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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Introduction To Operations Research

ISBN: 9780072321692

7th Edition

Authors: Frederick S. Hillier, Gerald J. Lieberman

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