Consider the inventory simulation of Sec. 1.5.
(a) For this model with these parameters, there can never be more than one order outstanding (i.e., previously ordered but not yet delivered) at a time. Why?
(b) Describe specifically what changes would have to be made if the delivery lag were uniformly distributed between 0.5 and 6.0 months (rather than between 0.5 and 1.0 month); no other changes to the model are being considered. Should ordering decisions be based only on the inventory level I(t)?
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