Parameters | Initial Settings |
Supply line (SL) | Initial Value = 650 items = Desired supply Line (DSL) |
Goods Inventory (GI) | Initial value = 125 items = Desired Goods Inventory (DGI) |
Order Rate (OR) | Initial Value = 25 items/day = Desired Order Rate (DOR) |
Order Receipt Rate (ORR) | Initial Value = 25 items/day (Order Rate (OR) = Desired Order Receipt Rate (DORR)) |
Order Delivery Rate (ODR) | Initial Value = 25 items/day = Order Receipt Rate (ORR) |
Supplier’s Order Processing Time (ST) | 15 days |
Minimum Order Quantity (MOQ) | 20 items/order |
Transport time (TT) | 10 days |
Time to Store (TS) | 1 day |
Expected Demand (ED) | 25 items/day |
Inventory Days of Sales (IDS) | 5 days |
Inventory Holding Cost (IHC) | 30% of items value annually |
Ordering Cost (OC) | 3?order |
Cost of goods | 5?item |
Price | 10?item |
Accounts Payable (AP) | Initial Value = 0?o:p> |
Cash Payments (CP) | Initial Value = 0?o:p> |