For the data given in Exhibit 12.26 for problem 50, illustrate the operation of a fixed-period-inventory system with a replenishment (M) level of 40, a review period of five days, a lead time of 3 days, and use Equation 12.1. Assume that orders are placed at the end of the day and that they arrive at the beginning of the day. Therefore, if an order is placed at the end of day five, it will arrive at the beginning of day nine. Here, the order quantity varies while the review period and lead time remain fixed. Note that you need columns for day, beginning inventory, demand, ending inventory, order placed, inventory position, and order received.

Problem 50

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EXHIBIT 12.26 Demand Data Day 1 NAFCON MIFGA89872 2 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Problem 50 Oil Filter Demand 6 554 00 0 8 6--m NON TAM in a m 9 1 1 3 8 8 6 7 2 4 7 3 5 6 6