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Littlefield Simulation Report (EMBALJ2014)

6. Littlefield Simulation Report Continued

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* Q5. 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.

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* If average demand was flat at 40 orders per day throughout and the standard deviation of demand was 40 orders per day, what would be the reorder point value obtained from your method? Please note that the numbers in this question are slightly different than those provided in the Littlefield Simultation document.