To take into consideration demand uncertainty in reorder point (R) calculations, what do
we add to the product of the average daily demand and lead time in days when
calculating the value of R?A. The product of average daily demand times a standard
deviation of lead time
B. A z value times the lead time in days
C. The standard deviation of vendor lead time times the standard deviation of demand
D. The product of lead time in days times the standard deviation of lead time
E. The product of the standard deviation of demand variability and a z score relating to
a specific service probability
For example, suppose we computed the standard deviation of demand to be 10 units per
day. If our lead time to get an order is 5 days, the standard deviation for the 5-day
period, assuming each day can be considered independent, is (Equation 20.8) and
multiplied by the z-score (Equation 20.9).
You are looking at a chart that has the terms BCWS, BCWP, and AC indicating lines on
the chart. What kind of chart are you looking at?
A. Gantt chart
B. PERT chart