In some ordering problems, like the one for Sams Bookstore, whenever demand exceeds existing inventory, the excess

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In some ordering problems, like the one for Sam’s Bookstore, whenever demand exceeds existing inventory, the excess demand is not lost but is filled by expedited orders–at a premium cost to the company. Change Sam’s model to reflect this behavior. Assume that the unit cost of expediting is $40, well above the highest regular unit cost.

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Practical Management Science

ISBN: 1497

5th Edition

Authors: Wayne L. Winston, Christian Albright

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