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Suppose you are the retailer in the bear game. Your client is the customer, and your supplier is the wholesaler. At each week, you need
Suppose you are the retailer in the bear game. Your client is the customer, and your supplier is the wholesaler. At each week, you need to place an order to your supplier, and fulfill the customer demand. The lead time is weeks.
You fully trust your demand forecasting model and use the forecasted demand to manage the inventory. For each unit of overstocked product, the hold cost is $; while the unit cost of the backlogging order is $ Suppose the inventory maintained at the wholesaler side is always enough to fulfill your order.
The demand forecasting model is given below:
Week Forecasted Demand
i What will be the optimal order quantity placed at week if you trust the forecasted demand?
points
abcde
ii Suppose you received units of product at week and you also received units of product at week Your starting cost is Evaluate the total cost $ at the end of Week incurred by your inventory control solution in part i given the below true demand table. points
Week True Demand
abcdeProblem pts
Suppose you are the retailer in the bear game. Your client is the customer, and your supplier is the
wholesaler. At each week, you need to place an order to your supplier, and fulfill the customer demand.
The lead time is weeks.
You fully trust your demand forecasting model and use the forecasted demand to manage the inventory.
For each unit of overstocked product, the hold cost is $; while the unit cost of the backlogging order
is $ Suppose the inventory maintained at the wholesaler side is always enough to fulfill your order.
The demand forecasting model is given below:
i What will be the optimal order quantity placed at week if you trust the forecasted demand?
points
a
b
c
d
e
ii Suppose you received units of product at week and you also received units of product at week
Your starting cost is Evaluate the total cost $ at the end of Week incurred by your inventory
control solution in part i given the below true demand table. points
a
b
c
d
e
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