_____ technique is related to Inventory management a. EOQ b. SQC c. CPM d. transportation

_____ technique is related to Inventory management
a. EOQ
b. SQC
c. CPM
d. transportation
by

1 Answer

Answer :

a. EOQ
by

Related questions

________ technique is related to Quality control a. Assignment b. Transportation c. CPM d. SQC

Description : ________ technique is related to Quality control a. Assignment b. Transportation c. CPM d. SQC

Last Answer : d. SQC

_____ are technique applied in project management a. CPM b. Assignment c. Transportation d. Decision theory

Description : ______ are technique applied in project management a. CPM b. Assignment c. Transportation d. Decision theory

Last Answer : a. CPM

_________ technique helps to make a choice from numerous available alternatives a. PERT b. CPM c. Linear Programming d. Transportation

Description : _________ technique helps to make a choice from numerous available alternatives a. PERT b. CPM c. Linear Programming d. Transportation

Last Answer : d. Transportation

What is the benefit of using PERT/CPM network as integral component of project management? a. They furnish a consistent framework for planning, scheduling, monitoring and controlling project b. They illustrate the interdependencies of all tasks c. They can be used to estimate the expected project completion dates as well as the probability that the project will be completed by a specific date d. All of the above

Description : What is the benefit of using PERT/CPM network as integral component of project management? a. They furnish a consistent framework for planning, scheduling, monitoring and controlling project b. They illustrate ... that the project will be completed by a specific date d. All of the above

Last Answer : d. All of the above

The basic difference between PERT and CPM is that a. PERT deals with events and CPM with activities b. Critical Path is determined in PERT only c. Costs are considered on CPM only d. Guessed times are used in PERT and evaluated times in CPM.

Description : The basic difference between PERT and CPM is that a. PERT deals with events and CPM with activities b. Critical Path is determined in PERT only c. Costs are considered on CPM only d. Guessed times are used in PERT and evaluated times in CPM.

Last Answer : a. PERT deals with events and CPM with activities

The CPM was developed by Rand and Walker in which year? a. 1957 b. 1958 c. 1959 d. 1960

Description : The CPM was developed by Rand and Walker in which year? a. 1957 b. 1958 c. 1959 d. 1960

Last Answer : a. 1957

If no. of rows are not equal to number of columns and the matrix elements are profit elements then the problem is: a. Balanced and Maximization Transportation problem b. Unbalanced and Maximization Transportation problem c. Balanced and Maximization Assignment problem d. Unbalanced and Maximization Assignment problem

Description : If no. of rows are not equal to number of columns and the matrix elements are profit elements then the problem is: a. Balanced and Maximization Transportation problem b. ... Transportation problem c. Balanced and Maximization Assignment problem d. Unbalanced and Maximization Assignment problem

Last Answer : a. Balanced and Maximization Transportation problem

If no. of rows are equal to number of columns and the matrix elements are Time elements then the problem is: a. Balanced and Minimization Transportation problem b. Unbalanced and Minimization Transportation problem c. Balanced and Minimization Assignment problem d. Unbalanced and Minimization Assignment problem

Description : If no. of rows are equal to number of columns and the matrix elements are Time elements then the problem is: a. Balanced and Minimization Transportation problem b. ... Transportation problem c. Balanced and Minimization Assignment problem d. Unbalanced and Minimization Assignment problem

Last Answer : c. Balanced and Minimization Assignment problem

___ is one of the fundamental combinatorial optimization problems a. Assignment problem b. Transportation problem c. Optimization problem d. None of the above

Description : ___ is one of the fundamental combinatorial optimization problems a. Assignment problem b. Transportation problem c. Optimization problem d. None of the above

Last Answer : a. Assignment problem

An assignment problem is a special case of transportation problem, where a. Number of rows equals number of columns b. All rim conditions are 1 c. Values of each decision variable is either 0 or 1

Description : An assignment problem is a special case of transportation problem, where a. Number of rows equals number of columns b. All rim conditions are 1 c. Values of each decision variable is either 0 or 1

Last Answer : D.variable is either 0 or 1

The assignment problem a. Requires that only one activity be assigned to each resource b. Is a special case of transportation problem c. Can be used to maximize resources d. All of the above

Description : The assignment problem a. Requires that only one activity be assigned to each resource b. Is a special case of transportation problem c. Can be used to maximize resources d. All of the above

