Question: 3 . 1 0 ( EOQ with Fixed Batch Sizes ) Suppose that in the EOQ model we can only order batches that are an
EOQ with Fixed Batch Sizes Suppose that in the EOQ model we can only order batches that are an integer multiple of some number ; that is we can order a batch of size etc.
a Prove that, for the optimal order quantity hat
where is the optimal nonintegermultiple EOQ quantity.
b Suppose that for hat Using the result in part a prove that where is the EOQ cost function.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
