Author Question: Which is not a description of the dynamic lot-size model? a.There is a limit on ci. b.Demand for ... (Read 111 times)

Awilson837 · **on:** Aug 1, 2018

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.