Reorder-point inventory simulation with stochastic demand and lead times. For instructions and example, see ISIM help
Model Input Form
Given the following inventory characteristics:
Purchase cost, C = $500 per unit
Ordering cost, Co = $20 per order
Carrying cost, Ch = 15% of average inventory value
Backorder cost, Cs = $40 per stockout
Working days, per year, w = 250
Daily demand, d: p(0) = 0.5, p(1) = 0.3, p(2) = 0.2
Lead time, in days, L: p(1) = 0.8, p(2) = 0.2
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