We consider the model in Section 4.4 with the data A = 6, d = , h = I, bi = 3. a) Determine the optimal solution. b) Show that the average waiting time for a customer is 1/8. c) Consider now the problem without the backorder cost bi per unit and time unit but with 1/8 as an upper bound for the average waiting time for a customer. Show that the policy in a) is optimal.
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