Question: The following questions involve inventory management using the demand data in the table below for 14 weeks (weeks 8-21 for the year) for one product.

The following questions involve inventory

The following questions involve inventory management using the demand data in the table below for 14 weeks (weeks 8-21 for the year) for one product. a) How large is the next order? Week Inventory at end of week 8 9 10 b) When is the next order? 11 12 13 14 15 Demand 30 20 40 40 20 40 20 40 40 35 25 20 30 40 c) When is the next order (after the one in part b)? 16 17 18 19 20 21 Suppose inventory is managed with a continuous review system where the order size Q = 200 and the reorder point R= 100. The lead time is a constant 3 weeks. The previous order was at the end of week 4 and arrived in week 7 At the beginning of week 8 the inventory level is 220 units. Orders are made at the end of a week. Fill in the empty column in the table above with the inventory level at the end of each week. Using the table above, answer the following: The following questions involve inventory management using the demand data in the table below for 14 weeks (weeks 8-21 for the year) for one product. a) How large is the next order? Week Inventory at end of week 8 9 10 b) When is the next order? 11 12 13 14 15 Demand 30 20 40 40 20 40 20 40 40 35 25 20 30 40 c) When is the next order (after the one in part b)? 16 17 18 19 20 21 Suppose inventory is managed with a continuous review system where the order size Q = 200 and the reorder point R= 100. The lead time is a constant 3 weeks. The previous order was at the end of week 4 and arrived in week 7 At the beginning of week 8 the inventory level is 220 units. Orders are made at the end of a week. Fill in the empty column in the table above with the inventory level at the end of each week. Using the table above, answer the following

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