Programme Code : MP Course Code : MS - 51 | More Year : 2014 Views: 643 Submitted By : Priya Kak On 12th March, 2014 Q. (a)Minicomputer Company purchases a component for which it has a steady usage of 1,000 units per year. The ordering cost is Rs. 50 per order. The estimated cost of money invested in inventory is 25 per cent per year. The unit cost of the component is Rs 40. Calculate the optimal ordering policy and total cost of the inventory system, including purchase cost of the components. (b) If, in this, the component supplier agrees to offer price discounts of minimum lot supplies as per schedule given, reassess the decision on the optimal ordering policy and the total cost as before. Lot size (Units)              Price per unit Up to 149                             Rs. 40 150-499                               Rs. 39 500 or more                        Rs. 38 No Answer Found

 Q Five employees of a company are to be assigned to five jobs, which can be done by any of them. The workers get different wages per hour. These are: Rs 5 per hour for A, B, and C each, and Rs 3 per ... Priya Kak    12th March, 2014 Hits: 723