Question: Solve the following questions USING EXCEL: 8 . Given the weekly demand data below, simulate the operation of a fixed - order - quantity inventory
Solve the following questions USING EXCEL:
Given the weekly demand data below, simulate the operation of a fixedorderquantity inventory system with a reorder point of an order quantity of and a beginning inventory of The lead time is one week. All orders are placed at the end of the week and backordering is not allowed. What is the average endofweek inventory on hand and the sales lost? Points
tableWeektableBeginninginventorytableQuantityonorderDemand,tableEndinginventorytableInventorypositiontableOrderyesnotableLostSales
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