extras Flashcards
1
Q
what is the CDF of a uniform distribution?
A
F(Q) = (Q-a)/(b-a)
2
Q
what is the formula for how many times you should reorder in EOQ?
A
D/Q (ensure D is annual demand, so check units)
3
Q
what’s the average inventory in the (s,Q) model?
A
Q/2 + ss
4
Q
what is safety stock in (s,Q)?
A
avg demand + safety stock, or Zbeta*sdL – for 1 region, can use the centralised ss formula and have K = 1.
