Question: Problem 4 ( 5 0 points ) In the batic EOQ motel, when at new shipment atrives, it arrives all int once. Thut is ,
Problem points
In the batic EOQ motel, when at new shipment atrives, it arrives all int once. Thut is we order some the following extousion of thasic EOQ model. Instend of arriving oll at once the juventory is replenthed gradially at a rate of beta items per unt time, until the onder quatity Q is fullilled. that in renclued whon production is coasud.
b How long does it tahe to requinthingentory? Hint; Write T in terms of Q and p
c What is the total amoum of dormand furing the imtarval
e Write down an expresifon for the cycle time leftTTright in tims of Q p dial lambda and simplify.
f Write down an expmssian for the average inventory in terms of Q p and lambda
B Assuming thint the fixed ordering or sel ap cost is $ K the imventory tholding cost of the item Es Sh per mit time, and the unit purchasing or production const is Ses
Whint is the toral coses pur cyclo?
ii What to the total cost por mit time?
iii. What bo the optimal order quantity for this problem?
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