Question: A local store uses an (a, S} inventory policy for a particular product. Every Friday evening after the store closes, the inventory level is checked.

 A local store uses an (a, S} inventory policy for aparticular product. Every Friday evening after the store closes, the inventory level

A local store uses an (a, S} inventory policy for a particular product. Every Friday evening after the store closes, the inventory level is checked. If the stock level for the product is greater than 5, no action is taken. Otherwise, if the stock on hand is less than or equal to s, enough stock is procured over the weekend so that. when the store reopens on Monday morning,r the inventory level is 5. Let {Km 11 = 11 2, } he the stock on hand when the inventory is checked on Friday evening of week It and let {Em n = l, 2. } he the dmand for product during week It. Then for any to E Q. {litre}- Z...tm1 its

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