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Calculate the reorder level  ii Calculate the maximum level of inventory   iii Calculate the minimum (buffer) inventory level

Calculate the reorder level  ii Calculate the maximum level of inventory   iii Calculate the minimum (buffer) inventory level

Practical Management Science
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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Jack Ltd is a market leader in the manufacture of apple juice. They operate a 
reorder level system of inventory management, and the following information is 
available for green apples:
Average usage                                800 per day
Minimum usage                              540 per day
Maximum usage                            1260 per day
Lead time for replenishment          16-20 day
Reorder quantity                            19,500 apples
Required:
1. Calculate the reorder level 

ii Calculate the maximum level of inventory 

 iii Calculate the minimum (buffer) inventory level 

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