Q24. Which of the following is not an assumption of the basic fixed-order quantity inventory model? A. Lead time is constant B. There is no back order C. Inventory holding cost is based on average inventory D. Demand for the product is uniform throughout the period E. Ordering or setup costs varies. 225. A company has recorded the last six days of daily demand on a single product they sell. Those alues are 49, 49, 49, 49, 49 and 49. The time from when an order is placed to when it arrives at the ompany from its vendor is 6 days. Assuming the basic fixed-order quantity inventory model fits this ituation, what will be the standard deviation of demand during lead time? A. 1 B. 1.5
Q24. Which of the following is not an assumption of the basic fixed-order quantity inventory model? A. Lead time is constant B. There is no back order C. Inventory holding cost is based on average inventory D. Demand for the product is uniform throughout the period E. Ordering or setup costs varies. 225. A company has recorded the last six days of daily demand on a single product they sell. Those alues are 49, 49, 49, 49, 49 and 49. The time from when an order is placed to when it arrives at the ompany from its vendor is 6 days. Assuming the basic fixed-order quantity inventory model fits this ituation, what will be the standard deviation of demand during lead time? A. 1 B. 1.5
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:Q24. Which of the following is not an assumption of the basic fixed-order quantity inventory model?
A. Lead time is constant
B. There is no back order
C. Inventory holding cost is based on average inventory
D. Demand for the product is uniform throughout the period
E. Ordering or setup costs varies.
Q25. A company has recorded the last six days of daily demand on a single product they sell. Those
values are 49, 49, 49, 49, 49 and 49. The time from when an order is placed to when it arrives at the
company from its vendor is 6 days. Assuming the basic fixed-order quantity inventory model fits this
situation, what will be the standard deviation of demand during lead time?
A. 1
B. 1.5
C. -1
D. Zero
E. Not enough information to calculate the SD
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