MTH601 Quiz 1 Solution and Discussion

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

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Which of the following cost of an item varies directly with the size of inventory as well as the time the item held in stock? MTH601

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In resource leveling when two or more jobs compete for same resources, first try to allocate an activity, which is of --------- duration and next to the activity which having next --------- duration. MTH601

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If the ordered quantity of a commodity is ‘q’, then the ordering cost per unit is “ C2/q ” which is ---------proportional to the quantity ordered. MTH601

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By putting the replacement rate ‘R?infinity’ in the Economic Order Quantity(EOQ) of Manufacturing Model with allowed Shortage, then the result is -----------. MTH601

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Which of the following technique to solve the network flow diagrams, is event oriented? MTH601

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The graph of Wilson’s Model (Purchasing Model with no shortage) is of the --------- shape. MTH601

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Under which of the following condition, the Economic Order Quantity (EOQ) of Manufacturing Model with allowed Shortage can be transformed into the same Model without Shortage? MTH601