Consider an (s, Q) system with Poisson demand, complete backordering, and Q = 1. a. Develop an
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Consider an (s, Q) system with Poisson demand, complete backordering, and Q = 1.
a. Develop an expression for the expected number of units on backorder at any random point in time.
b. Using a cost of B2v per unit backordered per unit time, develop the equation for indifference between s and s + 1.
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Related Book For 
Inventory And Production Management In Supply Chains
ISBN: 9781032179322
4th Edition
Authors: Edward A Silver, David F Pyke, Douglas J Thomas
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