Question: Demand arrives one unit at a time according to a Poisson process with mean 30 units / day. Suppose that the lead time is 3
Demand arrives one unit at a time according to a Poisson process with mean 30 units / day. Suppose that the lead time is 3 days, holding cost is $1 and backorder cost is $7. Using normal approximation to find out the optimal inventory position R
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