Question: Description: The cost parameters and lead time are given in Parameters section. Historical realized demand for the last three years - 1000 days - were
Description:
The cost parameters and lead time are given in "Parameters" section.
Historical realized demand for the last three years - 1000 days - were given in "Demand" section.
Inventory levels simulated for the future 100 days based on current inventory position and future expected forecasted demand is given in "Inventory" section.
There is no indication which type of inventory policy the company is using. Use the parameters and the data to suggest an inventory policy.
Analyse the demand data by using Data Analytics tools and describe the demand by using graphs and explanations.
Analyse the inventory data and provide how the company's stock position in terms of Shortage - Understock - Perfect - Overstock - Excess.
Prepare a powerpoint presentation, save it in .pdf format and upload your assignment.
The cost parameters and lead time are given in "Parameters" section.
Historical realized demand for the last three years - 1000 days - were given in "Demand" section.
Inventory levels simulated for the future 100 days based on current inventory position and future expected forecasted demand is given in "Inventory" section.
There is no indication which type of inventory policy the company is using. Use the parameters and the data to suggest an inventory policy.
Analyse the demand data by using Data Analytics tools and describe the demand by using graphs and explanations.
Analyse the inventory data and provide how the company's stock position in terms of Shortage - Understock - Perfect - Overstock - Excess.
Prepare a powerpoint presentation, save it in .pdf format and upload your assignment.
Parameters:
| Fixed cost of ordering: | 10 | |||
| Unit purchase cost: | 2 | |||
| Target cycle service level: | 95% | |||
| Lead time: | 4 days | |||
| Backorder cost per unit shortage: | 0,2 | |||
| Inventory holding cost rate per day: | 1% |
We have demands for each day total 1000 days. And we have on-hand inventory datas for each day, total 100 days. Can you please solve this problem. It's so important.
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