12 Questions
What policy does the company use to decide how much to order?
(s,S) policy
What are the times between demands described as in the problem statement?
Exponential random variables
What is the size of the demands described as in the problem statement?
Bernoulli random variables
How is the delivery lag described in the problem statement?
Uniformly distributed random variable
What is the cost of Z items described as in the problem statement?
$K+iZ$
What kind of random variables are used to represent the size of the demands in the problem statement?
Discrete random variables
What kind of random variables are used to represent the times between demands?
Exponential random variables
What is the size of the demands described as in the problem statement?
IID random variables with D=1
What policy does the company use to decide how much to order?
(s,S) policy
How is the delivery lag described in the problem statement?
Uniform distribution
What are the times between demands described as in the problem statement?
Exponential random variables
How is the cost of Z items described in the problem statement?
$K+iZ$
Learn about simulating an inventory system with this quiz. Covering formalisms, basic system specifications and the problem statement, this quiz is designed to test your understanding of inventory management simulations.
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