1. Using the data provided here for problem 1. Calculate the following: 1 2| 3 | 4 | 5 6 7 8 9 Week Demand 10 11 12 13 2554 2333 4678 4525 2243 2988 2301 3777 3245 2122 2987| 2487 2567 a. Average weekly demand. b. Target inventory for 98% Inventory Service Level for this period if you get replenished with new inventory every two weeks. Formulas used: b.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1. Using the data provided here for problem 1. Calculate the following:
6 7 8 | 9
Week
Demand
1| 2 3 4 5
2554 2333 4678 4525 2243 2988 2301 3777 3245 2122 2987 2487 2567
10
11
12
13
a. Average weekly demand.
b. Target inventory for 98% Inventory Service Level for this period if you get replenished
with new inventory every two weeks.
Formulas used:
a.
b.
Transcribed Image Text:1. Using the data provided here for problem 1. Calculate the following: 6 7 8 | 9 Week Demand 1| 2 3 4 5 2554 2333 4678 4525 2243 2988 2301 3777 3245 2122 2987 2487 2567 10 11 12 13 a. Average weekly demand. b. Target inventory for 98% Inventory Service Level for this period if you get replenished with new inventory every two weeks. Formulas used: a. b.
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