Find the economic order quantity

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Reference no: EM132736135

1. In linear Programming models, what should be done with the objective function?

a. maximize

b. discard

c. square

d. minimize

e. a and b

2. For product z, a firm has an annual holding cost of $8 per unit, an ordering cost of $85 per order, lead time of 5 days, and annual demand of 20,000 units. The firm operates 250 days per year. Find the economic order quantity.

a. 450

b. 168

c. 702

d. 652

3. It is possible to use the correlation coefficient to prove causality when:

a. when the correlation is 10.00

b. the coefficient is positive

c. when the correlation is -1000.00

d. when the correlation coefficient is approximately zero

e. none of the above

4. A cashier at a department store can ring up 25 customers in every hour. About 15 customers enter the store every hour. What is the probability of having no customer purchase item (s) from the store at any given time?

a. 20%

b. 30%

c. 40%

d. 60%

e. 80%

5. Actvity P has a processing time of 5 hours and immediate predecessors of M, N, and O with completion times of 4, 4, and 6 hours. What is the earliest completion time of Activity P?

a. 5 hours

b. 6 hours

c. 11 hours

d. 19 hours

e. none of the above

6. If a project is expected to be completed in 18 days then determine the likelihood that this project will be completed in 20 days.

a. 2.5%

b. 25%

c. 50%

d. not enough information

7. Which of the following indicates that a project manager is willing to spend more money to finish the project earlier, when possible?

a. stressing

b. compressing

c. crashing

d. none of the above

8. The amount of time spent in a queue is _____ the time spent in the system.

a. equal to

b. more than

c. less than

d. double

9. The correlation coefficient cannot be all of the following except

a. 200

b. -10

c. 0

d. 2.136

10. Job A, B, C, D, E with processing time (days): 8,2, 4, 6, 7 respectively and immediate predecessors are: A has none, B needs A, C needs B, D needs B, E needs both C and D. Determine the critical path for this project.

a. A-B-C-D-E

b. A-B-D-E

c. A-B-C-E

d. B-C-D-E

Reference no: EM132736135

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