Plot the ratio of the actual to the optimal cost as a function of b, the ratio of the actual order quantity to the optimal order quantity for values of b between 0.25 and 2.0. If we order 25% more...


Plot the ratio of the actual to the optimal cost as a function of b, the ratio of the actual order quantity to the optimal order quantity for values of b between 0.25 and 2.0. If we order 25% more than the optimal quantity, what is the percentage increase in the total fixed ordering plus inventory carrying cost. You should be using equation (8.159) in this exercise.



May 06, 2022
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