## A refrigerator manufacturing company forecasts the demand at the rate of 550 units per month, for th….

A refrigerator manufacturing company forecasts the demand at the rate of 550 units per month, for the next three months. If the actual demand is found to be 450, 610 and 750 units, what will be the mean absolute deviation (MAD) and the Bias, respectively?

## Match the ‘List-I’ (Features) with the ‘List-II’ (Types of forecasting) and choose the correct answe….

Match the ‘List-I’ (Features) with the ‘List-II’ (Types of forecasting) and choose the correct answer using the codes given below in the lists: List-I List-II P. A manger's guesses and judgements concerning future events 1. Casual forecasting Q. Casting forward past data in some systematic method 2. Demand based...

## For the transportation problem shown below, the optimum solution will be….

For the transportation problem shown below, the optimum solution will be

## Consider the following LPP:Minimize           &nbs….

Consider the following LPP:Minimize                      z = − 2x1 − x2Subject to                    x1 + x2  2                                   x1 + x2  4           ...

## An engine oil company is concerned about its stocks of engine oil. This costs Rs. 240 a litre and th….

An engine oil company is concerned about its stocks of engine oil. This costs Rs. 240 a litre and there is a demand for 8000 litres a week. Each replenishment costs Rs. 1050 for administration and Rs. 1650 for delivery, while holding costs are estimated at 25% of value...

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## For a product, the sales of May is 515 units. The forecast for April is 500 units, while the trend f….

For a product, the sales of May is 515 units. The forecast for April is 500 units, while the trend factor for same is  = – 2.0. What will be the exponential smoothed forecast with trend correction and the forecast error, respectively for the sales of May when  = 0.1b?

## Match ‘List-I’ with ‘List-II’ and select the correct answer using the codes given below in the lists….

Match ‘List-I’ with ‘List-II’ and select the correct answer using the codes given below in the lists: List – I List – II P. PERT activity 1. Constructed only to establish sequence Q. CPM 2. It is built on activity oriented diagram R. Dummy activity 3. Has zero total...

## At a workstation of an assembly line, semi-finished components arrive at an average rate of 2 per mi….

At a workstation of an assembly line, semi-finished components arrive at an average rate of 2 per minute according to the Poisson distribution. Two alternative machines P and Q are available at this workstation for the specific operation. Whenever a component is idle awaiting the machine to get free,...

## Match ‘List – I’ (Files in MRP) with ‘List – II’ (Inputs required) and select the correct answer usi….

Match ‘List – I’ (Files in MRP) with ‘List – II’ (Inputs required) and select the correct answer using the codes given below in the lists:                         List – I                ...

## Which one of the following distributions is assumed for timing the activities in PERT network?….

Which one of the following distributions is assumed for timing the activities in PERT network?

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