MTH601 Quiz 2 Solutin and Discussion


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    Quiz No. 2
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    QUIZ Data Solved
    Operations Research– MTH601 Total Marks : 10

    QUIZ Marks:10

    Question # 1 of 10 ( Start time: 03:56:10 PM ) Total Marks: 1
    In the Purchasing Model with Shortages the Cost Function ‘C(S,Q)’ can also be expressed as function of --------------.
    Select correct option:
    (t,D)
    (Q,D)
    (S,t)
    (S,D)

    Question # 2 of 10 ( Start time: 03:57:35 PM ) Total Marks: 1
    Under which of the following condition the economic order quantity in case of Purchasing Model with Shortage can be transformed into Purchasing Model with no Shortage?
    Select correct option:
    When shortage Cost tends to zero
    When Shortage Cost tends to infinity
    When Carrying Cost tends to zero
    When Carrying Cost tends to infinity

    Question # 3 of 10 ( Start time: 03:58:39 PM ) Total Marks: 1
    If the demand of an item is occurred in the period of stock out and it is satisfied at the beginning of the next cycle then such type of problem will discuss under which of the following?
    Select correct option:
    Purchasing Model with shortages
    Purchasing Model with no shortages

    Question # 4 of 10 ( Start time: 03:59:39 PM ) Total Marks: 1
    By putting the Replacement Rate ‘R?Infinity’ and Shortage Cost ‘C4?Infinity’ in the Economic Order Quantity(EOQ) of Manufacturing Model with allowed Shortage, then the result is -----------
    Select correct option:
    EOQ of Wilson’s Model
    EOQ of Manufacturing Model without Shortage
    EOQ of Purchasing Model with allowed Shortage
    Invariant

    Question # 5 of 10 ( Start time: 04:00:56 PM ) Total Marks: 1
    In the graph of Purchasing Model with shortages, the area above the horizontal axis represents -----------.
    Select correct option:
    set up cost of item
    shortage cost of item
    purchase cost of item
    carrying cost of item

    Question # 6 of 10 ( Start time: 04:02:13 PM ) Total Marks: 1
    Which of the following is the is major assumed difference between the models of Purchasing and Manufacting without shortage ?
    Select correct option:
    Replacement rate
    Shortage
    Demand
    Item, Setup and Holding Costs

    Question # 7 of 10 ( Start time: 04:03:29 PM ) Total Marks: 1
    The Economic Order Quantity in case of Manufacturing Model without Shortage can be transformed into Purchasing Model without Shortage by which of the following substitution?
    Select correct option:
    When Replacement rate ‘R’ approaches zero
    When Replacement rate ‘R’ approaches infinity
    When Demand rate approaches zero
    When Demand rate approaches infinity

    Question # 8 of 10 ( Start time: 04:04:36 PM ) Total Marks: 1
    In the Dynamic Order Quantity problem if the ratio of Setup and Carrying Costs is ‘500’ and the Demands of 2nd and 3rd months are 50 and 120 respectively then which of the following is true about the 2nd month’s requirment?
    Select correct option:
    2nd month demand can be included in 1st month
    2nd month demand will have to fulfill in 2nd month
    2nd month demand can be included in 3rd month
    2nd month demand can be included in any month of the year

    Quiz Start Time: 03:56 PM
    Time Left 88
    sec(s)
    Question # 9 of 10 ( Start time: 04:05:25 PM ) Total Marks: 1
    Which of the following category of items in ABC analysis has the maximum Holding Cost?
    Select correct option:
    A category
    B category
    C category
    All categories’’ items have equal Holding Costs

    Quiz Start Time: 03:56 PM
    Time Left 89
    sec(s)
    Question # 10 of 10 ( Start time: 04:05:47 PM ) Total Marks: 1
    For ABC analysis, in the Random Sample of some items, the ranks to the items are assigned with respect to their ----------------.
    Select correct option:
    lowest annual unit cost
    largest annual unit cost
    lowest annual usage value
    largest annual usage value

