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

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter18: The Management Of Accounts Receivable And Inventories
Section: Chapter Questions
Problem 17P
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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
Transcribed Image Text: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
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