Question $2(1$ point$)$

$$

Saved

Service level is the complement of the probability of a stockout.

Question $2$ options:

TrueFalse

Question $3(1$ point$)$

$$

Saved

If daily demand is constant at $10$ units per day, and lead time averages $12$ days with a standard deviation of $3$ days, $95$ percent service requires a safety stock of approximately

Question $3$ options:

$28$ units

$30$ units

$49$ units

$59$ units

$114$ units

Question $4(1$ point$)$

$$

Saved

The assumptions of the production order quantity model are met in a situation where annual demand is $3650$ units, setup cost is $$50,$ holding cost is $$12$ per unit per year, the daily demand rate is $10$ and the daily production rate is $100.$ The production order quantity for this problem is approximately

Question $4$ options:

$139$

$174$

$184$

$365$

$548$