Change the ordering simulation in Example 12.7 so that the lead time can be 1, 2, 3,
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Change the ordering simulation in Example 12.7 so that the lead time can be 1, 2, 3, or 4 weeks with probabilities 0.5, 0.2, 0.2, and 0.1, respectively. Also, assume that based on previous orders, orders of sizes 350, 0, and 400 are scheduled to arrive at the beginnings of weeks 2, 3, and 4, respectively. Simulate the same (s, S) policies as in the example.
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Beginning of Week 1 Policy s S 150 400 In ventory 150 Order ...View the full answer
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