Which model of the following has been used to calculate the Inventory cost: Average inventory * hours*
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Question:
Which model of the following has been used to calculate the Inventory cost:
- Average inventory * hours* Inventory Cost
- (Start inventory + End inventory) * hours* Inventory Cost
- Average (Start inventory + end inventory) * inventory cost
- None of the above.
- Which ones are forecasting techniques?
- regression analysis
- Delphi
- time-series models
- all of the above
- 2. One of the following methods is a causal forecasting model. Which one?
- exponential smoothing
- regression analysis
- Delphi model
- sales force composite
- Trend projection is an example of
- Delphi process.
- time series.
- causal methods.
- regression analysis.
- Which of the following provide a solution for the following LP problem?
MAX: 3X1 +4X2
Subject to:
X1 ≤ 12
X2 ≤ 10
4X1 _ 6X2 ≤ 72
X1, X2 ≥ 0
- X1 = 12, X2 = 3
- X1= 18, X2=0
- PROFIT = 54
- PROFIT= 56
- In exponential smoothing, if you wish to give a significant weight to the most recent observations, then the smoothing constant should be
- close to 0.
- close to 1.
- close to 0.5.
- less than the error.
- Which among the following is an example of quadratic function?
- 2 + (10 * X)
- (3+4) *(4*X)
- 24 + (56 × X2)
- (5.3 × X2) + ( 21.6 × X3)
- Which among the following is not true in learning curve?
- The learning curve in some cases illustrate how the cost per unit of output decreases over time as the result of accumulated workforce learning and experience
- The learning curve express the relationship between experience and efficiency.
- As individuals and/or organizations get more experienced at a task, they usually become more efficient at them.
- All of the above
- Which among the following refers to chase method?
- Stable output rates and workforce
- Worker levels and production output are stable
- The cost of adjusting output rates and/or workforce levels
- Tends to be the preferred strategy of many organizations, including labor unions.
- The firm should choose promotion and advertising in order to increase demand when:
- The capacity and the demand are nearly equal
- The capacity is greater than the demand
- The capacity is less than the demand
- None of the above
- Which among the following is a problem that can be solved using the graphical method?
- 34P + 4T– 3R = 200
- 14M + 20 N = 300
- R - E = 300 + G
- R - (FC+VC) =300
- If a company has discovered that at a price of $50, their sales volume will be 800 units. If they changed their price by $2, their sales will either increase of decrease by 50 units. Which among the following is a correct model of their price vs sales volume relationship?
- SALES VOLUME=400-50 * (PRICE-50)
- SALES VOLUME=800-50 * (PRICE-50)
- SALES VOLUME=800-25 * (PRICE-50)
- SALES VOLUME=800-25 * (PRICE-25)
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