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Name: Mahesh A Abnave Title: Inventory System Simulation Using MS Excel Spreadsheet Sample Cell Formulae

The document contains sample cell formulas for simulating an inventory system using Excel spreadsheets. It includes formulas for beginning inventory, random daily demand, ending inventory, shortage quantity, order quantity, random lead time, and days until order arrives. It then shows the results of running a 5-cycle simulation with daily inventory levels, demand, ending inventory, shortage, order quantities, random lead times, and days until orders arrive. The simulation results in an average inventory of 0.4 units and shortages on 11 out of 25 days.

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Mahesh Abnave
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91 views2 pages

Name: Mahesh A Abnave Title: Inventory System Simulation Using MS Excel Spreadsheet Sample Cell Formulae

The document contains sample cell formulas for simulating an inventory system using Excel spreadsheets. It includes formulas for beginning inventory, random daily demand, ending inventory, shortage quantity, order quantity, random lead time, and days until order arrives. It then shows the results of running a 5-cycle simulation with daily inventory levels, demand, ending inventory, shortage, order quantities, random lead times, and days until orders arrive. The simulation results in an average inventory of 0.4 units and shortages on 11 out of 25 days.

Uploaded by

Mahesh Abnave
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Name: Mahesh A Abnave BEIT 500862 Batch III

Title: Inventory system simulation using MS Excel spreadsheet

Sample Cell formulae:

For Beginning Inventory: C17 =IF(N16=0,H16+J$16,H16)

For RD for Demand: D17 =RAND()*100

For Demand: G17 =


=IF(AND(D17>=D$7,D17<=F$7),A$7,IF(AND(D17>=D$8,D17<=F$8),A$8,IF(AND(D17>=D$9,D17<=F$9),A$9,IF(AND(D17
>=D$10,D17<=F$10),A$10,IF(AND(D17>=D$11,D17<=100),

For Ending Inventory: H17 = IF(C17-G17-I16>=0,C17-G17-I16,0)

For Shortage Quantity: I17 =IF(C17<G17,(C17-G17)*-1+I16,0)

For Order Quantity: J21 =SUM(G17:G21)

RD for Lead Time: K21 =RAND()*10

Days Until Order Arrives: N18 =IF(N17="-",IF(K18="-","-


",IF(AND(K18>=K$7,K18<=M$7),H$7,IF(AND(K18>=K$8,K18<=M$8),H$8,IF(AND(K18>=K$9,K18<=M$9),H$9)))),IF(N17
=0,"-",N17-1))

Ending Inventory Total: H42 =SUM(H17:H41)

Average Inventory: E45 = =H42/25

Number of days shortage occurred: C47 =COUNTIF(I17:I41,">0")

Output

Random-Digit Assignments for Daily Demand


Cumulative Random-Digit
Demand Probability Probability Assignment
0 0.1 0.1 1 - 10
1 0.25 0.35 11 - 35
2 0.35 0.7 36 - 70
3 0.21 0.91 71 - 91
4 0.09 1 92 - 0

Random-Digit Assignments for Lead Time


Random-
Lead Time Cumulative Digit
(Days) Probability Probability Assignment
1 0.6 0.6 1 - 6
2 0.3 0.9 7 - 9
3 0.1 1 0 - 0
Random Random Days until
Beginning Digits for Ending Shortage Order Digit for Order
Cycle Day Inventory Demand Demand Inventory Quantity Quantity Lead Time Arrives
Initial 3 0 8 2
1 3 45 2 1 0 - - 1
2 1 92 4 0 3 - - 0
1 3 8 16 1 4 0 - - -
4 4 71 3 1 0 - - -
5 1 19 1 0 0 11 2 1
1 0 4 0 0 0 - - 0
2 11 38 2 9 0 - - -
2 3 9 57 2 7 0 - - -
4 7 55 2 5 0 - - -
5 5 48 2 3 0 8 9 FALSE
1 3 93 4 0 1 - - -1
2 0 74 3 0 4 - - -2
3 3 0 95 4 0 8 - - -3
4 0 58 2 0 10 - - -4
5 0 45 2 0 12 15 9 -5
1 0 60 2 0 14 - - -6
2 0 92 0 0 0 - - -7
4 3 0 46 2 0 2 - - -8
4 0 10 0 0 0 - - -9
5 0 94 4 0 4 8 5 -10
1 0 88 3 0 7 - - -11
2 0 24 1 0 8 - - -12
5 3 0 71 3 0 11 - - -13
4 0 31 1 0 12 - - -14
5 0 84 3 0 15 11 7 -15
Total 30
Analysis:

Based on five cycles of simulation, the averageinventory is approximately 0.4 units.inventory is approximately

On 11 of 25 days a shortage condition existed.

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