MTH601 Assignment Solution 2023 updated with vu sawaira shine

 

MTH601 Assignment Solution 2023 updated

Fall 2023    MTH601: Operations Research Assignment No. 1 (Lectures # 10 to 15)      Total Marks:10 Due Date: November 29, 2023  

 

Section Incharge: Irfan Ullah 

 

Please read the following instructions carefully before attempting the solution of this assignment: (1) To solve this assignment, you should have good command over 10 to 15 lectures.  (2) Try to consolidate your concepts that you learn in the lectures with these questions. (3) Upload your assignment properly through VULMS. No Assignment will be accepted through emails. (4) First of all, you should download the uploaded question file. Next, you will prepare the solution of assignment on Word file. Finally, submit your own solution file in VULMS.  Understand the problem then solve it according to the statements (requirements) of the questions.  If you do not solve the questions by the method that is asked (required) in the problems then the marks will be deducted (or could be zero). (5) Do not use colorful backgrounds in your solution files.  All the students are directed to use the font and style of text as is used in this document i.e. the font size/style should be preferably 12 Times New Roman with black font color.  The assignments should be zoomed in at 100%. (6) Use MathType or Equation Editor etc. for writing the proper mathematical symbols/expressions and equations.  In MS-Word, to type an equation from scratch, press Alt += on your keyboard or choose Insert --> Equation and select Insert New Equation from the bottom of the built in equation gallery. This inserts an equation placeholder where you can type your equation. It is recommended to visit the following link for more detail:  https://support.microsoft.com/en-us/office/write-an-equation-or-formula-1d01cabc-ceb1458d-bc70-7f9737722702#ID0EAACAAA=Write_new_equation  Remember that you are supposed to submit your assignment only in the MS-Word format, any other format like scanned, images, PDF, MS-Excel, HTML etc. will not be accepted. (7) Plagiarism in the submitted assignment will lead to a zero grade. (8) Corrupt files will be given zero marks. (9) This is an individual assignment (not a group assignment). So keep in mind that you are supposed to submit your own, self-made and different assignments even if you discuss the questions with your class fellows. All the similar assignments (even with some meaningless modifications) will be awarded zero marks and no excuse will be accepted. This is your responsibility to keep your assignment safe from others. Furthermore, if any student submits a solution file that is not relevant to their section, they will receive a zero grade. 

  Up to 50% marks might be deducted for those assignments which are received after the due date.  

Question: 1                           Marks: 05 You are responsible for managing the inventory of a popular product in your store. The demand rate for this product is 18,000 units per year. The ordering cost is Rs. 120 per order, and the holding cost is Rs. 2.00 per item per month. Your goal is to determine the optimal order quantity and related parameters. Using the Economic Order Quantity (EOQ) model, calculate the Optimal Annual Cost if the cost of the item is Rs. 8.00 per unit. Solution:         

 

Type your solution here 

 

 

 

 

Question: 2                          Marks: 05 The demand for a product in your company is 20,000 units per year. The production capacity is 2,500 units per month. The cost of setting up the production line is Rs. 600, and the holding cost is Rs. 0.20 per unit per month. Additionally, the item has a selling price of Rs. 3 per unit. Determine the following: (a) The Time Between Orders. (b) The Time of Manufacture. Solution:       Type your solution here 

 

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Mth601 Assignment Solution 2023 Updated

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