Consider the demand for four periods (in man hours) 300, 320, 400, 360. Production cost is Rs 10 and set up cost is Rs 1000. Inventory cost is Re 1 per unit/month. Backorder cost is Re 1/month? Find the production quantities that minimize total cost usingWagner Whitin algorithm? Solve it without using Backorder cost and comment on the total cost after including backorder cost comparatively

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Consider the demand for four periods (in man hours) 300, 320, 400, 360. Production cost is Rs 10 and set up cost is Rs 1000. Inventory cost is Re 1 per unit/month. Backorder cost is Re 1/month? Find the production quantities that minimize total cost usingWagner Whitin algorithm? Solve it without using Backorder cost and comment on the total cost after including backorder cost comparatively

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Observe the table and answer the following questions:

Price of 'X' in Rs. Quantity demanded of 'X' in kgs Quantity supplied of 'X' in kgs Relation between Demand (DD) and Supply (SS)

50 100 500 DD < SS

40 200 400 DD < SS

30 300 300 DD = SS

20 400 200 DD > SS

10 500 100 DD > SS

When the quantity supplied is more than the quantity demanded of commodity 'X', there is ____________ pressure on price. (upward, downward)

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