OPERATIONS RESEARCH

Note: Check the doc for question 1 and 21. Solve the game with the following pay-off matrix. (5 marks)2. Solve the following game (clearly show all the steps).   (10 marks)3. A manufacturer uses Shs.N worth of an item during the year. Manufacturer estimated the ordering cost as Shs. 50 per order and holding costs as 12.5% of average inventory value. The total cost is estimated as Shs. 500. Find the;i) Value of N. (4 marks)ii) Optimal order size. (3 marks)iii) Number of orders per year. (2 marks)iv) Time period per order. (2 marks)

 

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