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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Anticipated demands for a four-period planning horizon are 23, 86, 40, and 12. The setup cost is $300 and the holding cost is h = $3 per unit per period.
a. Enumerate all the exact requirements policies, compute the holding and setup costs for each, and find the optimal production plan.
b. Solve the problem by backward dynamic programming.
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