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Littlefield Inventory Game Quiz
Team Name:______________TeamH_______________
Team Member Full Names:
Jana Benson
Daniela Dieck
Mitchell Meredith
Joshua Solite
Forecasting and Inventory Management at Littlefield Technologies
Assume that the graph above shows several days of the inventory game.
1.
What is the order quantity?
a.
2000
c.
6000
b.
5000
d.
7500
2.
Are there stock outs?
a.
Yes
b. No
3.
The last decline of the line in the graph, illustrates that
a.
Lead time changed
b.
Daily demand declined
c.
The order quantity changed
4.
In detail, describe and illustrate how you estimated the annual demand?
In the Littlefield Technologies simulation, it was necessary to estimate annual demand in
order to determine the proper reorder point and economic order quantity in order to better
manage our inventory.
We calculated the annual demand by multiplying the average
daily demand by the number of days in the year, 365. To support our calculations, the
average daily demand calculations are displayed in exhibit B of our excel appendices.
The calculation for our annual demand is displayed in the formula below:
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 Summer '08
 WOOSLEY

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