Quiz - 1 » PREP INSTA

Question 1

Time: 00:00:00

Artificial var iable is int roduced, in the simplex

method to

determine the init ial basic feasible solution, when surplus variable is present

conver t the inequat ion with the sign greater than or equal to, in the form of an equat ion

apply Big - M method for solut ion to linear programming problems

indicate the sensitivity of the surplus var iable

Good Job!

Oops!

Report the answer

PrepInsta Explanation
User Explanation

Once you attempt the question then PrepInsta explanation will be displayed.

Please login to submit your explanation

Question 2

Time: 00:00:00

Limitations of linear programming models are

based on cr iter ia of

proportionality (linearity)

additivity

divisibility

all of these

Good Job!

Oops!

Report the answer

PrepInsta Explanation
User Explanation

Once you attempt the question then PrepInsta explanation will be displayed.

Please login to submit your explanation

Question 3

Time: 00:00:00

Scarce items are

mostly available in indigenous market

cannot be procured easily

of short supply or imported items

all of these

Good Job!

Oops!

Report the answer

PrepInsta Explanation
User Explanation

Once you attempt the question then PrepInsta explanation will be displayed.

Please login to submit your explanation

Question 4

Time: 00:00:00

Mean r ate of consumpt ion dur ing lead t ime (R)

mult iplied by mean lead t ime (L) is equal to

buffer stock

reserve stock

safety stock

none of these

Good Job!

Oops!

Report the answer

PrepInsta Explanation
User Explanation

Once you attempt the question then PrepInsta explanation will be displayed.

Please login to submit your explanation

Question 5

Time: 00:00:00

Sum of buffer stock, reserve stock and safety stock

is equal to

recorder point

order quantity

EOQ

maximum inventory level

Good Job!

Oops!

Report the answer

PrepInsta Explanation
User Explanation

Once you attempt the question then PrepInsta explanation will be displayed.

Please login to submit your explanation

Question 6

Time: 00:00:00

Inventory management consists of

effective running of stores

stock control system

state of merchandise method of storing and maintenance etc

all of these

Good Job!

Oops!

Report the answer

PrepInsta Explanation
User Explanation

Once you attempt the question then PrepInsta explanation will be displayed.

Please login to submit your explanation

Question 7

Time: 00:00:00

In the Simplex method, the existence of more

than one opt imum solut ion is indicated, when

values of the index row, c j – zj under one or more of the non - base decision variables is/ are zero

some of the values in the constant column (bi ) are zero

all the replacement r at ios, b a i is (s is the key column) are negat ive

the values of index row, c j – z j, indicate opmality, with artificial var iable in the base

Good Job!

Oops!

Report the answer

PrepInsta Explanation
User Explanation

Once you attempt the question then PrepInsta explanation will be displayed.

Please login to submit your explanation

Question 8

Time: 00:00:00

A basic feasible solution in simplex method is one,

when all the

decision variables are in the base

decision variables and surplus var iables are assigned zero values

base variables are non - negative

base var iables satisfy the constraint equations

Good Job!

Oops!

Report the answer

PrepInsta Explanation
User Explanation

Once you attempt the question then PrepInsta explanation will be displayed.

Please login to submit your explanation

Question 9

Time: 00:00:00

The key features of MRP system are

Planned order releases

Time-phasing of requirements

Provisions for resheduling

Gener at ion of lower level requirements

Good Job!

Oops!

Report the answer

PrepInsta Explanation
User Explanation

Once you attempt the question then PrepInsta explanation will be displayed.

Please login to submit your explanation

Question 10

Time: 00:00:00

A firm produces and used 2400 items annually.

The cost of set t ing up for product ion is Rs. 850

and the weekly product ion r ate is 100 units. The

product ion cost is Rs. 5 per item. The annual

storage and car rying is 10% of average inventory.

The time, each opt imum product ion run would

take, will be

12 months

9 months

6 months

1 month

Good Job!

Oops!