Question
This problem deals with stochastic demands in multiple periods. Here is the demand information: Day 1 2 3 4 5 6 7 8 9 Demand
This problem deals with stochastic demands in multiple periods. Here is the demand information:
Day | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
Demand | 2 | 2 | 5 | 4 | 1 | 3 | 3 | 2 | 1 |
The initial inventory is 6. The lead time is 3 days. We will receive what we ordered at the end of the day.
If we are using (s, Q) policy with s=2 and Q=5. Which of the following statement is not true?
A. | The net inventory on day 3 is -3. | |
B. | The order quantity on day 6 is 0. | |
C. | The order quantity on day 5 is 0. | |
D. | The inventory position on day 9 is 3. |
Continue on Q6, if we change the policy to (s, S) with s=3 and S=6. Which of the following statement is not true?
A. | The order quantity on day 9 is 3. | |
B. | The inventory position on day 3 is 1. | |
C. | The order quantity on day 5 is 4. | |
D. | The net inventory on day 7 is -5. |
Continue on to Q6, if we change the policy to (R, S) with R=4 and S=10. Which of the following statement is not true?
A. | The order quantity on day 4 is 10. | |
B. | The inventory position on day 5 is 9. | |
C. | The net inventory on day 7 is -14. | |
D. | The order quantity on day 9 is 0. |
Finally, if we change the policy to (R, s, S) with R=3, s=2, and S=6. Which of the following statement is not true?
A. | The net inventory on day 7 is -5. | |
B. | The order quantity on day 6 is 0. | |
C. | The order quantity on day 9 is 6. | |
D. | The inventory position on day 5 is 1. |
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