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The demand for a certain product is show below. The lead time is 3 days and the order quantity is 40 units. At the start
The demand for a certain product is show below. The lead time is 3 days and the order quantity is 40 units. At the start of the day 1 the inventory on hand is 100 units. The demand shown occur during the day. Restocking orders are placed at the end of the day after the business closes. Incoming shipments are received during the day on the 4th day (after the order is placed, i.e. 3 days lead time). The reorder point is 70. Day Demand Inventory at start of day 1 15 100 2 10 3 15 4 10 5 15 6 10 7 5 Restocking orders will have to be placed on day and day
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