Short Answer
The daily sales of a peanut butter at Power's Grocery are normally distributed, with a mean of 12 jars and a standard deviation of 4. The manager checks the inventories on shelves and places an order every three days. Delivery lead time is two days.
-In a noninstantaneous receipt model, daily demand is 55 units and daily production is 120 units, Co=$70 and Cc=$4 per unit/year. The production facility operates 300 days per year. What is the optimal order quantity?
Correct Answer:
Verified
Correct Answer:
Verified
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