Inventory System Simulation
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Questions and Answers

What policy does the company use to decide how much to order?

  • Sine wave policy
  • Logistic policy
  • Linear policy
  • (s,S) policy (correct)

    • What are the times between demands described as in the problem statement?

  • Exponential random variables (correct)
  • Normal random variables
  • Uniformly distributed random variables
  • Poisson random variables

    • What is the size of the demands described as in the problem statement?

  • Uniformly distributed random variables
  • Bernoulli random variables (correct)
  • Poisson random variables
  • Exponential random variables

    • How is the delivery lag described in the problem statement?

    <p>Uniformly distributed random variable</p> Signup and view all the answers

    What is the cost of Z items described as in the problem statement?

    <p>$K+iZ$</p> Signup and view all the answers

    What kind of random variables are used to represent the size of the demands in the problem statement?

    <p>Discrete random variables</p> Signup and view all the answers

    What kind of random variables are used to represent the times between demands?

    <p>Exponential random variables</p> Signup and view all the answers

    What is the size of the demands described as in the problem statement?

    <p>IID random variables with D=1</p> Signup and view all the answers

    What policy does the company use to decide how much to order?

    <p>(s,S) policy</p> Signup and view all the answers

    How is the delivery lag described in the problem statement?

    <p>Uniform distribution</p> Signup and view all the answers

    What are the times between demands described as in the problem statement?

    <p>Exponential random variables</p> Signup and view all the answers

    How is the cost of Z items described in the problem statement?

    <p>$K+iZ$</p> Signup and view all the answers

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