The Georgia Lighting Center stocks more than 3,000 lighting fixtures, including chandeliers, swags, wall lamps, and track

Question:

The Georgia Lighting Center stocks more than 3,000 lighting fixtures, including chandeliers, swags, wall lamps, and track lights. The store sells at retail, operates six days per week, and advertises itself as the â€œbrightest spot in town.â€ One expensive fixture is selling at an average rate of five units per day. The reorder policy is Q = 40 and R = 15. A new order is placed on the day the reorder point is reached. The lead time is three business days. For example, an order placed on Monday will be delivered on Thursday. Simulate the performance of this Q system for the next 3 weeks (18 workdays). Any stock outs result in lost sales (rather than backorders). The beginning inventory is 19 units, and no receipts are scheduled. Table simulates the first week of operation. Extend Table to simulate operations for the next 2 weeks if demand for the next 12 business days is 7, 4, 2, 7, 3, 6, 10.0, 5, 10, 4, and 7.

a. What is the average daily ending inventory over the 18 days?

b. How many stock outsoccurred?

The Georgia Lighting Center stocks more than 3,000 lighting fixt

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