Last Answer : d. All of the above

An assignment problem is considered as a particular case of a transportation problem because a. The number of rows equals columns b. All xij = 0 or 1 c. All rim conditions are 1 d. All of the above

Description : An assignment problem is considered as a particular case of a transportation problem because a. The number of rows equals columns b. All xij = 0 or 1 c. All rim conditions are 1 d. All of the above

Last Answer : d. All of the above

________ which is a subclass of a linear programming problem(LPP) a. Programming problem b. Transportation problem c. Computer problem d. All of the above

Description : ________ which is a subclass of a linear programming problem(LPP) a. Programming problem b. Transportation problem c. Computer problem d. All of the above

Last Answer : b. Transportation problem

LPP is exactly used in solving what kind of resource allocation problems? a. Production planning and scheduling b. Transportation c. Sales and advertising d. All of the above

Description : LPP is exactly used in solving what kind of resource allocation problems? a. Production planning and scheduling b. Transportation c. Sales and advertising d. All of the above

Last Answer : d. All of the above

For a project manager to have an effective means of identifying and communicating the planned activities and their interrelationships, he must use a network technique. One of the network techniques is commonly known as PERT, what does PERT stands for? a. Project evaluation review technique b. Program evaluation review technique c. Path evaluation review technique d. Project execution review technique

Description : For a project manager to have an effective means of identifying and communicating the planned activities and their interrelationships, he must use a network technique. One of the network ... evaluation review technique c. Path evaluation review technique d. Project execution review technique

Last Answer : b. Program evaluation review technique

What network model enables engineer managers to schedule, monitor and control large and complex projects by employing three time estimates per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation

Description : What network model enables engineer managers to schedule, monitor and control large and complex projects by employing three time estimates per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation

Last Answer : b. Program evaluation review technique

What network model enables engineer managers to schedule, monitor and control large and complex projects by using only one time factor per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation

Description : What network model enables engineer managers to schedule, monitor and control large and complex projects by using only one time factor per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation

Last Answer : b. Program evaluation review technique

36. The best use of linear programming technique is to find an optimal use of a. Money b. Manpower c. Machine d. All of the above

Description : 36. The best use of linear programming technique is to find an optimal use of a. Money b. Manpower c. Machine d. All of the above

Last Answer : . All of the above

28. Linear programming is a a. Constrained optimization technique b. Technique for economic allocation of limited resources c. Mathematical technique d. All of the above

Description : 28. Linear programming is a a. Constrained optimization technique b. Technique for economic allocation of limited resources c. Mathematical technique d. All of the above

Last Answer : b. Technique for economic allocation of limited resource

27. The mathematical model of an LP problem is important because a. It helps in converting the verbal description & numerical data into mathematical expression b. Decision-makers prefer to work with formal models c. It captures the relevant relationship among decision factors d. It enables the use of algebraic technique

Description : 27. The mathematical model of an LP problem is important because a. It helps in converting the verbal description & numerical data into mathematical expression b. Decision-makers prefer to ... captures the relevant relationship among decision factors d. It enables the use of algebraic technique

Last Answer : a. It helps in converting the verbal description & numerical data into mathematical expression

12. Operations Research involves various _______ to solve the problems a. Decisions b. Study c. Technique d. Applications

Description : 12. Operations Research involves various _______ to solve the problems a. Decisions b. Study c. Technique d. Applications

Last Answer : c. Technique

Every combination of strategies determines an outcome known as _____ a. Regret b. Payoff c. Saddle point d. Profit matrix

Description : Every combination of strategies determines an outcome known as _____ a. Regret b. Payoff c. Saddle point d. Profit matrix

Last Answer : b. Payoff

In a game, the alternatives or courses of action available to each player are called _____ a. Options b. Choices c. Actions d. strategies

Description : In a game, the alternatives or courses of action available to each player are called _____ a. Options b. Choices c. Actions d. strategies

Last Answer : d. strategies

Floats for critical activities will be always _____ a. One b. Zero c. Highest d. Same as duration of the activity

Description : Floats for critical activities will be always _____ a. One b. Zero c. Highest d. Same as duration of the activity

Last Answer : b. Zero

Forward pass calculations are done to find _____ occurrence times of events a. Exact b. Earliest c. Latest d. Approximate

Description : Forward pass calculations are done to find _____ occurrence times of events a. Exact b. Earliest c. Latest d. Approximate

Last Answer : b. Earliest

The extra row or column which is added to balance an assignment problem is called _____ a. Regret b. Epsilon c. Dummy d. extra 98.

