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Recent questions tagged inventory-control
For a single item inventory system, the demand is continuous, which is $10000$ per year. The replenishment is instantaneous and backorders ($S$ units) per cycle are allowed as shown in the figure. As soon as the quantity ($Q$ units) ordered ... . Based on the total cost minimization criteria, the maximum inventory reached in the system is ________ (round off to nearest integer).
Sep 18, 2020
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