DOS3701/DSC3201 Homework 1 (Individual)

Due on 10pm, Aug 29, 2019

Note: This is an individual homework. Q3 can be done with Excel.

Q1. There are three mistakes on p. 46 of your textbook. Please

identify them and write down the correct expressions.

Q2. When a base stock policy is used in a periodic review system

as discussed in class, what is the average inventory level in
such a system?

Q3. Textbook Question 17, p. 61.

Note: You can use the template “Chapter_2_Q17_Template.xlsx” to work on parts b and
c for this question. Alternatively, you can create your own excel sheet.