Consider the following data for a product:
Demand $$=1000$$ units/year
Order cost $$=$$ Rs.$$40$$/order
Holding cost $$ = 10\% $$ of the unit cost / unit-year
Unit cost $$=$$ Rs.$$500$$

(a) What is the economic order quantity?
(b) Under the $$EOQ$$ what is the number of annual orders?
(c) With a policy of ordering every month what would be the total annual cost as a percentage of the cost at $$EOQ$$?

In $$PERT,$$ the distribution of activity times is assumed to be

A project with the following data is to be implemented:

(a) What is the minimum duration of the project?
(b) Draw a Gantt chart for the early schedule
(c) Determine the peak requirement of money and the day on which it occurs in above schedule.

On the average $$100$$ customers arrive at a place each hour, and on the average the server can process $$120$$ customers per hour. What is the proportion of time the server is idle?