Question: Analyse the inventory situation, using the information provided below, and develop a system dynamics model using Vensim (Use the model structure in Figure 1) Initial

 Analyse the inventory situation, using the information provided below, and develop

Analyse the inventory situation, using the information provided below, and develop a system dynamics model using Vensim (Use the model structure in Figure 1) Initial inventory = 175 units We purchase inventory (100 units) every five weeks at a cost of R100 per unit Ordering cost is R500/per order The warehousing cost is R20/unit-week Sales are constant, 20 units per week at a price of R150/unit If there is not enough material, we put a backorder of that has a cost of R750/order Define a dynamic model that represents the situation and run it for the next 15 weeks How much budget are we going to have in 15 weeks according to the situation? Lovestory Purchase Sales Badget * - 800 Laventory Demce Purchases Table Need of back order Sales 2 Cumulative Sales Orderas cost Cost Cumulative Cost Warehousing cost Purchasing cosa Analyse the inventory situation, using the information provided below, and develop a system dynamics model using Vensim (Use the model structure in Figure 1) Initial inventory = 175 units We purchase inventory (100 units) every five weeks at a cost of R100 per unit Ordering cost is R500/per order The warehousing cost is R20/unit-week Sales are constant, 20 units per week at a price of R150/unit If there is not enough material, we put a backorder of that has a cost of R750/order Define a dynamic model that represents the situation and run it for the next 15 weeks How much budget are we going to have in 15 weeks according to the situation? Lovestory Purchase Sales Badget * - 800 Laventory Demce Purchases Table Need of back order Sales 2 Cumulative Sales Orderas cost Cost Cumulative Cost Warehousing cost Purchasing cosa

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