Question: For a four - month inventory problem, the demand and cost data for each month are provided in the following table The products are produced
For a fourmonth inventory problem, the demand and cost data for each month are provided in
the following table The products are produced in batches of The initial inventory available at the
beginning of the first month is units and it is desired to have units at the end of the month.
a Use dynamic programming to find the optimal policy and minimum total cost use backward
recursion
b Find the optimal policy by using dynamic programming in EXCEL Hint: It is very similar to the
shortest path DP Excel solution. But you need to find a way to add costs
Could you please solve and explain the second option or solve it in a clear way so that I can understand the whole question?
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