Question: This problem is based on Periodic Order Quantity or P-model. A company orders a certain product once every week (once in 7 days). Demand for

This problem is based on Periodic Order Quantity

This problem is based on Periodic Order Quantity or P-model. A company orders a certain product once every week (once in 7 days). Demand for the product averages 20 units per day with a standard deviation of 5 units. Lead time for the product to arrive is 2 days. Management has a goal of 97.5% probability of not stocking out this product (use z=1.96 ). Assuming that we have no inventory on hand, how many products should be ordered? (round-up your answer). 10 30 210 None of the above This problem is based on Periodic Order Quantity or P-model. A company orders a certain product once every week (once in 7 days). Demand for the product averages 20 units per day with a standard deviation of 5 units. Lead time for the product to arrive is 2 days. HumanN SuperBeets Heart Chews - Nitric... Management has a goal of 97.5% probability of not stocking out this product (use z=1.96 ) How much of it is safety stock? (round-up your answer). $3596$39.95 vprime Subscribe \& Save 20 30 210 None of the above HumanN SuperBeets Heart Chews - Nitric... $3596$39.95 prime Question 3 Subscribe \& Save This problem is based on Periodic Order Quantity or P-model. A company orders a certain product once every week (once in 7 days). HumanN SuperBeets Heart Chews - Nitric... Demand for the product averages 20 units per day with a standard deviation of 5 units. Lead time for the product to arrive is 2 days. $3596$39.95 prime Management has a goal of 97.5% probability of not stocking out this Subscribe \& Save product (use z=1.96 ). If on a particular day of placing the order, suppose the company has 180 products on stock. What should be the order size? (round-up your answer). 10 30 HumanN SuperBeets Heart Chews - Nitric... 210 $3596$39.95 prime None of the above Subscribe \& Save

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