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• Part 1: Minimum 250 words
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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.