Question: In the last subsection of Sec 29 5 the long run expected

In the last subsection of Sec. 29.5, the (long-run) expected average cost per week (based on just ordering costs and unsatisfied demand costs) is calculated for the inventory example of Sec. 29.1. Suppose now that the ordering policy is changed to the following. Whenever the number of cameras on hand at the end of the week is 0 or 1, an order is placed that will bring this number up to 3. Otherwise, no order is placed. Recalculate the (long-run) expected average cost per week under this new inventory policy.

View Solution:


Sale on SolutionInn
Sales2
Views195
Comments
  • CreatedSeptember 22, 2015
  • Files Included
Post your question
5000