A fast moving item has a demand of 18000units/year. The cost of one procurement isRs. 50 and inventory carrying or holding costis Rs. 1.20 per unit per year. It is assumed thatsupply is received as soon as the order isplaced and no shortage or stock permitted.Cost of one unit is Rs. 8. Determine :1.EOQ2.number of order per year3 total cost per year

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Answered: A fast moving item has a demand of…

Elements Of Electromagnetics

7th Edition

ISBN:9780190698614

Author:Sadiku, Matthew N. O.

Publisher:Sadiku, Matthew N. O.

ChapterMA: Math Assessment

Section: Chapter Questions

Problem 1.1MA

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An electronics retailer sells laptops at a steady rate of 7,500 per quarter. It costs the manufacturer $350 tomake each laptop, and they charge $400/laptop to the retailer. The manufacturer produces the laptop at asteady rate that matches demand, and incurs a fixed cost of $2,800 to fulfill each retail order. Both theretailer and the manufacturer have an annual holding cost percentage of 20%. The retailer places 10orders with the laptop manufacturer each quarter (which it determined from an EOQ calculation). What quantity discount should the manufacturer offer the retailer in order to minimize the total supplychain costs?
With simple interest, a deposit in a bank will triple in 7 ½ years. Using the same value of interest but compounded monthly, determine how long it will take a deposit to double.
The from-to chart below indicates the number of loads moved per 8-hr day (above the slash) and the distances in ft (below the slash) between departments in a particular factory. Fork lift trucks are used to transport the materials. They move at an average speed = 275 ft>min (loaded) and 350 ft/min (empty). Load handling time (loading plus unloading) per delivery is 1.5 min and anticipated traffic factor = 0.9. Availability = 95% and worker efficiency = 110%. Determine the number of trucks required under each of the following assumptions: (a) the trucks never travel empty; and (b) the trucks travel empty a distance equal to their loaded distance.
The data provided by a company for the year 2020 – 2021 to carry out Break Even Analysis and provide them the results, complete analysis and suggestions. The data is as follows:Building rent 20000 R.O Every month instalments 30000 R.OThe estimated sales are 750000.0 R.OMaterial Cost / unit 15.0 R.OProduction cost / unit 8.0 R. OTransportation & other Costs / unit (Approx) 4.00 R. O Maintenance cost / unit 1.5 R. O Salary of the employees / unit 0.8 R.OMarketing and advertisement cost / unit 0.7 R. OEach unit is sold at price 35.0 R. O Construct the B.E.P chart on a graph sheet and indicate, B.E.P, M.o.S and also indicate the new B.E.P & M.o.S after the improvement measures has been taken (With different colours). Show the calculations for the following parameters separately before and after the measures taken.1. Determine the B.E.P2. Determine the profit 3. Margin of safety.Also write your decisions taken to improve the profits of the company and to reduce the B.E.P.
Suppose that a $100 lump sum amount is invested for 10 years at a nominal interest rate of 6% compounded quarterly. How much is it worth at the end of tenth year?
The maintenance cost for a new heavy-duty diesel engine is P20,000 two years after its purchase, P40,000 at the end of the fourth year and P80,000 at the end of the eighth year. Determine the semi-annual maintenance cost if money is worth 10% compounded annually Please show the cash flow diagram.Thank you very much
A plant produces 300 units of an equipment a month of P3,600 each. A unit sells for P4,800.00. The company has 10,000 shares of stock at P200 par value whose annual dividend is 20%. The fixed cost of production is P120,000 a month. (a) What is the break-even point? (b) What is the"unhealthy point"? (c) What is the profit or loss if production is 60% Of capacity? Ans.(a) 100 units/month, (b) 128 units/month, (c) P62,667 per month
A firm produces two goods the profit obtained after the purchase of each are 10 and 15 monetary units respectively. To produce one unit of good 1 requires 4 hours of man labour and 3 hours of machine work. Each unit of good 2 needs 7 hours of man labour and 6 hours of machine work. The maximum man labour time is 300 hours and for the machine 500 hours. Find the quantities produced of each good which maximizer the profit using the graphical method
A cyclist rides at an average speed of 18 miles per hour. If she wants bike 212 km, how long (in hours) must she ride?
A work group of 5 workers in a certainmonth produced 500 units of output working 8hr/day for 22 days in the month. (a) Whatproductivity measures could be used for thissituation, and what are the values of theirrespective productivity ratios? hint (moth, day,and hours) (b) Suppose that in the next month,the same work group produced 600 units butthere were only 20 workdays in the month.Using the same productivity measures asbefore, determine the productivity index usingthe prior month as a base.
In a process of metal casting, the final product’s volume is 1275 cm3. Casting waste, scrap allowance, and shrinkage allowance are 8%, 12%, and 3.5%, respectively. The metal supplier pays $0.5/kg, irrespective of the type of metal. Determine the material cost, if the following metals are used for casting:a. Aluminum (ρ = 2.7 g/cm3 ; cost = $1.85/kg)b. Grey Iron (ρ = 6.8 g/cm3; cost = $1.38/kg)
A drug store sells 30 bottles of antibiotics per week.Each time it orders antibiotics, there is a fixed ordering costof $10 and a cost of $10/bottle. Assume that the annualholding cost is 20% of the cost of a bottle of antibiotics, andsuppose antibiotics spoil and cannot be sold if they spendmore than one week in inventory. When the drug store placesan order, how many bottles of antibiotics should be ordered?

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