Description : The extra row or column which is added to balance an assignment problem is called _____ a. Regret b. Epsilon c. Dummy d. extra

Last Answer : c. Dummy

If the number of jobs is not equal to the number of resources, then the problem is term as _____ assignment problem a. Balanced b. Unbalanced c. Equal d. Unequal

Description : If the number of jobs is not equal to the number of resources, then the problem is term as _____ assignment problem a. Balanced b. Unbalanced c. Equal d. Unequal

Last Answer : b. Unbalanced

If the number of jobs is equal to the number of resources, then the problem is term as _____ assignment problem a. Balanced b. Unbalanced c. Equal d. Unequal

Description : If the number of jobs is equal to the number of resources, then the problem is term as _____ assignment problem a. Balanced b. Unbalanced c. Equal d. Unequal

Last Answer : a. Balanced

An optimum solution is considered the _____ among feasible solutions a. Worst b. Best c. Ineffective d. None of the above

Description : An optimum solution is considered the _____ among feasible solutions a. Worst b. Best c. Ineffective d. None of the above

Last Answer : b. Best

_____ refers to the combination of one or more inputs to produce a particular output a. Solution b. Variable c. Process d. None of the above

Description : _____ refers to the combination of one or more inputs to produce a particular output a. Solution b. Variable c. Process d. None of the above

Last Answer : c. Process

_____ is another method to solve a given LPP involving some artificial variable? a. Big M method b. Method of penalties c. Two-phase simplex method d. None of the above

Description : _____ is another method to solve a given LPP involving some artificial variable? a. Big M method b. Method of penalties c. Two-phase simplex method d. None of the above

Last Answer : a. Big M method

The word “Linear” means that the relationships are represented by _____ a. Diagonal lines b. Curved lines c. Straight lines d. Slanting lines

Description : The word “Linear” means that the relationships are represented by _____ a. Diagonal lines b. Curved lines c. Straight lines d. Slanting lines

Last Answer : c. Straight lines

42. _____ assumption means the prior knowledge of all the coefficients in the objective function , the coefficients of the constraints and the resource values a. Proportionality b. Certainty c. Finite choices d. Continuity

Description : 42. _____ assumption means the prior knowledge of all the coefficients in the objective function , the coefficients of the constraints and the resource values a. Proportionality b. Certainty c. Finite choices d. Continuity

Last Answer : b. Certainty

25. Operations Research models in which some or all values of variables are random in nature are called _____ a. Physical b. Symbolic c. Deterministic d. Probabilistic

Description : 25. Operations Research models in which some or all values of variables are random in nature are called _____ a. Physical b. Symbolic c. Deterministic d. Probabilistic

Last Answer : d. Probabilistic

Operations Research models in which values of all variables and all possible outcomes are known with certainty are called _____ a. Physical b. Symbolic c. Deterministic d. Probabilistic

Description : Operations Research models in which values of all variables and all possible outcomes are known with certainty are called _____ a. Physical b. Symbolic c. Deterministic d. Probabilistic

Last Answer : c. Deterministic

Operations Research techniques cannot be applied to _____ a. Managerial judgement b. Business initiatives c. Customer perceptions d. All of the above

Description : Operations Research techniques cannot be applied to _____ a. Managerial judgement b. Business initiatives c. Customer perceptions d. All of the above

Last Answer : c. Customer perceptions

13. Operations Research cannot give perfect _____ to problems a. Answers b. Solutions c. Both a & b d. Decisions

Description : 13. Operations Research cannot give perfect _____ to problems a. Answers b. Solutions c. Both a & b d. Decisions

Last Answer : c. Both a & b

9. Operations Research has the characteristics that it is done by a team of _____ a. Scientists b. Mathematicians c. Academics d. All of the above

Description : 9. Operations Research has the characteristics that it is done by a team of _____ a. Scientists b. Mathematicians c. Academics d. All of the above

Last Answer : a. Scientists

5. Operations Research was known as an ability to win a war without really going into a _____ a. Battle Field b. Fighting c. War d. Both a & b

