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Using the martingale method of forecast evolution (MMFE) of heath and Jackson and obtain a formula for the mean and variance of the lead time demand and apply these formulas to specific demand models. The Martingale Method of Forecast Evolutions…

From the (Q, r) model… How can find a cost upper bound on an optimal (Q, r) policy? Using the data from the table above, do I have sufficient information to compute the cost function? If it is possible, how…