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Inventory models deal with the problem of determination of how much to order at a point in time and when to place an order. The main objective is to minimize the sum of three conflicting inventory costs. the cost of holding or carrying extra inventory the cost of shortage or delay in the delivery of items when it is needed a cost of ordering or setup. These are also useful in dealing with quantity discounts and selective inventory control.
example exercises of these
six operators are to be assigned to the 5 jobs with the cost of assignments
It can be seen from the optimal solution for the foundry problem that two resources, raw material-1 and labor, are exhausted whereas the other two resources, raw materi
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
Demerits a.It cannot be used in the case of bi variate distribution. b.If the numbers of items are greater than say 30, the calculation becomes tedious and requ
One Sample Tests The one sample test is applied to a situation where only a single sample ( one sample) is taken from a population in this test the researcher may be tak
1. Determination to enter a new territories. 2. To decide to enter a new market or not. 3. To determine how much production capacity to be builds up. 4. Helpful in
ONE SAMPLE RUNS TEST A number of methods have been developed fro judging the randomness of samples on the basis of the order in which teh observations are taken. It is
Select one of the topics listed 1-6 below and outline a programme of quantitative research for its investigation. The assignment should cover issues of sample design, instrumen
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