Question: a. Consider the problem of ordering inventory for a perishable or seasonal product that needs the employment of a single period inventory model. The make
a. Consider the problem of ordering inventory for a perishable or seasonal product that needs the employment of a single period inventory model. The make it simple for you, Cu is $ 11 and Co is $ 1.4300000000000002. The demand for the product is normally distributed with a mean 45 and standard deviation of 9.
The optimal order quantity is = _____ units (round your snwer to the nearest integer)
b. A manufacturing company operates at 2.7 sigma-rating; its process capability ratio, Cp = ______ (Round your answer to TWO places of decimal. And in case any data in the question appears with trailing decimals, round the data value to one place of decimal)
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