Question 6 (1 point) The bottleneck time is

a. the process time of the fastest workstation in a production system.

b. the time it takes a unit to go through production from start to end, including idle time.

c. the time it takes a unit to go through production from start to end, with no waiting.

d. the time of the longest path through the production system

e. the process time of the longest workstation in a production system.

Question 7 (1 point) Demand for dishwasher water pumps is 10 per day. The standard deviation of demand is 5 per day, and the order lead time is 4 days. The service level is 95%. Which one of the following statements is correct?

a. The expected demand during lead time is 50 pumps.

b. The probability of stockout risk is 2.5%.

c. The standard deviation of demand during lead time is 10 pumps.

d. The level of safety stock is 10 pumps.

e. The reorder point is 66.5 pumps.

Question 8 (1 point) In the basic economic order quantity model, if the cost of placing an order increases by 100%, and all other values remain constant, the economic order quantity will

a. increase, but more data is needed to say by how much.

b. increase by about 41%.

c. increase by 200%

d. increase by 50%

e.increase by 100%.

Question 9 (1 point) A local university's inventory decision rule states that "when the inventory level goes down to 100 boxes of copy paper, 500 boxes of copy will be ordered." Which one of the following statements is true?

a. Five hundred is the reorder point, and 100 is the order quantity.

b. One hundred is the safety stock, and 500 is the reorder point.

c. One hundred is the reorder point, and 500 is the order quantity.

d.One hundred is the daily production, and 500 is the production order quantity.

e. The number 500 is a function of demand during lead time.

A local club is selling Christmas trees and deciding how many to stock for the month of December. If demand is normally distributed with a mean of 150 and standard deviation of 25, trees have no salvage value at the end of the month, trees cost $25, and trees sell for $60. Which one of the following statements is true?

	The optimal stoking is 202.6 trees
	The service level is 58.33%
	The safety stock is 52.6 tree.
	The cost of underage is $25 per tree
	The cost of overage is $60 per tree.