standard deviation which is mathematically evaluated as
=>
=>
Also z-value for the 95% service probability from the z-table is 1.96
So
=>
For the maximum order quantity k = 0
So
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=>