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An automobile manufacturer orders a specific fastener from the same supplier every 4 weeks. Lead time is 1 week. The supply chain manager must determine how many fasteners to order. A check of stock reveals 10 boxes on hand, each containing 200 units. Daily usage of the fastener is approximately normal, with a mean of 125 units and a standard deviation of 50. The desired service level is 98%.
Questions:
A) What amount of safety stock is necessary for the fastener?
B) How many boxes (of 200 units each) should be ordered?
1 which of the following is considered an organizational blueprint which prescribes the quantity and time frame for
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Determine the economic order quantity. (Do not round intermediate calculations. Round your final answer to the nearest whole number.) Economic order quantity bags=35
Monte Hall Problem. Suppose you're on a game show, and you're given the choice of three doors: Behind one door is a car; behind the others, goats. After you pick a door, say No. 1, the host, who knows what's behind the doors, opens another door, say ..
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