OPERATIONS MANAGEMENT
2nd Edition
ISBN: 9781260238877
Author: CACHON
Publisher: RENT MCG
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Textbook Question
Chapter 14, Problem 1CQ
Demand in each period follows the same
- a. It equals the mean of demand over one period.
- b. It is greater than the mean of demand over one period but less than five times the mean of demand over one period.
- c. It equals five times the mean of demand over one period.
- d. It is even more than five times the mean of demand over one period.
Expert Solution & Answer
Summary Introduction
To identify: The statement that is true regarding the mean demand over five periods.
Explanation of Solution
Correct option: (c)
Correct answer:
It equals five times the mean of demand over one period.
Justification:
The demand follows the same normal distribution over the five periods. It is also assumed that the demand is independent across the periods. The mean of demand across multiple periods will be equal to the sum of the means of the demand of the individual periods. All the periods will have the same mean demand. Therefore, the demand over 5 periods will be equal to 5 times the demand in a single period.
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Chapter 14 Solutions
OPERATIONS MANAGEMENT
Ch. 14 - Demand in each period follows the same normal...Ch. 14 - Prob. 2CQCh. 14 - For products with slow-moving demandfor example,...Ch. 14 - Prob. 4CQCh. 14 - Prob. 5CQCh. 14 - Prob. 6CQCh. 14 - Prob. 7CQCh. 14 - Prob. 8CQCh. 14 - If the target in-stock probability increases, then...Ch. 14 - Prob. 10CQ
Ch. 14 - Prob. 11CQCh. 14 - Prob. 12CQCh. 14 - Prob. 13CQCh. 14 - Prob. 14CQCh. 14 - Prob. 15CQCh. 14 - Prob. 16CQCh. 14 - Prob. 17CQCh. 14 - Prob. 18CQCh. 14 - Prob. 19CQCh. 14 - Prob. 1PACh. 14 - Prob. 2PACh. 14 - Prob. 3PACh. 14 - Prob. 4PACh. 14 - You are the owner of Hotspices.com, an online...Ch. 14 - Prob. 6PACh. 14 - Prob. 7PACh. 14 - Prob. 8PACh. 14 - Prob. 9PACh. 14 - Prob. 10PACh. 14 - Prob. 11PACh. 14 - Prob. 1CCh. 14 - Prob. 2CCh. 14 - Prob. 3CCh. 14 - CASE WARKWORTH FURNITURE1 Warkworth Furniture...Ch. 14 - CASE WARKWORTH FURNITURE1 Warkworth Furniture...
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