Question: Problem 2 (21 points): Suppose that you just opened a new business with no inventory on hand or in-transit and no backlog on day 1.

 Problem 2 (21 points): Suppose that you just opened a new

Problem 2 (21 points): Suppose that you just opened a new business with no inventory on hand or in-transit and no backlog on day 1. The table below gives demand arrivals in the next ten periods. Suppose that the lead time of your supply L = 3. For the backlog model, please complete the following table for the (s, S) policy where s = 15 and S = 28 and the (r, Q) policy, where r = 24 and Q = 7. For the lost-sale model, please complete the table (replace "backlog" with lost sales) for the constant-ordering policy, and the order quantity is 9 units per-period. inv. position (post order) period demand inventory inventory backlog inv. position order on hand in transit (pre-order) quantity 1 11 2 7 3 5 4 8 5 10 6 13 7 8 8 9 9 10 10 7 8 Problem 2 (21 points): Suppose that you just opened a new business with no inventory on hand or in-transit and no backlog on day 1. The table below gives demand arrivals in the next ten periods. Suppose that the lead time of your supply L = 3. For the backlog model, please complete the following table for the (s, S) policy where s = 15 and S = 28 and the (r, Q) policy, where r = 24 and Q = 7. For the lost-sale model, please complete the table (replace "backlog" with lost sales) for the constant-ordering policy, and the order quantity is 9 units per-period. inv. position (post order) period demand inventory inventory backlog inv. position order on hand in transit (pre-order) quantity 1 11 2 7 3 5 4 8 5 10 6 13 7 8 8 9 9 10 10 7 8

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