In the last subsection of Sec. 16.5, the (long-run) expected average cost per week (based on just
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In the last subsection of Sec. 16.5, the (long-run) expected average cost per week (based on just ordering costs and un-
satisfied demand costs) is calculated for the inventory example of Sec. 16.1. Suppose now that the ordering policy is changed to the following. Whenever the number of cameras on hand at the end of the week is 0 or 1, an order is placed that will bring this number up to 3. Otherwise, no order is placed.
Recalculate the (long-run) expected average cost per week under this new inventory policy.
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Related Book For
Introduction To Operations Research
ISBN: 9780072321692
7th Edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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