QUESTION 18 Responsive supply chains should be preferred when: a. demand is predictable b.product variety is high C. contribution margins are low d. product variety is low QUESTION 19 Continuous Review (Q) System: . Standard Deviation of demand during lead time: Odur= Jo} = of Safety Stock Safety stock = 20 Reorder Point Reorder point =R-DL + safety stock Periodic Review (P) System Standard Deviation of demand over the protection interval: Op+2 = 0, P+L Safety Stock Safety stock = 2071 Target laventory T (P+L) + safety stock for protection interval Jan Tuttle is the inventory manager of an art supply store. She is developing a plan to manage inventory for red #68 paint. The following information is provided The number of periods between orders (P) for red #68 paint is 15 workdays. Average daily demand 25 units/workday Standard deviation of daily demand 5 units/workday Lead-time 7 workdays Desired cycle-service level - 85% (z - 1.04) The art supply store is using a periodic review (P) system Calculate the Target inventory level T for red #68? In which range below does it fall? a. Less than or equal to 550 units b. Greater than 550 but less than or equal to 600 units Greater than 600 but less than or equal to 650 units d. Greater than 650 units