Question

for a component to a vendor and used in the colour television set manufactured by videocon at its aurangabad factory, we have the following situation : simulation useful in inventory management?
11. Enumerate the three points to be kept in mind by
production and inventory planners to reduce demand
uncertainty.
12. Briefly explain (a) continuous and periodic review
policies and (b) centralized versus decentralized
systems.
Yearly demand
9,00,000 units
Purchase quantity
2,00,000 units
Safety stock
30,000 units
The ordering cost, independent of purchase quantity,
is 1000 for each purchase. The (purchase) price of
the component is 200/unit. Annual holding cost
is 25% of the value of the component (inventory
interest rate 25%). Assuming 225 working days per
year, calculate:
(a) The number of purchases during a year
(b) Average inventory level (including the safety
stock)
(c) Inventory turnover
(d) Average days of supply in inventory (known as
cover time)
(e) Reorder point if the lead time is 10 working days
(f) Total inventory costs per year and total inventory
costs per working day with purchase quantity
2,00,000 units
(g) Economic order quantity (EOQ)
(h) Total inventory costs per year and total inventory
costs per working day with EOQ and with a
safety stock decreased to 4000 units.
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Answer 1

There are two types of twins – identical (monozygotic) and fraternal (dizygotic). To form identical twins, one fertilised egg (ovum) splits and develops two babies with exactly the same genetic information. ... Twins are more or less equally likely to be female or male.