In a EOQ calculation, the estimated and actual parameter values are given in Table 1. What is the
error in the EOQ calulation {error= (Qestimated - Qactual / Qactual }. (round your answer to two
decimal without the percentage sign e.g, enter 10.12 if your answer is 10.12 %
A published solution is not available for this question yet.
Match the following columns by selecting the correct name from Column B for the labels in
column A which are depicted in the ‘**Figure: EOQ model**’ below:
Ramu puts up a stall for Diwali Light (Diya) every year. He builds a Diya at a cost of Rs. 1 and earns
Rs.2 by selling each Diya. Any Diya not sold by Diwali will be discounted to 50 Paisa. From his
experience, Ramu knows that the demand is Uniformly Distributed within [800, 1000] units. Then
answer the given subquestions:
What is the Critical Ratio?
Round the answer to two decimal
A published solution is not available for this question yet.
Ramu puts up a stall for Diwali Light (Diya) every year. He builds a Diya at a cost of Rs. 1 and earns
Rs.2 by selling each Diya. Any Diya not sold by Diwali will be discounted to 50 Paisa. From his
experience, Ramu knows that the demand is Uniformly Distributed within [800, 1000] units. Then
answer the given subquestions:
What is the optimal order quantity that minimizes Ramu’s total cost?
A published solution is not available for this question yet.
Ramu puts up a stall for Diwali Light (Diya) every year. He builds a Diya at a cost of Rs. 1 and earns
Rs.2 by selling each Diya. Any Diya not sold by Diwali will be discounted to 50 Paisa. From his
experience, Ramu knows that the demand is Uniformly Distributed within [800, 1000] units. Then
answer the given subquestions:
If the cost of overstocking is less than the cost of understocking , where will the optimal order
quantity lies in the interval [800, 1000 ] Units ?
6406532311794.
Toward left of the mean of uniform distribution [800,1000]
6406532311795.
At the mean of uniform distribution [800,1000]
6406532311796.
Towards right of the mean of uniform distribution [800,1000]
A published solution is not available for this question yet.
Slipline Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the
market. Placing an order costs Rs. 150 to Slipline Co. and the inventory carrying charges work out
to 20% of the unit ribbon cost per year . Calculate the given subquestions:
What should be the order quantity which minimizes the total cost to Slipline Co.
A published solution is not available for this question yet.
Slipline Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the
market. Placing an order costs Rs. 150 to Slipline Co. and the inventory carrying charges work out
to 20% of the unit ribbon cost per year . Calculate the given subquestions:
What is the number of orders per year?
A published solution is not available for this question yet.
Slipline Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the
market. Placing an order costs Rs. 150 to Slipline Co. and the inventory carrying charges work out
to 20% of the unit ribbon cost per year . Calculate the given subquestions:
What is the annual order cost?
A published solution is not available for this question yet.
Slipline Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the
market. Placing an order costs Rs. 150 to Slipline Co. and the inventory carrying charges work out
to 20% of the unit ribbon cost per year . Calculate the given subquestions:
What is the average inventory in the system?
A published solution is not available for this question yet.
Slipline Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the
market. Placing an order costs Rs. 150 to Slipline Co. and the inventory carrying charges work out
to 20% of the unit ribbon cost per year . Calculate the given subquestions:
What is the annual inventory carrying cost?
A published solution is not available for this question yet.
