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(Q, r) model - Industrial Engineering

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From the (Q, r) model...

1. How can find a cost upper bound on an optimal (Q, r) policy?
2. Using the data from the table above, do I have sufficient information to compute the cost function? If it is possible, how can I compute it? For example c(10)?
3. Using the data from the table above, do I have sufficient information to compute ? If it is possible, how can I compute it? For example?

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Solution Summary

The cost of upper bound on an optimal for industrial engineering are examined.

Solution provided by:
Gaurav Agarwal, MS
Education
  • BE, Bangalore University, India
  • MS, University of Wisconsin-Madison
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