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UA Hamburger Hamlet (UAHH) places a daily order for its high-volume items (hambu

ID: 428200 • Letter: U

Question

UA Hamburger Hamlet (UAHH) places a daily order for its high-volume items (hamburger patties, buns, milk, and so on). UAHH counts its current inventory on hand once per day and phones in its order for delivery 24 hours later.

Determine the number of hamburgers UAHH should order for the above conditions: (Use Excel's NORMSINV() function to find the correct critical value for the given ?-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.)

Average daily demand 545 Standard deviation of demand 80 Desired service probability 99 % Hamburger inventory 900

Explanation / Answer

Answer:

Explanation:

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