Question: a . Give four differences between CPM and PERT. b . XYZ Inc. has two factories with weekly production rates of 4 0 and 2
a Give four differences between CPM and PERT.
b XYZ Inc. has two factories with weekly production rates of and widgets. These
widgets must be shipped to three warehouses that have a demand of and units.
The cost to ship between each location is known see the table below
Which industry should produce and ship how many widgets to which warehouses to meet
demand at each location with minimal cost? Use the NorthWest Corner Method to
determine the minimal cost.
c Define the following terms as used in inventory control.
i Economic Order Quantity
ii Annual Ordering cost
iii. Order cycle
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d A manufacturer has to supply his customers with units of his production per year.
The inventory carrying cost amounts to $ per unit. The setup cost per run is $
Find the EOQ and the total cost of inventory per year.
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