Question: Demand arrives one unit at a time according to a Poisson process with a mean of 3 0 units / day . Suppose that the
Demand arrives one unit at a time according to a Poisson process with a mean of unitsday Suppose that the lead time is days, the holding cost is $ the backorder cost is $and the ordering cost is $ Using normal approximation to find out the optimal reorder quantity based on a QR model.
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