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SCM 300 Chaturvedi Exam 2 Questions and Answers

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SCM 300 Chaturvedi Exam 2 Questions and Answers λ - arrival rate μ - Service rate p - system utilization Probability of exactly p customers in the system - Pn = (1 - p ) p^n

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SCM 300 Chaturvedi Exam 2 Questions and
Answers
λ - ✅✅arrival rate


μ - ✅✅Service rate


p - ✅✅system utilization


Probability of exactly p customers in the system - ✅✅Pn = (1 - p ) p^n


Functional - ✅✅Necessities.
High forecast accuracy, low variety, long life cycle, low risk of obsolescence.
ex. toothpaste


Innovative - ✅✅Not a necessity.
low forecast accuracy, high variety, short life cycle, high risk of obsolescence.
ex. designer car


Push Inventory - ✅✅FUNCTIONAL
Long lead time, minimize cost


Pull Inventory - ✅✅INNOVATIVE
short lead time, maximize responsiveness
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