Question: Operations Management: 2 . Which inventory management method aims to minimize holding costs by ordering just enough inventory to meet immediate demand? a ) Just
Operations Management:
Which inventory management method aims to minimize holding costs by ordering just enough inventory to meet immediate demand?
a JustInTime JIT
b Economic Order Quantity EOQ
c ABC Analysis
d Safety Stock
Lean production principles originated from which manufacturing system?
a Toyota Production System
b Six Sigma
c Total Quality Management TQM
d Theory of Constraints TOC
What is the primary goal of capacity planning in operations management?
a Minimizing lead time
b Maximizing inventory levels
c Balancing demand and supply
d Reducing production costs
Which tool is commonly used for process mapping and identifying areas of improvement in a process?
a Pareto Chart
b Fishbone Diagram Ishikawa Diagram
c Control Chart
d Value Stream Map
Which of the following is not a component of the PDCA cycle?
a Plan
b Do
c Check
d Analyze
What is the primary purpose of a Gantt chart in project management?
a Cost estimation
b Resource allocation
c Schedule visualization
d Quality control
Which of the following is a key principle of Total Quality Management TQM
a Mass production
b Employee empowerment
c High inventory levels
d Cost reduction at all costs
What does the acronym MRP stand for in operations management?
a Manufacturing Resource Planning
b Materials Requirement Planning
c Master Resource Planning
d Maximum Resource Production
Which type of forecasting method uses historical data to predict future values based on patterns and trends?
a Qualitative forecasting
b Time series forecasting
c Delphi method
d Regression analysis
In calculus, what is the derivative of lnx with respect to x
Solve the differential equation dydx x where y
Find the limit as x approaches infinity of exx
What is the Maclaurin series expansion for sinx
Determine the eigenvalues and eigenvectors of the matrix:
Solve the system of linear equations:
x y
x y
Find the volume of the region bounded by the surfaces z x y and z x y
Evaluate the integral xxx dx from to
What is the probability of rolling a sum of with two fair sixsided dice?
Calculate the Taylor series expansion of ex centered at x
Find the arc length of the curve y x from x to x
Determine the magnitude and direction of the gradient of the function fx y z xyz at the point
What is the determinant of the x matrix:
Solve the differential equation dydxy subject to the initial conditions y and y
Determine the Taylor series expansion of ln x centered at x
Find the area enclosed by the curves y x and y x
What is the value of the binomial coefficient C
Solve the equation x
Calculate the definite integral sinx cosxdx from to pi
Determine the real solutions of the equation xxx
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