BIM302-Operations Planning and Scheduling

Problem 1: 

A company makes TV. Data collected from the company regarding this item is as follows: 

Weekly demand = 240 units

No. of weeks per year = 52

Ordering cost = 50$

Annual carrying charge = 3

1.Calculate the EOQ: 

2.Compute the annual ordering cost

3.Compute the annual carrying cost

4.Compute total cost. 

5.The number of orders per year.

6.Cycle time between orders.

Problem 2: 

Given a data set relating sales and promotions:

a)Forecast the level of sales in year 8. 

Choose one of these topics: 

a.The importance of inventory management, effective tools and methods

b.The importance of forecasting management, effective tools and methods