Course Code
mbf839


Question
__________ is the inventory level that minimizes the total of ordering and carrying costs.

Answer
Economics order quantity



Question
If specific mathematical relationship(model) exist and can be defined, then the demand of the items in the near future can be ________?

Answer
forecasted



Question
These _________ usually are stated in equation form ( or set of equations) or in equations?

Answer
relationship



Question
Graphical methods of solving LP problems can only be used for problems with _________ unknowns vvariables

Answer
two



Question
Linear programming is a mathematical technique concerned with the allocation of _________

Answer
scarce resources



Question
A reliable analysis of what has happened in relevant field in recent years is the first step in obtaining a ________ of what is likely to happen in the future.

Answer
feed back Reliable estimate



Question
The locus of average of observed weight for given observed height is called __________

Answer
Regression curve



Question
The cyclical component is identified by _________ de-seasonalised variation around the trend line

Answer
measuring



Question
Lead time is the time normally taken in replenishing ________ after the order has been placed.

Answer
inventory



Question
To determine the re-order point under certainty you should know ___________

Answer
All of the above



Question
__________ is the inventory level that minimizes the total of ordering and carrying costs.

Answer
Economics order quantity



Question
If specific mathematical relationship(model) exist and can be defined, then the demand of the items in the near future can be ________?

Answer
forecasted



Question
These _________ usually are stated in equation form ( or set of equations) or in equations?

Answer
relationship



Question
Graphical methods of solving LP problems can only be used for problems with _________ unknowns vvariables

Answer
two



Question
Linear programming is a mathematical technique concerned with the allocation of _________

Answer
scarce resources



Question
A reliable analysis of what has happened in relevant field in recent years is the first step in obtaining a ________ of what is likely to happen in the future.

Answer
feed back Reliable estimate



Question
The locus of average of observed weight for given observed height is called __________

Answer
Regression curve



Question
The cyclical component is identified by _________ de-seasonalised variation around the trend line

Answer
measuring



Question
Lead time is the time normally taken in replenishing ________ after the order has been placed.

Answer
inventory



Question
To determine the re-order point under certainty you should know ___________

Answer
All of the above


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