2 In Class Activity - Inventory Game 2009

2 In Class Activity - Inventory Game 2009 - BUSQOM 1070...

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BUSQOM 1070 In-class activity Student Instructions for the Game “Manage Booby Monkey’s Inventory" Booby Monkey’s Halloween candy company has been doing so well that he decided to open a new business – a retail sporting goods store. One of the items he decided to carry is a new graphite hockey stick. Unfortunately, Booby Monkey knows nothing about inventory management so that’s where you come in. You (the student participants) are keenly aware of the various costs involved in ordering and holding inventory. Taking into account the respective costs, you are to develop an appropriate ordering policy for the hockey stick. Since this is a new product, you have no historical data on which to base your forecast of demand. However, you are aware that hockey sticks are seasonal items. Based on sales of other winter sports equipment, you observe that sales follow three 4-month "seasons". These seasons are: o weak peak: January - April (inclusive) o slow: May - August (inclusive) o strong peak: September - December (inclusive)
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2 In Class Activity - Inventory Game 2009 - BUSQOM 1070...

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