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 management using the demand data in the table below for 14 weeks (weeks 8-21 for the year) for one product.
| Week | Demand | Inventory at end of week |
| 8 | 30 |
|
| 9 | 20 |
|
| 10 | 40 |
|
| 11 | 40 |
|
| 12 | 20 |
|
| 13 | 40 |
|
| 14 | 20 |
|
| 15 | 40 |
|
| 16 | 40 |
|
| 17 | 35 |
|
| 18 | 25 |
|
| 19 | 20 |
|
| 20 | 30 |
|
| 21 | 40 |
|
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 7At 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:
(3 pts.)a) How large is the next order?________
(4 pts.)b) When is the next order? _______
(4 pts.)c) When is the next order(after the one in part b)? ________
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