Question
Simulate the following inventory replenishment problem for 20 weeks. You will have to use the Excel program to simulate. Demand is uniformly distributed between 20
Simulate the following inventory replenishment problem for 20 weeks. You will have to use the Excel program to simulate. Demand is uniformly distributed between 20 and 30 units. Additional Data are given below.
Inventory Cost/Week = $ 1.00
Shortage Cost/Week = $ 2.00
Lead Time = 2 weeks
Beginning Stock on Hand (SOH) = 0
Supply in Week 1 = 21 units
Supply in Week 2 = 22 units
If the order size is equal to the demand in every week, how many units are delivered in week 10?
The demand for the next 20 weeks is given below.
Week | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
Demand | 21 | 22 | 30 | 21 | 27 | 28 | 23 | 29 | 21 | 25 |
Week | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
Demand | 22 | 28 | 28 | 29 | 27 | 26 | 24 | 27 | 23 | 21 |
Group of answer choices
20
24
29
30
None of the above
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