Recall our discussion about simulating inventory systems. In this exercise, we simulate random demand over 365 days and set up an inventory system in a spreadsheet. Assume the lead time is 1 day, and the inventory operates under an (R,Q) policy where: Reorder Point (R): 100 Order Quantity (Q): 800 The following figure provides a snapshot of the spreadsheet simulation.  Please answer the following questions. (Plus, I also attach the spreadsheet here problem 2_simulation inventory.xlsx, if it is easier for you to see the cell name in the Excel. Please see “sheet 1″)

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