Question: Consider an inventory system, where the initial stock is 1 3 units. The demand as well as the lead times are random variables. Demand 5
Consider an inventory system, where the initial stock is units. The demand as well as the lead times are
random variables.
Demand
Probability
Lead time
Probability
There are three reorder points, RP RP and RP at levels of units, units and units respectively
whereas three reorders, quantity of units, units and units respectively, can be outstanding at a time.
Find the service level and the average stock held for the given reorder points and the reorder quantity.
Simulate the system for days.
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