Question

(D) inventory planning
4. What can be defined as a useful idle resources which has economic value eg. Raw materials spare parts etc.
(A) inventory control
(B) inventory
(C) inventory planning
(D) inventory planning
5. Which technique is used to imitate an operation prior to actual performance
(A) simulation
(B) integrated production models
(C) inventory control
(D) game theory
6. What is concerned with the prediction of replacement cost and determination of the most economic
replacement policy
(A) search theory
(B) theory of replacement
(C) probabilistic programming
(D) none of the above
7. What refers to linear programming that includes an evaluation of relative risks and uncertainties in various
alternatives of choice for management desisions

Answer 1

Explanation:

4 inventory

5 simulation

6theory