Operation research management report needed
Budget: ₹600 – ₹1,500 INR
Describe a methodology to calculate an appropriate value for your inventory reorder point
at various stages of the product lifecycle. Make sure to include a detailed explanation of how to
calculate every quantity associated with your method during the game. If average demand was
flat at 40 orders per day throughout and the standard deviation of demand was consistent with
what you observed during the first 20 days of simulation, what would be the reorder point
value obtained from your method?
at various stages of the product lifecycle. Make sure to include a detailed explanation of how to
calculate every quantity associated with your method during the game. If average demand was
flat at 40 orders per day throughout and the standard deviation of demand was consistent with
what you observed during the first 20 days of simulation, what would be the reorder point
value obtained from your method?