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1.4.1 Numerical Examples

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This Numerical Example to illustrate the above Mathematical model.

Parameters 1: k1 = $105, H = $.06, d = 29 units per day L = 29 days. Optimal solutions Y* = 346.41, N = 2.64, LE = −0.02 days, LeD = −0.6, The everyday Inventory price related with the Expected Inventory scheme is TCU(y) = 19.12.

Parameters 2: k1 = $52, H = $.04, d = 20 units per day L = 29 days. Optimal solutions Y* = 228.04, N= 3.67, LE = 0.007 days, LeD = 0.203., The everyday Inventory price related with the Expected Inventory scheme is TCU(y) = 9.12.

Parameters 3: k1 = $98, H = $.02, d = 41 units per day L = 29 days. Optimal solutions Y* = 633.88, N = 1.88, LE = −0.06 days, LeD = −2.46, The everyday Inventory price related with the Expected Inventory scheme is TCU(y) = 12.81.

Parameters 4: k1 = $104, H = $.03, d=22 units per day L = 29 days. Optimal solutions Y* = 372.38, N = 1.71, LE = 0.05 days, LeD = 1.1, The everyday Inventory price related with the Expected Inventory scheme is TCU(Y) = 11.73.

Mathematics in Computational Science and Engineering

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