The inventory at the end of the 5th day is ? A manager wishes to simulate 10 days of operation of an inventory system. The beginning inventory at the start of the first day is 68 units. Demand isknown to be uniformly distributed in the range 4 to 8 units per day, inclusive. The random numbers used for the 10-day simulation are 0.25, 0.61, 0.09,0.62, 0.72, 0.59, 0.33, 0.51, 0.17, 0.29. Assuming no new units are delivered during the 10-day simulation.The inventory at the end of the 5th day is:(Round your answer to 2 decimal places)

Demand range = 4 to 8 units per dayBeginning inventory = 68 unitsRandom numbers for each…

Answered: The inventory at the end of the 5th day…

Business

Operations Management

The inventory at the end of the 5th day is ?

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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