In the simulation of an order policy for drills at Simkin's Hardware, would the results (Table 14.8)

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In the simulation of an order policy for drills at Simkin's Hardware, would the results (Table 14.8) change significantly if a longer period were simulated? Why is the 10-day simulation valid or invalid?
Table Simkin Hardware€™s First InventorySimulation

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Quantitative Analysis For Management

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11th Edition

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

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Question Posted: Oct 10, 2012 02:58 AM

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In the simulation of an order policy for drills at Simkin's Hardware, would the results (Table 14.8)

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ORDER QUANTITY 10 UNTS REORDER POINT= 5 UNITS (10) RANDOM LEAD DAY RECEIVED INVENTORY NUMBER DEMAND INVENTORY SALES ORDER? NUMBER TIME BEGINNING RANDOM 0 0 10 0 32 0 10 10 14 Total 41

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The results would very likely change and perhaps signif...View the full answer

Quantitative Analysis For Management

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