Fall 2024 MTH601: Operations Research
Assignment No. 1 (Lecture # 10 to 14) Total Marks: 10
Due Date: Wednesday, November 25, 2024.
Please read the following instructions carefully before attempting the solution of this
assignment:
(1) To solve this assignment, you should have good command over 10 to 14 lectures.
(2) Try to consolidate your concepts that you learn in the lectures with these
questions.
(3) Upload your assignment properly through VULMS. No Assignment will be
accepted through emails.
(4) First of all, you should download the uploaded question file.
Next, solve the given questions (i.e. type the solution) on it.
Finally, submit your own solution file in VULMS.
Understand the problem then solve it according to the
statements (requirements) of the questions.
If you do not solve the questions by the method that is asked
(required) in the problems then the marks will be deducted (or
could be zero).
(5) Do not use colorful backgrounds in your solution files.
All the students are directed to use the font and style of text as is used in this
document i.e. the font size/style should be preferably 12 Times New Roman with
black font color.
The assignments should be zoomed in at 100%.
(6) Use MathType or Equation Editor etc. for writing the proper mathematical
symbols/expressions and equations.
In MS-Word, to type an equation from scratch, press Alt += on your keyboard or
choose Insert --> Equation and select Insert New Equation from the bottom of
the built in equation gallery. This inserts an equation placeholder where you can
type your equation. It is recommended to visit the following link for more detail:
https://support.microsoft.com/en-us/office/write-an-equation-or-formula-
1d01cabc-ceb1-458d-bc70-7f9737722702#ID0EAACAAA=Write_new_equation
Remember that you are supposed to submit your assignment only in the MS-Word
format, any other format like scanned, images, PDF, MS-Excel, HTML etc. will
not be accepted.
Corrupt files will be given zero marks.
(7) This is an individual assignment (not a group assignment). So keep in mind that
you are supposed to submit your own, self-made and different assignments even if
you discuss the questions with your class fellows. All the similar assignments
(even with some meaningless modifications) will be awarded zero marks and no
excuse will be accepted. This is your responsibility to keep your assignment safe
from others.
Up to 50% marks might be deducted for those assignments which
are received after the due date.
Question: 1 Marks: 05
A company has to supply 1000 items per month at uniform rate and each time a
production run is started it costs Rs.200. Cost of storing is Rs.20 per item per month. The
number of items to be produced per run must be ascertained. Determine the total set-up
cost and the average inventory cost if the run size is 500,600,700,800. Find the optimal
production run size.
Question: 2 Marks: 05
In a central grain store, it takes about 15 days to get the stock after placing the order and
daily 500 tons are dispatched to neighboring markets. On an ad-hoc basis safety stock is
assumed to be 10 days stock. Calculate the recorder point.
