review and summarized all papers included in the reference section of the selected paper.Submit and present a formal report that includes the following components.1- Abstract

Homework 1 : (Literature)you are required to work on a practical optimization problem (one of the existing models published in a recently published paper) that is modeled by the techniques covered in this course: LP, IP, GP, inventory, simulation, and networks. Examples of such problems include, but are not limited to, the following:• Oil & petrochemical production• Transportation/transshipment• Inventory & production control• Scheduling: machines & employees• Facility layout & location• Supply chain management• Vehicle routing problem You are required to review and summarized all papers included in the reference section of the selected paper.Submit and present a formal report that includes the following components.1- Abstract (summary)2- Literature review 3- References.

Literature Review

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Guria, A., Das, B., Mondal, S., & Maiti, M. (2013). Inventory policy for an item with inflation induced purchasing price, selling price and demand with immediate part payment. Applied Mathematical Modelling, 37(1), 240-257.

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