Consider the eoq with backlogged demand model if the, Operation Management

Consider the eoq with backlogged demand model if the

Consider the EOQ with backlogged demand model. If the optimal policy is used, determine the following in terms of K,c,λ,h,l, and Q∗ only:

(a) The average time that a demand waits to be ?lled. [Including demands that are ?lled instantaneously.]

(b) The average time that a part spends in on-hand inventory. [Including parts that spend time 0 in on-hand inventory.]

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