b)A company requires 10000 units of an item per annum. The cost
of ordering is rs.100 per order. The inventory carrying cost is 20%.
The unit price of the item is Rs.10. Calculate a) the economic
order quantity b) Optimal total annual cost c) time between the
orders.
3. a) What is aggregate planning? What are the different approaches
to aggregate planning? Explain.
b) The precedence and the time requirements for each element are
shown in table. The line operates for 7 hrs per day and an output
of 550 units per day is desired.
i) Draw the precedence diagram for the production process.
Work A B C D E F G
element
Precedence - A B C C D,E F
Bomb 1 2 3 4 5
b)A company requires 10000 units of an item per annum. The cost
of ordering is rs.100 per order. The inventory carrying cost is 20%.
The unit price of the item is Rs.10. Calculate a) the economic
order quantity b) Optimal total annual cost c) time between the
orders.
3. a) What is aggregate planning? What are the different approaches
to aggregate planning? Explain.
b) The precedence and the time requirements for each element are
shown in table. The line operates for 7 hrs per day and an output
of 550 units per day is desired.
i) Draw the precedence diagram for the production process.
Work A B C D E F G
element
Precedence - A B C C D,E F
Bomb 1 2 3 4 5