Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statement is NOT true? A . The service level is the complement of the probability of a stockout. B . Probabilistic

Which of the following statement is NOT true?
A. The service level is the complement of the probability of a stockout.
B. Probabilistic models are a real-world adjustment because demand and lead time will not always be known and constant.
C. Having certain demand raises the possibility of a stockout.
D. Probabilistic models relax the assumption that demand for a product is constant and certain.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations management

Authors: Jay Heizer, Barry Render

10th edition

978-0136119418, 136119417, 978-0132163927

More Books

Students also viewed these General Management questions