MGT613 Assignment 2 Fall 2023 – Assignments – Solution VU
PRODUCTION/OPERATIONS MANAGEMENT (MGT613)
Due Date: February 10, 2023
Dildar Limited is a private company that deals in the selling of electric cable coils. The company expects to sell around 4,600 coils of cable in the upcoming year. The annual carrying cost is Rs 32 per coil and ordering cost is Rs 800 per coil. The distributor operates around 288 days a year.
A. What is EOQ? (Marks: 3)
B. How many times per year does the store reorder?(Marks: 3)
C. What is the total annual cost if the EOQ quantity is ordered?(Marks: 4)
Note: Do mention the formulas along with calculations to get good grades.
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