When calculating a seasonal index, a season with an index of 75%means ____, and an index of 102% means_____.
A.
below average, above average.
B.
above average, below average
C.
below average, average.
D.
above average, average.
The daily demand for a product is normally distributed with amean of 100 and a standard deviation of 10. Constant lead time is 3days. The cost of placing an order is $30. The item costs $10 andthe carrying rate per year is 10% of the item cost. Determine theeconomic order quantity for a 365-day year. Basic EOQ assumptionsapply.
A.
63
B.
1480
C.
300
D.
1209
Kosta, Inc has a daily demand of 40 units. Each unit costs $10and the carrying
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