Question: A single inventory with constant demand where backorders are allowed. Given that: h = 2 0 per unit and year b 1 = 1 0

A single inventory with constant demand where backorders are allowed.
Given that:
h =20 per unit and year
b1=100 per unit and year
A =200
d =300 units per year:
1) Calculate the optimal value of Q.
2) Given the optimal value of Q plot the total cost C as a function of x = fraction of demand that is backordered.
Looking at the plot
- what is the minimal C
-and for which x-value is this minimum attained?

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