Inventory control problem: Difference between revisions

Revision as of 01:00, 2 March 2009

Revision as of 02:55, 3 May 2009

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:<math> \sum_{k=0}^{\infty} c_k </math>.

Many other features can be added to the model, including multiple products, denoted <math>x_{ik}</math>, upper bounds on inventory and so on.

==Mathematics and Judgement: The Best of Both Worlds==

And this is of course what is recommended, that an enterprise use both the judgment and experience of the business person and the most relevant equations and data.