Question: A store places orders every week and receives the orders at the start of the next week. If demand is less than the stock available,
A store places orders every week and receives the orders at the start of the next week. If demand is less than the stock available, then all demand is met and the remaining stock known as the closing stock is available for the next week. If demand exceeds supply, then any excess demand is not satisfied and the store has lost sales.
A simulation has been conducted for two weeks and is shown in the table below. Some elements of the simulation of the third week have also been completed.
Week
Opening Stock
Order
Arrival Week
Delivery
Demand
Closing Stock
Lost Sales
What is the simulated closing stock and lost sales at the end of the third week?
Multiple choice Question
Closing stock of Lost sales of
Closing stock of Lost sales of
Closing stock of Lost sales of
Closing stock of Lost sales of
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
