19. In a periodic inventory system a. time between orders is constant and order

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19. In a periodic inventory system a. time between orders is constant and order size varies b. time between orders varies and order size is constant c. time between orders varies and order size varies d. time between orders is constant and order size is constant 20. A store has annual average daily demand rate of 16 units with a standard deviation of 2 units, and the time between orders is 90 days and the lead time for it to receive an order from its supplier is 20 days, if the supplier visits the store and there are 6 units of inventory in stock, the store’s safety stock for a 95% service level is approximately a. 36.2 b. 43.8 c. 16.2 d. 28.6 21. A store has annual average daily demand rate of 16 units with a standard deviation of 2 units, and the time between orders is 90 days and the lead time for it to receive an order from its supplier is 20 days, if the supplier visits the store and there are 6 units of inventory in stock, the store’s order size for a 95% service level is approximately a. 3,268.6 units b. 1,488.6 units c. 1,788.6 units d. 2,346.6 units 19. In a periodic inventory system a. time between orders is constant and order size varies b. time between orders varies and order size is constant c. time between orders varies and order size varies d. time between orders is constant and order size is constant 20. A store has annual average daily demand rate of 16 units with a standard deviation of 2 units, and the time between orders is 90 days and the lead time for it to receive an order from its supplier is 20 days, if the supplier visits the store and there are 6 units of inventory in stock, the store’s safety stock for a 95% service level is approximately a. 36.2 b. 43.8 c. 16.2 d. 28.6 21. A store has annual average daily demand rate of 16 units with a standard deviation of 2 units, and the time between orders is 90 days and the lead time for it to receive an order from its supplier is 20 days, if the supplier visits the store and there are 6 units of inventory in stock, the store’s order size for a 95% service level is approximately a. 3,268.6 units b. 1,488.6 units c. 1,788.6 units d. 2,346.6 units 19. In a periodic inventory system a. time between orders is constant and order size varies b. time between orders varies and order size is constant c. time between orders varies and order size varies d. time between orders is constant and order size is constant 20. A store has annual average daily demand rate of 16 units with a standard deviation of 2 units, and the time between orders is 90 days and the lead time for it to receive an order from its supplier is 20 days, if the supplier visits the store and there are 6 units of inventory in stock, the store’s safety stock for a 95% service level is approximately a. 36.2 b. 43.8 c. 16.2 d. 28.6 21. A store has annual average daily demand rate of 16 units with a standard deviation of 2 units, and the time between orders is 90 days and the lead time for it to receive an order from its supplier is 20 days, if the supplier visits the store and there are 6 units of inventory in stock, the store’s order size for a 95% service level is approximately a. 3,268.6 units b. 1,488.6 units c. 1,788.6 units d. 2,346.6 units

Explanation / Answer

Ans:

19) Option A

time between orders is constant and order size varies

A periodic inventory system operates on time based reorder policy.Under a periodic inventory system time between orders is constant but the order size varies based on the requirement.

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