ED 311 Chapter 1: New Text Document
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31 Jul 2019
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Models of inventory systems frequently consider therelationships among a beginning inventory, a production quantity, ademand or sales, and an ending inventory. For a given productionperiod j, let
Sjâ1 | = | beginning inventory for period j (ending inventoryfrom period j â 1, the previous period) | ||||||||||||||||||||||||
xj | = | production quantity in period j | ||||||||||||||||||||||||
dj | = | demand in period j | ||||||||||||||||||||||||
Sj | = | S_j =ending inventory for period j Choose the correct mathematical relationship or model that showsending inventory as a function of beginning inventory, production,and demand.
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