Question & Answer: Describe main principles and general structure of unconstrained optimization algorithms…..

Describe main principles and general structure of unconstrained optimization algorithms. Illustrate relationships between step length and number of iterations in the case of descent algorithm. Define the total cost function for deterministic continuous-review inventory management model. Derive the expression for calculating EOQ^1. Describe. Illustrate the trade-off between holding costs and ordering costs graphically. Calculate EOQ if demand is 100 units, setup cost is 1000 and unit holding cost is 1 and write the answer in the table below.