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Mr. Dave Jones manages the warehouse inventory for Athleticks, a distributor of sportsd watches. From his...

Mr. Dave Jones manages the warehouse inventory for Athleticks, a distributor of sportsd watches. From his experience, Mr. Jones knows that the PR-5 jogging watch has an average daily demand of 100 units and a performance cycle of 8 days. Mr. Jones requires no buffer stock at this time.
a) Assume Mr. Jones perpetually reviews inventory levels. Find the reorder point for the PR 5 jogging watch.
b) Find the average inventory level of the PR-5 watch.
c) How might the reorder point change if Mr. Jones reviews inventory once each week? Find the reorder point under these conditions.
d) Find the average inventory level of the PR-5 watch under this perodic review.

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Answer #1

Given is the following details
Daily demand = 100 units
Cycle time = 8 days
a) Reorder Point = Daily Demand x Cycle time
= 100 x 8
= 800
b) Average inventory level = 800 / 2
= 400
c & d) Following is the table which shows if Mr. Jones reviews inventory on a specific day

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