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uiz Simulation Inventory Indang Lupa Meat Products sells freshly made meat products at the wet market. As demand & delivery lead time from suppliers are
uiz Simulation Inventory Indang Lupa Meat Products sells freshly made meat products at the wet market. As demand & delivery lead time from suppliers are both erratic, the outlet has to maintain a substantial amount of inventory to ensure acceptable service level to market demands. As an effort to minimize inventory without sacrificing service level, the owner is looking into simulation models to predict service & inventory levels for given reorder points and order quantity. Based on historic records, the frequency distribution for daily demand & delivery lead time are as follows: Daily Demand Frequency Lead Time Frequency Qty. Demand Freq.: f(x) Time Freq.: f(x) 5 18 4 10 6 27 5 15 7 45 6 15 8 45 7 10 9 27 TOTAL 50 10 18 TOTAL 180 Based on the foregoing, complete the simulation form attached at the end of this questionnaire to arrive at the simulated service & inventory levels given a reorder point of 38 and an order quantity of 35
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