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Problem
#11887

(Q, r) model - Industrial Engineering

From the (Q, r) model...

1. How can find a cost upper bound on an optimal (Q, r) policy?
2. Using the data from the table above, do I have sufficient information to compute the cost function? If it is possible, how can I compute it? For example c(10)?
3. Using the data from the table above, do I have sufficient information to compute  ? If it is possible, how can I compute it? For example?

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(Q,r) Model study questions.doc


= shortage cost rate, D = random demand)

}.

Using these and given that the demand is Poisson, I can derive the cost
as the function of Q



Then,

assume that K = 1

If the following arbitrary data is available,

= 9, assume that K = 1

Y G(y)

33 $13.31

34 11.75

35 10.723

36 10.149

37 9.953

38 10.063

39 10.415

40 10.952

41 11.629

42 12.408

43 13.26

44 14.162



1. How can find a cost upper bound on an optimal (Q, r) policy?

Using the data from the table above, do I have sufficient information to
compute the cost function? If it is possible, how can I compute it? For
example c(10)?

?
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