Analysis divides on-hand inventory into three classes

Assignment Help Operation Management

Reference no: EM132196652

1) The EOQ model is most relevant for which one of the following?

a. ordering items with dependent demand models

b. determination of safety stock

c. ordering perishable items

d. determining optimal quantities for independent demand models

2) ABC analysis is based upon the principle that

a. all items in inventory must be monitored very closely

b. there are usually a few critical items (A items), and many items (C items) which are less critical

c. the safety stock (in terms of volume) should be higher for a items than for c items

d) an item is critical if its usage is high

3) The identification of parent items is called:

a. Paternity

b. Relationship tracking

c. Pegging

d. Master scheduling

4) ABC analysis divides on-hand inventory into three classes, generally based upon

a. item quality

b. unit price

c. annual dollar volume

d. none of the above

5. The purpose of safety stock is to

a. replace failed units with good ones

b. eliminate the likelihood of a stockout due to erroneous inventory tally

c. control the likelihood of a stockout due to the variability of demand during lead time

d. protect the firm from a sudden decrease in demand

Reference no: EM132196652

Questions Cloud

How do these assumptions influence the implications : How do these assumptions influence the implications and inferences you use in argument?

Simulate the operation of two of cpu scheduling methods : Write a C++ program to simulate the operation of two of CPU scheduling methods. Get the number of processes from the user.

Discusses any themes that relates to global business : Research and read objectively any academic article of your choice () that discusses any theme(s) that relate(s) to global business.

A program that runs on ocelot for a mini calculator : Write a C program that runs on ocelot for a mini calculator using only the command line options. You must use getopt to parse the command line.

Analysis divides on-hand inventory into three classes : The identification of parent items is called. ABC analysis divides on-hand inventory into three classes, generally based upon.

Develop a small application in flask : Develop a small application in Flask. The purpose of this application is to keep track of students that are enrolled in a class, and the score

Display the number of vowels in your name : Write a C program that stores your first name and your last name in separate arrays and counts and displays the number of vowels in your name.

Compare and contrast the two franchise agreements : Compare and contrast the two Franchise Agreements (Taste of Philly and Haagen Dazs) with respect to the contractual termination provisions.

Increasing uncertainty inherent in the business environment : How can data analytics help managers cope with the increasing uncertainty inherent in the business environment?

User Account

All Pages