Question: [ Help pls for number 1 ] The demand for tomatoes fluctuates significantly in 2 0 2 4 as shown in Table 1 due to
Help pls for number The demand for tomatoes fluctuates significantly in as shown in Table due to various factors such as
seasonal changes, market trends, and unpredictable weather conditions. It is confirmed that the average demand
per month is tons and the standard deviation tons. Similarly, the lead time for receiving new
tomato supplies from your suppliers is also subject to variability due to transportation issues, supplier
availability, and other unforeseen circumstances.
Table Forecasted Demand in tons
Table Parameters for Inventory Problem
No
Continuous Review Inventory Policy
a Find the mean demand during lead time and standard deviation demand during
lead time
b Calculate until the iterations to find the optimal order quantity and reorder point
c Calculate the total annual inventoryrelevant costs holding costs ordering costs
stockout costs
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