Suppose that in the inventory problem, the storage cost depends on the maximum inventory size, rather than the average. This would be more realistic if, for example, the company had to build a warehouse large enough to hold the maxi- mum inventory, and the cost of storage was the same no matter how full or empty the warehouse was. Show that in this case the number of units that should be ordered or manufactured to minimize the total cost is q= âfM/k

Suppose that in the inventory problem, the storage cost depends on the maximum inventory size, rather than the average. This would be more realistic if, for example, the company had to build a warehouse large enough to hold the maxi- mum inventory, and the cost of storage was the same no matter how full or empty the warehouse was. Show that in this case the number of units that should be ordered or manufactured to minimize the total cost is q= âfM/k

Step-by-step explanation:

Suppose that in the inventory problem, the storage cost depends on the maximum inventory size, rather than the average. This would be more realistic if, for example, the company had to build a warehouse large enough to hold the maxi- mum inventory, and the cost of storage was the same no matter how full or empty the warehouse was. Show that in this case the number of units that should be ordered or manufactured to minimize the total cost is q= âfM/k

answer:   35 % is the probability of a late departure or an early arrival.

step-by-step explanation:

let l represents the late departure and e represents the early departure.

then, according to the question,

p(l) = 12 %,   p(e) = 27 % and = 4 %

and, we have to find out,

but, we know that,

which is the required equation that will use to find the probability of a late departure or an early departure.

therefore,   the probability of a late departure or an early arrival =   35 %