(that is, its okay to fudge the ending point to avoid useless inventory evaluations at time 120),...

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(that is, it’s okay to fudge the ending point to avoid useless inventory evaluations at time 120), and get the total daily cost, as well as separate holding and shortage costs for each type of item. Make separate Level (“thermometer”) and regular Plots for each of the three types of items in inventory. Describe how you would model this if you had hundreds or thousands of different kinds of items in inventory instead of just three.

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Simulation With Arena

ISBN: 9780073401317

6th Edition

Authors: W. David Kelton, Randall Sadowski, Nancy Zupick

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