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A company maintains a stock of at least 245 units. The company like an idea of having large supply on hand so as to meet
A company maintains a stock of at least 245 units. The company like an idea of having large supply on hand so as to meet all customer demand, but it also recognizes that it is expensive to do so. They examine the sales over 100 days and note the following data: Also, historical data for the lead time (time gap between order placement and order receive) They place 300 units orders. Simulate the demand for 20 days and answer the following questions: (i) If the company maintains a constant supply of 8 units on any given day, how many times will it be out of stock during the 20-day simulation period? (ii) What is the average number of units demanded per day over the 20-day interval? A company maintains a stock of at least 245 units. The company like an idea of having large supply on hand so as to meet all customer demand, but it also recognizes that it is expensive to do so. They examine the sales over 100 days and note the following data: Also, historical data for the lead time (time gap between order placement and order receive) They place 300 units orders. Simulate the demand for 20 days and answer the following questions: (i) If the company maintains a constant supply of 8 units on any given day, how many times will it be out of stock during the 20-day simulation period? (ii) What is the average number of units demanded per day over the 20-day interval
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