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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: iii Calculate the minimum (buffer) inventory level

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: 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
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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:

iii Calculate the minimum (buffer) inventory level 

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