Author Question: If lead time is longer than the review period, the order quantity at any review point is the amount ... (Read 65 times)

Engineer · **on:** Jun 24, 2018

If lead time is longer than the review period, the order quantity at any review point is the amount needed for the inventory on hand plus all outstanding orders to reach the replenishment level.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The random variable x is the number of occurrences of an event over an interval of ten minutes. It can be assumed that the probability of an occurrence is the same in any two-time periods of an equal length. It is known that the mean number of occurrences in ten minutes is 5.3 . The probability that there are 8 occurrences in ten minutes is
a. .0241
b. .0771
c. .1126
d. .9107