Devise an optimal inventory policy for the eoq model

Reference no: EM131316800

1. Modify the EOQ formula for the case where the holding cost is a concave function of the number of items kept in inventory.

2. Devise an optimal inventory policy for the EOQ model with a finite time horizon _TH.

3. Draw the auxiliary graph used for solving the Sao Vincente Chemical problem (see Section 5.3.2.1) as a shortest-path problem.

Reference no: EM131316800

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