ms4001_2025T3_Q2_NA.pdf
Industry 4.0 · Quiz 2 · Sep 2025
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Questions and published explanations below are available without starting a test. Some questions may not have a published solution yet.
Question 248 MCQ · 1.0 marks
Choose the correct term from the Column B for the description given in Column A. Note that one
to-one mapping in the table is not necessary.
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a.1 : b.4, a.2. : b.3, a.3: b.1
a.1 : b.4, a.2. : b.1, a.3: b.3
a.1 : b.4, a.2. : b.1, a.3: b.5
A published solution is not available for this question yet.
Question 249 NAT · 1.0 marks
In a EOQ calculation, the estimated and actual parameter values are given in Table 1. What is the
error in the EOQ calulation {error= (Qestimated - Qactual)/ Qactual }. (round your answer to two
decimal without the percentage sign eg, enter 10.12 if your answer is 10.12 %)
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A published solution is not available for this question yet.
Question 250 MCQ · 1.0 marks
Match the following columns by selecting the correct name from Column B for the labels in
column A which are depicted in the ‘**Figure: EOQ model**’ below:
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A:Cost; B:Quantity; C:Total Cost; D:Carrying cost; E:Order cost; F:EOQ(Q*)
A:Cost; B:Quantity; C:Total cost; D:Order cost; E:Carrying cost; F:EOQ(Q*)
A:Quantity; B:Cost; C:Total Cost; D:Carrying cost; E:Order cost; F:EOQ(Q*)
A:Cost; B:Quantity; C:Total Cost; D:Order cost; E:Carrying cost; F:EOQ(Q*)
A:Cost; B:EOQ(Q*); C:Total Cost; D:Order cost; E:Carrying cost; F:Quantity
A:Total cost; B:EOQ(Q*); C:Cost; D:Order cost; E:Carrying cost; F:Quantity
A:Total cost; B:Quantity; C:Cost; D:Carrying cost; E:Order cost; F: EOQ(Q*)
A published solution is not available for this question yet.
Question 251 MCQ · 1.0 marks
Pranjal is shopping in a departmental store. He has a list of items which he prepared at home
itself. He picked a few packets of tea as part of his list. He could see coffee packets and milk-
powder packets in the neighbouring shelves. He picked a few milk-powder packets, however these
are not part of his list. He was searching for Good-day biscuits. He could identify only one packet in
the shelf remaining. However, there were lot of Sun-fist biscuits lying in the next shelf. So he
picked ten Sun-fist packets. Now map the scenarios with the items below:
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P1-S1, P2-S3, P3-S4
P1-S2, P2-S1, P3-S3
P1-S2, P2-S1, P3-S4
A published solution is not available for this question yet.
Question 252 MCQ · 1.0 marks
Suppose, you are responsible for material purchase in an organization. You have demand forecast
of a product for next four weeks which are 3, 4, 2 and 4 units respectively. You need to purchase
one type of raw material to produce the final product to meet the above demand. Consider, one
unit of the final product requires one unit of this raw material. Whenever an order is placed, your
organization needs to incur a cost of $4 irrespective of the quantity ordered. Purchasing cost of
the raw material is $2 per unit. Holding cost of an item not gone for production at the end of a
week is $0.5 per week. You can order a maximum of 5 units in a week and the warehouse has
capacity to store upto 4 units of inventory in a week. Note that you need to meet the demand in
every week.
Solve the above problem using dynamic programming ( backward recursion) and answer the
given sub-questions for this problem.
What does the state variable represent?
How many units of the raw material needs to be purchased in a week
Ending inventory with the warehouse in each week
Beginning inventory with the warehouse in each week
A published solution is not available for this question yet.
Question 253 MCQ · 1.0 marks
Suppose, you are responsible for material purchase in an organization. You have demand forecast
of a product for next four weeks which are 3, 4, 2 and 4 units respectively. You need to purchase
one type of raw material to produce the final product to meet the above demand. Consider, one
unit of the final product requires one unit of this raw material. Whenever an order is placed, your
organization needs to incur a cost of $4 irrespective of the quantity ordered. Purchasing cost of
the raw material is $2 per unit. Holding cost of an item not gone for production at the end of a
week is $0.5 per week. You can order a maximum of 5 units in a week and the warehouse has
capacity to store upto 4 units of inventory in a week. Note that you need to meet the demand in
every week.
