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There was not an inventory problem discussed, he just wants us the function to see the average amount of inventory in each cycle Symbols D=expected
There was not an inventory problem discussed, he just wants us the function to see the average amount of inventory in each cycle
Symbols D=expected total demand over given time horizon; 9 = quantity of stock ordered; h = unit holding cost; R=unit reorder cost C(q) = total cost = Total holding cost + Total reorder cost q=optimal order size for minimum C(q). Results so far 2RD 9 Inventory model with a non-constant demand rate - B Low rate at start of cycle, high at end. The inventory problem we studied in class assumed a constant demand rate. Let's drop this assumption and consider a case in which in each cycle the demand is low at the start and high at the end. Let the function It) represent the size of the inventory as a function of time and let Q represent the size of each order. Assuming no shortages, make a sketch of this behavior in the space below and construct a simple continuous function which describes it. Use it to compute the average level of inventory in each cycle. Show all work y-intercept SOT -D2 Function: I(t) = q T2 + a (1(t)) = gs C(q*) = Symbols D=expected total demand over given time horizon; 9 = quantity of stock ordered; h = unit holding cost; R=unit reorder cost C(q) = total cost = Total holding cost + Total reorder cost q=optimal order size for minimum C(q). Results so far 2RD 9 Inventory model with a non-constant demand rate - B Low rate at start of cycle, high at end. The inventory problem we studied in class assumed a constant demand rate. Let's drop this assumption and consider a case in which in each cycle the demand is low at the start and high at the end. Let the function It) represent the size of the inventory as a function of time and let Q represent the size of each order. Assuming no shortages, make a sketch of this behavior in the space below and construct a simple continuous function which describes it. Use it to compute the average level of inventory in each cycle. Show all work y-intercept SOT -D2 Function: I(t) = q T2 + a (1(t)) = gs C(q*) =Step by Step Solution
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