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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:
|
Year |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
|
|
|
Sales |
74 |
79 |
80 |
90 |
105 |
142 |
122 |
|
|
|
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
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