    Quiz Start Time: 04:18 PM
    Time Left 86
    sec(s)
    Question # 1 of 10 ( Start time: 04:18:31 PM ) Total Marks: 1
    In the Dynamic Order Quantity problem if the ratio of Setup and Carrying Costs is ‘500’ and the Demands of 2nd and 3rd months are 50 and 130 respectively then which of the following is true about the 2nd month’s requirment?
    Select correct option:
    2nd month demand can be included in 1st month
    2nd month demand will have to fulfill in 2nd month
    2nd month demand can be included in 3rd month
    2nd month demand can be included in any month of the year
    [4:19:35 PM] Abu Bakar:
    BC100401595 : Abubakar Khalid

    Question # 2 of 10 ( Start time: 04:19:29 PM ) Total Marks: 1
    A single cycle consists of two phases in case of “Manufacturing without Shortage ”, then which of the following is the first phase?
    Select correct option:
    Withdrawal of items from inventory at constant rate in per unit of time
    The inventory is assembled at constant rate per unit of time

    Question # 3 of 10 ( Start time: 04:20:21 PM ) Total Marks: 1
    Which of the following is the is major assumed difference between the models of Purchasing and Manufacting without shortage ?
    Select correct option:
    Replacement rate
    Shortage
    Demand

    Quiz Start Time: 04:18 PM
    Time Left 88
    sec(s)
    Question # 4 of 10 ( Start time: 04:20:39 PM ) Total Marks: 1
    In the Dynamic Order Quantity problem if the ratio of Setup and Carrying Costs is ‘500’ and the Demands of 2nd and 3rd months are 50 and 120 respectively then which of the following is true about the 2nd month’s requirment?
    Select correct option:
    2nd month demand can be included in 1st month
    2nd month demand will have to fulfill in 2nd month
    2nd month demand can be included in 3rd month
    2nd month demand can be included in any month of the year

    Question # 5 of 10 ( Start time: 04:21:56 PM ) Total Marks: 1
    In which of the following model, the Carrying Cost per unit of time is reduced in the ratio (1-D/R):1 ?
    Select correct option:
    Purchasing Model without Shortage
    Manufacturing Model without Shortage
    Purchasing Model with allowed Shortage
    Manufacturing Model with allowed Shortage

    Question # 6 of 10 ( Start time: 04:23:22 PM ) Total Marks: 1
    In the Dynamic Order Quantity problem, the Demands of all succeeding months can be included in the demand of preceding one provided that ------------.
    Select correct option:
    Item and Holding Costs are balanced
    Shortage and Setup Costs are balanced
    Setup and Holding Costs are balanced
    Shortage and Item Costs are balanced

    Question # 7 of 10 ( Start time: 04:23:45 PM ) Total Marks: 1
    By putting the replacement rate ‘R?infinity’ in the Economic Order Quantity(EOQ) of Manufacturing Model with allowed Shortage, then the result is -----------.
    Select correct option:
    EOQ of Purchasing Model without Shortage
    EOQ of Manufacturing Model without Shortage
    EOQ of Purchasing Model with allowed Shortage
    invariant

    Question # 8 of 10 ( Start time: 04:24:58 PM ) Total Marks: 1
    In the graph of Purchasing Model with shortages, the area above the horizontal axis represents -----------.
    Select correct option:
    set up cost of item
    shortage cost of item
    purchase cost of item
    carrying cost of item

    Quiz Start Time: 04:18 PM
    Time Left 85
    sec(s)
    Question # 9 of 10 ( Start time: 04:26:27 PM ) Total Marks: 1
    If the purchases are made in large quantities then the Economic Order Quanti ty model may fail because --------------.
    Select correct option:
    the Holding Cost will increase
    the Holding Cost will decrease
    the Setup Cost will increase
    the Setup Cost will decrease

    Question # 10 of 10 ( Start time: 04:27:13 PM ) Total Marks: 1
    If the total inventory in one cycle of ‘t’ units of time is ‘(1/2)Qt’, then which of the following is the average inventory at any time?
    Select correct option:
    Q/t
    Q/2
    (Q/2)t
    2Q

    Question # 1 of 10 ( Start time: 04:28:57 PM ) Total Marks: 1
    In the Dynamic Order Quantity problem if the ratio of Setup and Carrying Costs is ‘500’ and the Demands of 2nd and 3rd months are 50 and 130 respectively then which of the following is true about the 2nd month’s requirment?
    Select correct option:
    2nd month demand can be included in 1st month
    2nd month demand will have to fulfill in 2nd month
    2nd month demand can be included in 3rd month
    2nd month demand can be included in any month of the year

