Objectives_template

Module 9:Application of stochastic processes in areas like manufacturing

Lecture 34:Profit Maximization in Manufacturing Process

	Contd... Figure 9.4: Ordering time periods are different, quantum of ordering is the same, lead time is stochastic, base stock level is defined Figure 9.5: Ordering time periods are different, quantum of ordering is different, lead time is stochastic, base stock level is defined