IOE 202 Study Guide - Final Guide: Markov Chain, Pennsylvania Railroad Class Gg1, Phthalocyanine Blue Bn
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T- if a b then aaa a, we have a b. F- the optimization problem min f(x) = x^2: x r does not have an optimal solution. F- the eoq model only works in continuously- reviewed inventory systems. F- the eoq with backorder model is appropriate for security-related goods such as ammunition at a police station. T- the economic order quantity q* given lead time (t>0)) does not depends on the lead time t. T- in the newsvendor model, if the unit underage cost and the unit overage cost are equal, then the optimal order quantity is the median demand. (the median of a distribution, m, is such that. Note that if the pdf of x is symmetric, m=e(x)). F- in the newsvendor model, the overage case is when the decision is less than the randomness. T- if an n-dimensional linear program has an optimal solution, then there must be an optimal solution which has at least n tight constraints.