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. Average daily demand Standard deviation of demand Desired service probability Hamburger inventory 600 100 99% 800 Determine the number of hamburgers UAHH should order for the above conditions. Note: Use Excel's NORM.S.INV() function to find the z value. Round z value to 3 decimal places and final answer to the nearest whole number. Number of hamburgers
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. Average daily demand Standard deviation of demand Desired service probability Hamburger inventory 600 100 99% 800 Determine the number of hamburgers UAHH should order for the above conditions. Note: Use Excel's NORM.S.INV() function to find the z value. Round z value to 3 decimal places and final answer to the nearest whole number. Number of hamburgers
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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