For each scenario in the below table run 30 simulations and


Question- For each scenario in the below table, run 30 simulations and report the overall mean service level and the estimated total cost. Does this new reorder point achieve the desired service level of .9? If so, which scenario would you recommend? As the order size increases, what happens to the ordering and holding costs?

Simulation Results

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Element

Element

Statistics

Overall

Simulation number(s)

 

types

names

 

means

1

2

3

4

5

 

 

 

 

 

 

 

 

 

Work Station(s)

Delivery

Final status

 

Working

Working

Working

Working

Working

 

 

Final inventory (int. but)

0.16

0

0

0

0

0

 

 

Mean inventory (int. buff.)

2.9

3.37

3.39

2.71

2.68

2.71

 

 

Mean cycle time (int inv.)

7.27

8.24

8.29

6.64

6.55

6.64

 

 

Work cycles started

8."

8

8

8

8

8

 

 

Fraction time working

0.6

0.60

0.63

0.66

0.66

0.68

 

 

Fraction time blocked

0.35

0.40

0.37

0.34

0.34

0.32

 

 

 

 

 

 

 

 

 

Buffer(s)

Factory

Objects leaving

280.01

280

280

280

280

280

 

 

Final inventory

720.11

720

720

720

720

720

 

 

Minimum inventory

720.00

720

720

720

720

720

 

 

Maximum inventory

1000.11

1000

1000

1000

1000

1000

 

 

Mean inventory

853.41

858.89

858.25

853.02

848.12

848.74

 

 

Mean cycle time

1828.73

1840.48

1839.11

1827.90

1817.40

1818.74

 

 

 

 

 

 

 

 

 

 

Reorder Point

Objects leaving

260.81

248

261

265

265

265

 

 

Final inventory

4.21

17

4

0

0

0

 

 

Minimum inventory

0.00

0

0

0

0

0

 

 

Maximum inventory

20.00

20

20

20

20

20

 

 

Mean inventory

12.4

12.78

13.19

11.92

12.53

11.83

 

 

Mean cycle time

28.68

30.93

30.32

27.00

28.36

26.80

 

 

 

 

 

 

 

 

 

Exit(s)

Purchase
Requests

Objects leaving process

260.80

248

261

265

265

265

 

 

Object departures missed

46.4 r

57

25

48

46

56

 

 

Service level

0.85

0.81

0.91

0.85

0.85

0.83

 

Request for Solution File

Ask an Expert for Answer!!
Operation Management: For each scenario in the below table run 30 simulations and
Reference No:- TGS0973485

Expected delivery within 24 Hours