Question

Suppose that the situation for the Hit-and-Miss Manufacturing Co. problem (Example 5) has changed somewhat. After a more careful analysis, you now estimate that each item produced will be acceptable with probability 2/3, rather than 1/2, so that the probability of producing zero acceptable items in a lot of size L is (1/3)L. Furthermore, there now is only enough time available to make two production runs. Use dynamic programming to determine the new optimal policy for this problem.


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  • CreatedSeptember 22, 2015
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