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?
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Simulation Results
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Element
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Element
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Statistics
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Overall
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Simulation number(s)
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types
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names
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means
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1
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2
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3
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4
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5
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Work Station(s)
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Delivery
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Final status
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Working
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Working
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Working
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Working
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Working
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Final inventory (int. but)
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0.16
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0
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0
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0
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0
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0
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Mean inventory (int. buff.)
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2.9
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3.37
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3.39
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2.71
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2.68
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2.71
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Mean cycle time (int inv.)
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7.27
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8.24
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8.29
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6.64
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6.55
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6.64
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Work cycles started
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8."
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8
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8
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8
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8
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8
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Fraction time working
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0.6
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0.60
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0.63
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0.66
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0.66
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0.68
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Fraction time blocked
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0.35
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0.40
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0.37
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0.34
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0.34
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0.32
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Buffer(s)
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Factory
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Objects leaving
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280.01
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280
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280
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280
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280
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280
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Final inventory
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720.11
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720
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720
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720
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720
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720
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Minimum inventory
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720.00
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720
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720
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720
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720
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720
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Maximum inventory
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1000.11
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1000
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1000
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1000
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1000
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1000
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Mean inventory
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853.41
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858.89
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858.25
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853.02
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848.12
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848.74
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Mean cycle time
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1828.73
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1840.48
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1839.11
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1827.90
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1817.40
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1818.74
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Reorder Point
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Objects leaving
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260.81
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248
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261
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265
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265
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265
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Final inventory
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4.21
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17
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4
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0
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0
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0
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Minimum inventory
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0.00
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0
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0
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0
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0
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0
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Maximum inventory
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20.00
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20
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20
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20
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20
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20
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Mean inventory
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12.4
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12.78
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13.19
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11.92
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12.53
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11.83
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Mean cycle time
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28.68
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30.93
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30.32
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27.00
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28.36
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26.80
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Exit(s)
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Purchase
Requests
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Objects leaving process
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260.80
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248
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261
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265
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265
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265
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Object departures missed
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46.4 r
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57
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25
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48
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46
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56
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Service level
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0.85
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0.81
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0.91
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0.85
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0.85
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0.83
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