Multiple Choice
Jae's Shoes is considering a change of their current inventory control system for sneakers.The information regarding the neckties is: Demand = 1000 pairs/week; Lead time = 3 weeks; Order cost = $20/order; Holding cost = $10.00/pair/yr; Cycle service level = 95%; Standard deviation of weekly demand = 48; and Number of weeks per year = 52.To calculate the relative frequency use the following values: _____.
A) Number of Days and Standard Deviation of Weekly Demand
B) Units Sold and Demand
C) Units Sold and Number of Days
D) Lead Time and Holding Cost
Correct Answer:
Verified
Correct Answer:
Verified
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