Inventory Simulation Game 250 word

By February 12, 2019Academic Papers

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   Part 1: Minimum 250 words

   Do NOT include any of the question texts and/or charts in your report. They will not count towards the length requirements of the essay.

Inventory Simulation Game 250 word

Assuming that you knew the actual demands in advance, improve your ordering schedule.

Hint: The optimal ordering policy has zero shortage costs in every period, AND an ending inventory of zero in the last time period. And such a policy has the maximum annual profit of more than $5200. Improve your initial solution such that you have an annual profit as close to this number as possible.

In 250 words, explain the ordering policy that you could improve to. What are the solution properties that you can observe?

 

Originally posted 2018-04-29 17:26:12.

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