Resolution to problem at conclusion of the research

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1. Think of a choice that was made recently in the heat of the battle (like a sporting game or political election debate) and identify the difference between satisfying and optimal choices (Monday morning quarterbacks always criticize based on optimal choices). Please share your thoughts.

2. You want to have a 97% chance that you do not run out of inventory while you wait for an order to come in. Demand per day is 15 units per day, with a standard deviation of 3. The lead time is 4 days. What should your reorder point be? Round to the closest integer.

3. Having a problem that needs a solution, and implementing the resolution to the problem at the conclusion of the research. Would you agree with my determination, or do you have your own ideas in regards to this topic?

Reference no: EM132159292

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