Circle/tick the right answer from the answers given below . 1. In production sch

Question

Circle/tick the right answer from the answers given below.

1. In production scheduling LP problems, inventory at the end of this month is set equal to ________.

A) inventory at the end of last month + this month's production this month's sales

B) inventory at the beginning of last month + this month's production this month's sales

C) inventory at the end of last month + last month's production this month's sales

D) inventory at the beginning of last month + last month's production last month's sales

E) inventory at the end of last month - this month's production + this month's sales

2. The "point at which to reorder" depends directly on which of the following?

a) EOQ

b) Ordering cost

c) Lead-time

d) Storage costs

3. The EOQ model without the instantaneous receipt assumption is commonly called the

A) quantity discount model.

B) safety stock model.

C) planned shortage model.

D) production run model.

4. Mark Achin sells 3,600 electric motors each year. The cost of these is $200 each, and demand is constant throughout the year. The cost of placing an order is $40, while the holding cost is $20 per unit per year. There are 360 working days per year and the lead-time is 5 days. If Mark orders 200 units each time he places an order, what would his average inventory be (in units)?

A) 100

B) 200

C) 60

D) 120

5. When using a general LP model for transportation problems, if there are 4 sources and 5 destinations, which of the following statements is true?

A) There are typically 4 decision variables and 5 constraints.

B) There are typically 9 decision variables and 9 constraints.

C) There are typically 20 decision variables and 9 constraints.

D) There are typically 9 decision variables and 20 constraints

Explanation / Answer

1. Answer is A. inventory at the end of last month + this month's production this month's sales

2. Answer is C Lead time

3. Answer is D production run model.

4. answer is D.

5. B) There are typically 9 decision variables and 9 constraints.

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