Question: Inventory Simulation: ( 4 pts . ) Find the following quantities based on the inventory simulation screenshot above. i . What is the order size
Inventory Simulation:
pts Find the following quantities based on the inventory simulation screenshot above.
i What is the order size Q
ii How many orders are received in the duration shown in the screenshot? Please note that
some orders may have been placed before the time period shown in the screenshot. Please
do not count any orders that are placed but not received during the time period shown.
iii. What is the reorder point ROP Specify the tightest possible range based on the
screenshot provided. Choose one answer from the options below.
a ROP must be between and inclusive
b ROP must be between and inclusive
c ROP must be between and inclusive
d ROP must be between and inclusive
iv What is the maximum number of orders in transit on any day for the days shown in the
screenshot?
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