Solve the inventory problem given in Prob. 19.7-6, but assume that the policy is to be used

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Solve the inventory problem given in Prob. 19.7-6, but assume that the policy is to be used for only 1 year (a 12-period model). Shortages are backlogged each month, except that any shortages remaining at the end of the year are made up by purchasing similar items at a unit cost of $2. Any remaining inventory at the end of the year can be sold at a unit price of $2.

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Introduction To Operations Research

ISBN: 9780072321692

7th Edition

Authors: Frederick S. Hillier, Gerald J. Lieberman

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