Question

the optimal replenishment level without any safety stock is computed by ( m = d(t + l) ), where ( d = ) select and ( l = ) select . select depreciation of value product dimensions average demand per time period median shipping distance

Explanation:

In the formula \( M = d(T + L) \) for optimal replenishment level (a concept in inventory management, part of Business - Management or Operations subfield), \( d \) represents the average demand per time period. Depreciation of value is about asset value reduction, product dimensions relate to product size, and median shipping distance is about shipping, none of which fit the demand - related variable in inventory replenishment. For \( L \), though not fully shown, typically in such formulas \( L \) is lead time (time to receive replenishment), but for the \( d \) dropdown, the correct option is average demand per time period.

Answer:

For the first "Select" (for \( d \)): average demand per time period