Description : 5. Operations Research was known as an ability to win a war without really going into a _____ a. Battle Field b. Fighting c. War d. Both a & b

Last Answer : d. Both a & b

The Term Operations Research was coined in the year _____ a. 1950 b. 1940 c. 1978 d. 1960

Description : The Term Operations Research was coined in the year _____ a. 1950 b. 1940 c. 1978 d. 1960

Last Answer : B. 1940

Operations Research, which is a very powerful tool for _____ a. Research b. Decision-Making c. Operations d. None of the above

Description : Operations Research, which is a very powerful tool for _____ a. Research b. Decision-Making c. Operations d. None of the above

Last Answer : Decision-Making

7. Who defined Operations Research as scientific approach to problem solving for executive management? a. E.L. Arnoff b. P.M.S. Blackett c. H.M. Wagner d. None of the above

Description : 7. Who defined Operations Research as scientific approach to problem solving for executive management? a. E.L. Arnoff b. P.M.S. Blackett c. H.M. Wagner d. None of the above

Last Answer : c. H.M. Wagner

In inventory control theory, the economic order quantity (EOQ) is the (A) Lot size corresponding to break even analysis (B) Average level of inventory (C) Optimum lot size (D) None of these

Description : In inventory control theory, the economic order quantity (EOQ) is the (A) Lot size corresponding to break even analysis (B) Average level of inventory (C) Optimum lot size (D) None of these

Last Answer : (C) Optimum lot size

What Makes Eoq Work For Inventory Control?

Description : What Makes Eoq Work For Inventory Control?

Last Answer : The EOQ works if its four assumptions match the case it is used on. The assumptions are: 1. Annual demand, carrying costs and ordering costs can be estimated. 2. Inventory level is divided by ... order. 3. Stock-out, customer responsiveness and other costs not considered. 4. No quantity discounts.

Which one out of the following is not an inventory valuation method? (a) FIFO (b) LIFO (c) Weighted Average (d) EOQ

Description : Which one out of the following is not an inventory valuation method? (a) FIFO (b) LIFO (c) Weighted Average (d) EOQ

Last Answer : (d) EOQ

Select the FALSE statement about an inventory system. A)The objective of minimum total inventory cost must be balanced against a customer service level necessary to maximise profits. B)EOQ is the size of inventory that minimises only the cost of carrying inventory. C)There is a tradeoff between inventory carrying costs and the probability of stockouts. D)Inventory carrying costs usually increase as the level of customer service increases.

Description : Select the FALSE statement about an inventory system. A)The objective of minimum total inventory cost must be balanced against a customer service level necessary to maximise profits. B)EOQ is ... of stockouts. D)Inventory carrying costs usually increase as the level of customer service increases.

Last Answer : B)EOQ is the size of inventory that minimises only the cost of carrying inventory.

Which of the following helps a marketer determine how much to order? A) Order lead time B) EOQ C) Reorder point D) Fixed order -interval approach E) Electronic inventory system

Description : Which of the following helps a marketer determine how much to order? A) Order lead time B) EOQ C) Reorder point D) Fixed order-interval approach E) Electronic inventory system

Last Answer : B) EOQ

Greg is a physical distribution manager. He is currently developing and maintaining assortments of products that are adequate for customer demand. In which stage in the physical distribution system is Greg currently involved? A)Order processing B)Materials handling C)Inventory management D)Transportation E)Warehousing

Description : Greg is a physical distribution manager. He is currently developing and maintaining assortments of products that are adequate for customer demand. In which stage in the physical distribution ... involved? A)Order processing B)Materials handling C)Inventory management D)Transportation E)Warehousing

Last Answer : C)Inventory management

Which of the following physical distribution functions involves the design and operation of facilities for storing and moving goods? A)Order processing B)Materials handling C)Transportation D)Warehousing E)Inventory management

Description : Which of the following physical distribution functions involves the design and operation of facilities for storing and moving goods? A)Order processing B)Materials handling C)Transportation D)Warehousing E)Inventory management

Last Answer : D)Warehousing

__________ allows easier movement of items by fork lift trucks between internal destinations in the warehouse. A)unit loading B)piggybacking C)containerisation D)inventory management E)priority transportation

Description : __________ allows easier movement of items by fork lift trucks between internal destinations in the warehouse. A)unit loading B)piggybacking C)containerisation D)inventory management E)priority transportation

Last Answer : A)unit loading