Answer to Question #131867 in Operations Research for Yeri

Question

Neon lights on a campus are replaced at the rate of 100 units perday. The physical plant orders the neon lights periodically. It costs BND 100 to initiate a purchase order. A neon light kept in storage is estimated to cost about BND 0.02 per day. The lead time between placing and receiving an order is 12 days. Determine the optimal inventory policy for ordering the neon lights

Answer 1

Dear Yeri, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order