Write short notes on :

$($a$)$ Safety stock

$($b$)$ Service level

$($c$)$ KANBAN.

Explain the ISO quality certifications and types.

A manufacturer has to supply his customer with

$600$ units of his product per year. Shortages are

not allowed and storage cost amounts to $60$ paise

per unit per year. The set up cost is Rs$.80.$ Find:

$($a$)$ EOQ

$($b$)$ Minimum average yearly cost

$($c$)$ Optimum number of order per day

$($d$)$ Optimum period of supply per optimum

order.

A PC manufacturer intent to buy a printed circuit

Board Manufacturing unit which can produce

$1,00,000$ PCBS per year. The PCB manufacturing

circuit is part of the PC manufacturing line. The

system efficiency of the PC manufacturing line is

$90\%.$ Identify the required capacity. If the

efficiency of the PC manufacturing line is $80\%,$

what will be the required capacity?