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The supply of a certain good is inspected periodically. If an order is placed of size x>0 (integer), the ordering costs are 8+2.x. The delivery time is zero. The demand is stochastic en equals 1 or 2 with probability ½ . Demand in subsequent periods are independent. The size of an order must be such that (a) demand in a period is always satisfied, and (b) the stock at the end of a period never exceeds 2. The holding costs in a period are 2 per unit remaining at the end of a period. Target is to minimize the expected discounted costs over infinite horizon, use discount factor 0.8.
(a) Give the optimality equations for the Markov decision problem.
(b) Give an LP-model that allows you to determine the optimal policy.
(c) Carry out two iterations of the value iteration algorithm
(d) Choose an odering policy, and investigate using the policy iteration algorithm whether or not this policy is optimal. "
solve the following linear programming problem using simplex method maximize z=3x1+2x2 subject to the constraints: x1+x2 x1+x2 x1,x2>=0
Census Methods Complete Enumeration: If detail information regarding every individual person or item of a given universe ( or population ) is collected then the enquir
there are 5 plants located in different cities and manufacturer a common produt A
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Objectives of Measuring Dispersion a. To judge the Reliability of Measures of Central Tendency: Measure of dispersion is the only means to test the representative charac
full detailor theory on graphical method
- A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y pape
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
Books a. One author : Authors last name first name title of books place of publication: publisher copyright data page numbers used. b. Two Author : First author la
Uses of Standard Deviation Normal 0 false false false EN-IN X-NONE X-NONE
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