3. Consider the infinite-horizon inventory situation with zero delivery lag and backlogged demand. Develop the optimal inventory
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3. Consider the infinite-horizon inventory situation with zero delivery lag and backlogged demand.
Develop the optimal inventory policy based on the minimization of cost given that Holding cost for z units = hz2 Penalty cost for z units = px2 Show that for the special case where h = p, the optimal solution is independent of pdf of I demand.
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