Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a) Given the following Table: Name A B D E F | G H I J Activities 1-2 1-3 1-4 2-5 3-5 3-6 3-7

image text in transcribed

a) Given the following Table: Name A B D E F | G H I J Activities 1-2 1-3 1-4 2-5 3-5 3-6 3-7 4-6 5-7 6-8 7-8 Node Duration Days 2 7 8 3 9 10 4 60 2 5 9 i) Set up a network diagram. [4 Marks] ii) Derive the Earliest start and earliest finish times. [4 Marks] iii) Compute the Latest start and latest finish times. [4 Marks] b) Easton Electronics Co produces 2000 TV sets in a year for which it needs an equal number of tubes of a certain type. Each tube costs Ksh. 100 and the cost to hold a tube in a stock for a year is Ksh. 24. Besides the cost of placing an order is Ksh 1,500, which is not related to its size. Now if an order for 2000 tubes is placed, only one order per annum is required. When 1000 units are ordered for, two orders in a year are needed, while if 500 units are needed are ordered to be supplied, then a total of four orders per annum are required. i) Compute the total annual ordering cost. [4 Marks] ii) Derive the total annual holding cost. [4 Marks] iii) Calculate the total annual inventory cost. [5 Marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

a Setting up the network diagram and deriving the earliest start earliest finish latest start and la... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Economics questions

Question

Outline what an income statement tells us about a company.

Answered: 1 week ago

Question

Summarize the findings of psychotherapy efficacy studies.

Answered: 1 week ago