Industrial Engi...

Find the economic order quantity for annual demand of an item to be 6000 units, item cost per unit as Rs. 500, ordering cost per purchase order is Rs. 1000 and cost of holding the inventory per unit per year is Rs. 48.

The daily newspaper demand has the following distribution:

The newspaper boy buys the paper for Rs. 2 and sells for Rs. 5 and cannot return unsold newspapers. The number of newspaper that should be ordered each day are _______ 

Annual demand = 1000 units, Order Quantity = 300 units and  Safety stock = 40 units. The number of times inventory is turned over per year is__

For an item, the annual demand is 15,000 units. The unit cost is Rs. 100 and the inventory carrying charges are 16.25% of the unit cost per annum. For one procurement, the cost is Rs. 3000. To meet the demand, time between two consecutive orders (in months) is________

The demand of an item is 18000 units per year. The setup cost is Rs. 400 and made the holding cost is Rs. 1.20. If shortage cost is Rs. 5

Determine Inventory cost in Rs.___

Process X has a fixed cost of Rs. 30,000 per month and a variable cost of Rs. 8 per unit. Process Y has a fixed cost of Rs. 12,000 per month and a variable cost of Rs. 17 per unit. At which value, total cost of processes X and Y will be equal?

A company supplies a product to another company which has an annual demand of 10,000 units. The ordering cost is Rs. 15, the product cost is Rs. 22 per unit and inventory carrying cost is 20  % value of inventory per year. There is also possibility of back order and the annual back-ordering cost is 25 % of value of inventory. The maximum inventory level at any time of year is ______

The maintenance department of a large hospital uses about 816 cases of liquid cleaner annually. Ordering costs are Rs. 12, carrying costs are Rs. 4 per case a year & the new price schedule indicates that orders of less than 50 cases will cost Rs. 20 per case, 50 to 79 cases will cost Rs. 18 per case, 80 to 99 cases will cost Rs. 17 per case & larger orders will cost Rs. 16 per case. Determine optimal order quantity?

Find the optimum order quantity for a product for which the price breaks are as follows:

The cost of placing order is Rs. 5, storage cost is 10 % per year and there is demand of 1600 units per year. ______