Discuss the different types of demand patterns of a commodity with special reference to power demand patterns with power index, n$.$ Formulate and solve a continuous instantaneous stochastic model for a single product of a power demand pattern with index n$.$ Lead time is zero. Usual notations may be used.

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ANSWER 1 Types of demand patterns There are several types of demand patterns that can be observed in the consumption of commodities including Constant demand The demand for the commodity remains const... View the full answer