The weekly demand for a certain type of electronic calculator is estimated to be The unit cost
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The weekly demand for a certain type of electronic calculator is estimated to be The unit cost of these calculators is $80. The holding cost is $0.70 per calculator remaining at the end of a week. The shortage cost is $2 per calculator of unsatisfied demand at the end of a week.
Using a weekly discount factor of 0.998, find the optimal inventory policy for this infinite-period problem.
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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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