12 Jane's Auto World has a policy of placing an order for 27 of the most popular...
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12 Jane's Auto World has a policy of placing an order for 27 of the most popular model whenever inventory reaches 20. Lead time on delivery is two weeks, and 25 automobiles are currently on hand. Simulate 15 weeks' worth of sales using the following probabilities that were derived from historical information:
Use the following random numbers for sales: 23, 59, 82, 83, 61, 00, 48, 33, 06, 32, 82, 51, 54, 66, 55. Does this policy appear to be appropriate? Explain.
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Related Book For
Operations Management For Competitive Advantage
ISBN: 1572
11th Edition
Authors: Richard B. Chase, F. Robert Jacobs
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