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    MFS Unit No 4 Numerical Final

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    The document provides information on least squares regression analysis, inventory models, moving average forecasting, and machine scheduling problems. It includes examples of using least squares regression to fit lines to sales data and forecast future values. It also gives examples of calculating economic order quantity, optimal number of orders, and minimum inventory costs for different inventory scenarios. Moving average forecasting examples are provided using 3 and 5 period weighted averages. Finally, it presents two examples of machine scheduling problems to minimize total processing time by determining the optimal job sequence.

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    MFS Unit No 4 Numerical Final

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    44 views2 pages
    The document provides information on least squares regression analysis, inventory models, moving average forecasting, and machine scheduling problems. It includes examples of using least squares regression to fit lines to sales data and forecast future values. It also gives examples of calculating economic order quantity, optimal number of orders, and minimum inventory costs for different inventory scenarios. Moving average forecasting examples are provided using 3 and 5 period weighted averages. Finally, it presents two examples of machine scheduling problems to minimize total processing time by determining the optimal job sequence.

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    The document provides information on least squares regression analysis, inventory models, moving average forecasting, and machine scheduling problems. It includes examples of using least squares regression to fit lines to sales data and forecast future values. It also gives examples of calculating economic order quantity, optimal number of orders, and minimum inventory costs for different inventory scenarios. Moving average forecasting examples are provided using 3 and 5 period weighted averages. Finally, it presents two examples of machine scheduling problems to minimize total processing time by determining the optimal job sequence.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    44 views2 pages

    MFS Unit No 4 Numerical Final

    Uploaded by

    cpt.ghost
    The document provides information on least squares regression analysis, inventory models, moving average forecasting, and machine scheduling problems. It includes examples of using least squares regression to fit lines to sales data and forecast future values. It also gives examples of calculating economic order quantity, optimal number of orders, and minimum inventory costs for different inventory scenarios. Moving average forecasting examples are provided using 3 and 5 period weighted averages. Finally, it presents two examples of machine scheduling problems to minimize total processing time by determining the optimal job sequence.

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    Unit no:- 4 Numerical

    LEAST SQUARE METHOD ( Regression Analysis)


    1. The past data regarding the sales of SPMS for the last five years is given. Using the least
    square method, fit a straight line, Estimate the sales for for the year 1996 and 1997
    Year 1991 1992 1993 1994 1995
    Sales (‘00) 35 56 79 80 40

    2. The sales for the domestic water pumps manufactured by Ajit manufacturing company is
    given forecast the demand for the pumps for the next three years using least square
    method.
    Year 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995
    Sales 30 33 37 39 42 46 48 50 55 58
    (‘000)

    3. The following data gives the sales of the company for various years. Fit the straight line
    and forecast the sales for year 1998 and 1999.
    Year 1989 1990 1991 1992 1993 1994 1995 1996 1997
    Sales (000) 13 20 20 28 30 32 33 38 43

    INVENTORY MODELS
    4. ABC corporation has got a demand for particular part at 10,000 units per year. The cost per
    unit is Rs. 2 and it costs Rs. 36 to place an order and to process the delivery. The inventory
    carrying cost is estimated at 9 per cent of average inventory investment. Determine:
    i) Economic order quantity.
    ii) Optimum number of orders to be placed per annum.
    iii) Minimum total cost of inventory per annum.

    5. A manufacturer has to supply his customers 3600 units of his product per year. Shortages
    are not permitted. Inventory carrying cost amounts Rs. 1.2 per unit per annum. The set-up
    cost per run is Rs. 80. Find:
    i) Economic order quantity.
    ii) Optimum number of orders per annum.
    iii) Average annual inventory cost (minimum).
    iv) Optimum period of supply per optimum order.

    6. Usha corporation currently practices the following system for the procurement of an item.
    No. of orders placed in a year = 8, ordering cost = Rs. 750/order, each time order quantity
    = 250, Carrying cost = 40 percent. Comment on the ordering policy of the company and
    estimate the loss to the company in not practicing scientific inventory policy.
    Moving Average (MA) Forecasting

    7. The past data on the load on the weaving machine is shown below:
    Month Load
    May-96 -
    June-96 585
    July-96 610
    Aug-96 675
    Sep-96 750
    Oct-96 860
    Nov-96 970
    (a) Compute the load on the weaving machine centre using 5 th moving average for
    the month of December 1996.
    (b) Compute a weighted three months average for December, 1996 where the weights
    are 0.5 for the month, 0.3 and 0.2 for the other months respectively.

    Machine problem

    8. There are five jobs each of which must go through machine A, B and C in the order
    ABC processing times are given in table:
    Job Processing times
    A1 B2 C3
    1 8 5 4
    2 10 6 9
    3 6 2 8
    4 7 3 6
    5 11 4 5
    Determine a sequence for five jobs that will minimize the elapsed time T.

    9. A machine operator has to perform two operation, turning and threading on a number
    of different jobs. The time required to perform these operation (in min) for each job is
    known. Determine the order in which the jobs should be processed in order to
    minimize the total time required to turn out all the jobs.
    Job Time for turning(Min) Time for threading (min)
    1 3 8
    2 12 10
    3 5 9
    4 2 6
    5 9 3
    6 11 1

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