Question: The table below provides demand data for 11 days (days 10-20 for the current year) for one product for the next 4 questions. The previous
The table below provides demand data for 11 days (days 10-20 for the current year) for one product for the next 4 questions. The previous order was for 300 units at the end of day 9. The lead time is a constant two days. At the beginning of day 10 the inventory level is 450 units. Orders are made at the end of a day. Suppose inventory is managed with a reorder point system where Q=300 and the reorder point is 250.
| Day | Demand | Inventory |
| 10 | 120 |
|
| 11 | 150 |
|
| 12 | 120 |
|
| 13 | 100 |
|
| 14 | 80 |
|
| 15 | 80 |
|
| 16 | 60 |
|
| 17 | 60 |
|
| 18 | 60 |
|
| 19 | 40 |
|
| 20 | 80 |
|
1) When is the next order? end of day ________
2) How large is the next order? ________
3) When is the subsequent order (after that above)? end of day _______
4) How large is that order? _________
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