Global Logistics Jindal School of Banking and Finance November 2023 The assignment comprises of two

Global Logistics
Jindal School of Banking and Finance
November 2023
The assignment comprises of two questions with various sub-parts. You are required to submit your answers for every question. The submission for all questions should comprise of explanation of your workings and managerial implications of the model. Mention and justify any assumptions you consider. Excel solutions must be submitted as well wherever needed. Please combine all solutions in one excel file.
1. The manager at ChocolateFactoryCo has hired you as a business analyst to improve overall operations. Their primary motive is to plan the replacement policy for the chocolate-making machine. The current machine is 3-years old, and it must be replaced when it becomes 6-years old. The cost of a new machine is Rs. 80,00,000. The following table provides revenue, operation cost and salvage values of the machine,
Age Revenue (in Rs) Operating cost (in Rs) Salvage value (in Rs)
0 1600000 16000 _
1 1520000 48000 6400000
2 1480000 96000 4800000
3 1376000 120000 4000000
4 1240000 136000 2400000
5 1120000 144000 800000
6 976000 176000 400000
Determine the optimal replacement policy for the current 3-year-old machine. Assume the firm has space to only keep one machine at a time and will not keep two machines.
2. You are hired as a data analyst by a leading quick commerce firm. As an initial project, you are specifically tasked to improve the inventory ordering system of a certain popular product at their flagship store in Connaught Place, Delhi. The first thing you do is analyse the historical data of demand of the product at the given store. Based on your analysis, you predict the demand for the next 6 months as,
Month Demand
1 100
2 200
3 100
4 300
5 200
6 300
The next set of data you gather is different set of costs and prices of the product displayed in table below,
Selling price (in Rs) 1000
Ordering cost (in Rs) 500
Holding cost (in Rs) 200
Penalty cost (in Rs) 200
Maximum order amount 300
Penalty cost is incurred on demand lost and the orders can only be placed in batch of 100 units.
i. Given the demand to be known and deterministic, how much units should the firm order in the next 6 months? Use an appropriate optimization model. ii. The operations team has come up with multiple suggestions,
a. Demand in last month is predicted to be 100 instead of 300.
b. Selling price might be adjusted by 10% for the next 6 months
c. Holding cost might increase by 20%
d. Ordering cost be reduced by 30%
Apply each of their suggestions separately in the model developed in part 1.
Comment on the findings while applying every suggestion.
iii. The head of forecasting and estimation suggests you assume demand to be an uncertain parameter by assuming it to be a distribution. Solve the problem as a dynamic programming problem considering demand per month follows a probability distribution as,
Demand Probability
0 0.3
200 0.7
Compare the solutions in part 3 with part 1. Describe the policy decision-making process in both cases and discuss your findings.


Best Custom Essay Writing Services

Looking for unparalleled custom paper writing services? Our team of experienced professionals at is here to provide you with top-notch assistance that caters to your unique needs.

We understand the importance of producing original, high-quality papers that reflect your personal voice and meet the rigorous standards of academia. That’s why we assure you that our work is completely plagiarism-free—we craft bespoke solutions tailored exclusively for you.

Why Choose

  • Our papers are 100% original, custom-written from scratch.
  • We’re here to support you around the clock, any day of the year.
  • You’ll find our prices competitive and reasonable.
  • We handle papers across all subjects, regardless of urgency or difficulty.
  • Need a paper urgently? We can deliver within 6 hours!
  • Relax with our on-time delivery commitment.
  • We offer money-back and privacy guarantees to ensure your satisfaction and confidentiality.
  • Benefit from unlimited amendments upon request to get the paper you envisioned.
  • We pledge our dedication to meeting your expectations and achieving the grade you deserve.

Our Process: Getting started with us is as simple as can be. Here’s how to do it:

  • Click on the “Place Your Order” tab at the top or the “Order Now” button at the bottom. You’ll be directed to our order form.
  • Provide the specifics of your paper in the “PAPER DETAILS” section.
  • Select your academic level, the deadline, and the required number of pages.
  • Click on “CREATE ACCOUNT & SIGN IN” to provide your registration details, then “PROCEED TO CHECKOUT.”
  • Follow the simple payment instructions and soon, our writers will be hard at work on your paper. is dedicated to expediting the writing process without compromising on quality. Our roster of writers boasts individuals with advanced degrees—Masters and PhDs—in a myriad of disciplines, ensuring that no matter the complexity or field of your assignment, we have the expertise to tackle it with finesse. Our quick turnover doesn’t mean rushed work; it means efficiency and priority handling, ensuring your deadlines are met with the excellence your academics demand.

ORDER NOW and experience the difference with, where excellence meets timely delivery.