Solve the above problem using dynamic programming ( backward recursion) and answer the
given sub-questions for this problem.
What does the action set represents?
How many units of the raw material needs to be purchased in a week
Ending inventory with the warehouse in each week
Beginning inventory with the warehouse in each week
A published solution is not available for this question yet.
Question 254 MCQ · 1.5 marks
Which of the following model corresponds to Exponential Smoothing forecasting model?
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A published solution is not available for this question yet.
Question 255 MCQ · 1.0 marks
Which of the following examples can be referred as cyclic pattern?
Economic recission
Increases Ceiling Fan sales during winters
Increased tourist footfall towards the end of the year
A published solution is not available for this question yet.
Question 256 MSQ · 1.0 marks
Which are the two primary tasks of time series forecasting?
Identifying pattern
Identify variables of interest
Discovering relationships amongst variables of interest
A published solution is not available for this question yet.
Question 257 MSQ · 1.5 marks
Select the cost(s) from the following list which contribute(s) to the shortage cost:
Loss of customer goodwill
Loss due to customer return
Cost of losing a customer
Loss of profit associated with not delivering the product
A published solution is not available for this question yet.
Question 258 NAT · 1.0 marks
Ramu puts up a stall for Diwali Light (Diya) every year. He builds a Diya at a cost of Rs. 1 and earns
Rs.2 by selling each Diya. Any Diya not sold by Diwali will be discounted to 50 Paisa. From his
experience, Ramu knows that the demand is Uniformly Distributed within [800, 1000] units. Then
answer the given subquestions:
What is the Critical Ratio?( round off to two decimal places)
A published solution is not available for this question yet.
Question 259 NAT · 1.0 marks
Ramu puts up a stall for Diwali Light (Diya) every year. He builds a Diya at a cost of Rs. 1 and earns
Rs.2 by selling each Diya. Any Diya not sold by Diwali will be discounted to 50 Paisa. From his
experience, Ramu knows that the demand is Uniformly Distributed within [800, 1000] units. Then
answer the given subquestions:
What is the optimal order quantity that minimizes Ramu’s total cost?
A published solution is not available for this question yet.
Question 260 MSQ · 1.0 marks
Ramu puts up a stall for Diwali Light (Diya) every year. He builds a Diya at a cost of Rs. 1 and earns
Rs.2 by selling each Diya. Any Diya not sold by Diwali will be discounted to 50 Paisa. From his
experience, Ramu knows that the demand is Uniformly Distributed within [800, 1000] units. Then
answer the given subquestions:
If the cost of overstocking is less than the cost of understocking, where will the optimal order
quantity lies in the interval [800, 1000] units?
Toward left of the mean of uniform distribution [800,1000]
At the mean of uniform distribution [800,1000]
Towards right of the mean of uniform distribution [800,1000]
A published solution is not available for this question yet.
Question 261 NAT · 1.0 marks
Slipline Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the
market. Placing an order costs Rs. 150 to Slipline Co. and the inventory carrying charges work out
to 20% of the unit ribbon cost per year. Calculate the given subquestions:
What should be the order quantity which minimizes the total cost to Slipline Co.
A published solution is not available for this question yet.
Question 262 NAT · 1.0 marks
Slipline Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the
market. Placing an order costs Rs. 150 to Slipline Co. and the inventory carrying charges work out
to 20% of the unit ribbon cost per year. Calculate the given subquestions:
What is the number of orders per year?
A published solution is not available for this question yet.
Question 263 NAT · 1.0 marks
Slipline Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the
market. Placing an order costs Rs. 150 to Slipline Co. and the inventory carrying charges work out
to 20% of the unit ribbon cost per year. Calculate the given subquestions:
What is the annual order cost?
A published solution is not available for this question yet.
Question 264 NAT · 1.0 marks
Slipline Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the
market. Placing an order costs Rs. 150 to Slipline Co. and the inventory carrying charges work out
to 20% of the unit ribbon cost per year. Calculate the given subquestions:
What is the average inventory in the system?
A published solution is not available for this question yet.
Question 265 NAT · 1.0 marks
Slipline Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the
market. Placing an order costs Rs. 150 to Slipline Co. and the inventory carrying charges work out
to 20% of the unit ribbon cost per year. Calculate the given subquestions:
What is the annual inventory carrying cost?
A published solution is not available for this question yet.