[Answered] The (s,S) policy states that when inventory at time t-1 is it-1 a.if it-1

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Author Question: The (s,S) policy states that when inventory at time t-1 is it-1 a.if it-1 < st then St is ... (Read 12 times)

clmills979

Hero Member
Posts: 551

on: Aug 1, 2018

The (s,S) policy states that when inventory at time t-1 is i_t-1
a.if i_t-1 < s_tthen S_t is produced.
b.if i_t-1 > s_t then S_t i_t-1is produced.
c.if i_t-1 > s_tthen S_t is produced.
d.if i_t-1 < s_t then S_t i_t-1is produced.

Question 2

The minimum expected cost incurred during periods t+1, t+2, ... T is
a.

.
b.

.
c.

.
d.

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isabelt_18

Sr. Member
Posts: 342

Reply #1 on: Aug 1, 2018

Answer to Question 1

correct: d

Answer to Question 2

correct: d

clmills979

Hero Member
Posts: 551

Reply #2 on: Aug 1, 2018

Thanks

isabelt_18

Sr. Member
Posts: 342

Reply #3 on: Aug 1, 2018

Welcome

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Author Question: The (s,S) policy states that when inventory at time t-1 is it-1 a.if it-1 < st then St is ... (Read 12 times)

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