3 At time 0, a company has I units of inventory in stock. Customers demand the product...
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3 At time 0, a company has I units of inventory in stock.
Customers demand the product at a constant rate of d units per year (assume that I d). The cost of holding 1 unit of stock in inventory for a time is $h
. Determine the total holding cost incurred during the next year.
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Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston
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