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Question No 1: The following information is known about a group of items. Determine 
  • 1) Annual usage in descending order 
  • 2) Rank 3) Cumulative usage value 
  • 4) % of cumulative usage value 
  • 5) Cumulative percentage of items 
  • 6) ABC category of each item

Question No 2: The demand for an item is 1500 units/ month. The factory can manufacture this item at the rate of 36000 units/year. The setup cost is Rs 500. Holding and shortage cost per month are Rs 0.1 and Rs 20 respectively. Calculate the following 

  • 1) Optimum manufacturing quantity. 
  • 2) The optimum time between orders. 


Read more at https://www.vu-lms.tk/2018/05/mth601-assignment-no-2-solution-and.h...

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Thanks sister

There have been a few mistakes in the Question No.1. I have attached a screenshot of question no.1. You can review it and correct it before uploading.

There have been a few mistakes in the question no.1. I have attached a screenshot of question no.1. You can review it and correct it before uploading.

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