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inv. position (after order) Problem 1 (15 points): Suppose that a base stock policy is applied to an inventory system with lead time L =

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inv. position (after order) Problem 1 (15 points): Suppose that a base stock policy is applied to an inventory system with lead time L = 2. The optimal base stock level y* = 12. Please complete the following table (values of inventory on-hand and backlog are determined after you have used available units to serve demands): time demand inv. inv. backlog inv. position order arrived on-hand in-transit (before order) quantity 1 7 0 0 2 9 3 7 4 0 5 4 6 9 7 0 8 4 9 6 10 3 inv. position (after order) Problem 1 (15 points): Suppose that a base stock policy is applied to an inventory system with lead time L = 2. The optimal base stock level y* = 12. Please complete the following table (values of inventory on-hand and backlog are determined after you have used available units to serve demands): time demand inv. inv. backlog inv. position order arrived on-hand in-transit (before order) quantity 1 7 0 0 2 9 3 7 4 0 5 4 6 9 7 0 8 4 9 6 10 3

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