Which is not a description of the dynamic lot-size model? ...

[Awilson837]

Which is not a description of the dynamic lot-size model?
  a.There is a limit on c_i.
  b.Demand for period t must be met on time.
  c.Demand d_t is know at the beginning of period t.
  d.There is no limit on r_i.

Question 2

Which is not an aspect of recursion?
  a.We must specify how to best move from stage t to stage t+1.
  b.We must specify how the state at stage t+1 depends on the value of t, the state at stage t and the decision chosen at stage t.
  c.We must specify how the cost during stage t depends on the value of t, the current state and the decision at stage t.
  d.We must specify the set of decisions that is allowable for a given state and stage.

[Mochi]

Answer to Question 1

correct: d

Answer to Question 2

correct: a

[Awilson837]

TYSM

[Mochi]

Thanks for the timely response, appreciate it