    Question # 2 of 10 ( Start time: 04:29:14 PM ) Total Marks: 1
    In the ABC analysis, the items are classified into three categories with respect their--------------.
    Select correct option:
    cost value
    demand value
    turn over value
    mark up value

    Question # 3 of 10 ( Start time: 04:29:36 PM ) Total Marks: 1
    Which of the following is true about the Manufacturing model without Shortage?
    Select correct option:
    Demand rate = Replacement rate
    Demand rate > Replacement rate
    Demand rate < Replacement rate
    None of the above choices

    Question # 4 of 10 ( Start time: 04:30:42 PM ) Total Marks: 1
    A single cycle consists of two phases in case of “Manufacturing without Shortage ”, then which of the following is the first phase?
    Select correct option:
    Withdrawal of items from inventory at constant rate in per unit of time
    The inventory is assembled at constant rate per unit of time

    Question # 5 of 10 ( Start time: 04:30:55 PM ) Total Marks: 1
    Which of the following category of items in ABC analysis has the maximum Holding Cost?
    Select correct option:
    A category
    B category
    C category
    All categories’’ items have equal Holding Costs

    Question # 6 of 10 ( Start time: 04:31:12 PM ) Total Marks: 1
    Under which of the following condition the economic order quantity in case of Purchasing Model with Shortage can be transformed into Purchasing Model with no Shortage?
    Select correct option:
    When shortage Cost tends to zero
    When Shortag Cost tends to infinity
    When Carrying Cost tends to zero
    When Carrying Cost tends to infinity

    Question # 7 of 10 ( Start time: 04:32:09 PM ) Total Marks: 1
    By putting the replacement rate ‘R?infinity’ in the Economic Order Quantity(EOQ) of Manufacturing Model with allowed Shortage, then the result is -----------.
    Select correct option:
    EOQ of Purchasing Model without Shortage
    EOQ of Manufacturing Model without Shortage
    EOQ of Purchasing Model with allowed Shortage
    invariant

    Question # 8 of 10 ( Start time: 04:32:28 PM ) Total Marks: 1
    In the Purchasing Model with Shortages the Cost Function ‘C(S,Q)’ can also be expressed as function of --------------.
    Select correct option:
    (t,D)
    (Q,D)
    (S,t)
    (S,D)

    Question # 9 of 10 ( Start time: 04:32:40 PM ) Total Marks: 1
    Which of the following is the major objective of the ABC analysis of inventory?
    Select correct option:
    To fulfill the demand of items
    To replace the required items in proper time
    To control the inventories
    To classify the items in different categories
    Quiz Start Time: 04:28 PM
    Time Left 89
    sec(s)
    Question # 10 of 10 ( Start time: 04:32:59 PM ) Total Marks: 1
    Which of the following quantity will vary in case of Dynamic Order Quantity Model?
    Select correct option:
    Setup Cost
    Carrying Cost
    Item Cost
    Demand


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    The amount of the inventory will always taken to be ----------- MTH601
    Negative

    A single cycle consists of two phases in case of “Manufacturing without Shortage ”, then which of the following is the first phase? MTH601
    Withdrawl of items from inventory at constant rate in per unit of time

    If the demand of an item is occurred in the period of stock out and it is satisfied at the beginning of the next cycle then such type of problem will discuss under which of the following? MTH601
    Purchasing Model with no shortages

    If an item is manufactured, then the direct or indirect material, labor, and overhead expenses are referred to -----------. MTH601
    Item cost

    In which of the following model, the Carrying Cost per unit of time is reduced in the ratio (1-D/R):1 ? MTH601
    Purchasing Model without Shortage

    In the context of Wilson’s model, at time t = 0, the quantity ‘Q’ of the product is--------- in the inventory. MTH601 Minimum

    Which of the following quantity will vary in case of Dynamic Order Quantity Model?

    Demand

    The parameters like demand and ordering quantity cost are quite --------- in the Deterministic inventory models. MTH601
    unCertain

    Objective of inventory control is to balance between the advantage of having inventories and the --------- of carrying them to arrive at an optimal level of inventories to minimize the total inventory cost. MTH601
    demand

    Which of the following category of items in ABC analysis needs special attention by the management? MTH601
    All category



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