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Question 2 NAT · 2.0 marks
GreenLeaf Chemicals Pvt. Ltd. manufactures liquid fertilizers. One of the main raw materials
required is Chemical X. The production department has reported the following annual usage
details:
• Annual requirement of Chemical X: 12,000 liters
• Cost of placing a purchase order: ₹150 per order
• Annual holding (carrying) cost per liter: ₹2
Due to limited warehouse capacity, the management wants to optimize inventory levels and
reduces unnecessary ordering costs. The purchase manager has suggested calculating the
Economic Order Quantity (EOQ) to determine the best ordering policy.
As the newly appointed Inventory Analyst, you are asked to calculate the given subquestions:
What is the Economic Order Quantity (EOQ) in liters/order
A published solution is not available for this question yet.
GreenLeaf Chemicals Pvt. Ltd. manufactures liquid fertilizers. One of the main raw materials
required is Chemical X. The production department has reported the following annual usage
details:
• Annual requirement of Chemical X: 12,000 liters
• Cost of placing a purchase order: ₹150 per order
• Annual holding (carrying) cost per liter: ₹2
Due to limited warehouse capacity, the management wants to optimize inventory levels and
reduces unnecessary ordering costs. The purchase manager has suggested calculating the
Economic Order Quantity (EOQ) to determine the best ordering policy.
As the newly appointed Inventory Analyst, you are asked to calculate the given subquestions:
What is the number of purchase orders to be placed per year?
[Assume 1 year=52 weeks]
A published solution is not available for this question yet.
Colony Shop is stocking heavy coats for next winter. Colony pays $50 for coat and sells it for $110.
At the end of the winter season, Colony Shop offers the coats at $55 each. The demand for coats
during the winter season is more than 20 but less than or equal to 30, all with equal probabilities.
Determine the optimal order quantity that will maximize revenue for Colony Shop. Consider
demand to be continuous.
A published solution is not available for this question yet.
Suppose you need to accept reservation for a flight. There are total 100 seats in the aircraft. You
have two classes of passengers - economy and business. One economy seat gets you 2,500 Rs of
revenue while a business seat gets 7,500 Rs. From your experience, you know the demand for
business travelers follows a uniform distribution in [10,40]. Then answer the given subquestions:
What is the Booking limit?
A published solution is not available for this question yet.
Suppose you need to accept reservation for a flight. There are total 100 seats in the aircraft. You
have two classes of passengers - economy and business. One economy seat gets you 2,500 Rs of
revenue while a business seat gets 7,500 Rs. From your experience, you know the demand for
business travelers follows a uniform distribution in [10,40]. Then answer the given subquestions:
What is the protection level?
A published solution is not available for this question yet.
A factory works for two 8-hour shifts each day and produces a total of 24,000 electric bulbs using a
set of workstations. There are 8 activities required to manufacture the bulb, such that the sum of
all activity times is equal to 12 seconds. How many workstations are required to main the specified
level of production (assuming that activities can be combined into those workstations in any order)
(enter your answer in numeric value)?
A published solution is not available for this question yet.
There are four demand points at A(1,2), B(2,3), C(3,5), D(4,1). The respective demand at these
points are 7, 1, 3, 5. Select the optimal location based on cross-median approach.
6406536040519.
(2,2)
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(3,2)
6406536040521.
(2.5,2)
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(2,3)
A published solution is not available for this question yet.
A contractor estimates that the size of the workforce needed over the next 5 weeks is 5, 7, 8, 4 and
6 workers, respectively. Excess labour kept on the force will cost $300 per worker per week, and
new hiring in any week will incur a fixed cost of $400 plus $200 per worker per week. The objective
is to minimize the total cost of labour needed for the project. If Dynamic Programming is applied
to this problem, answer the given subquestions:
How is a stage represented by?
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Week
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Number of labours available in a week
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Number of new hires in a week
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Total cost of labour in a week.
A published solution is not available for this question yet.
A contractor estimates that the size of the workforce needed over the next 5 weeks is 5, 7, 8, 4 and
6 workers, respectively. Excess labour kept on the force will cost $300 per worker per week, and
new hiring in any week will incur a fixed cost of $400 plus $200 per worker per week. The objective
is to minimize the total cost of labour needed for the project. If Dynamic Programming is applied
to this problem, answer the given subquestions:
What are the alternatives in a stage?
6406536040551.
Week
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Number of new hires in a week
6406536040553.
Number of labours in a week
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Number of labours available at the end of previous week
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Total cost of labour in a week.
A published solution is not available for this question yet.
A contractor estimates that the size of the workforce needed over the next 5 weeks is 5, 7, 8, 4 and
6 workers, respectively. Excess labour kept on the force will cost $300 per worker per week, and
new hiring in any week will incur a fixed cost of $400 plus $200 per worker per week. The objective
is to minimize the total cost of labour needed for the project. If Dynamic Programming is applied
to this problem, answer the given subquestions:
What is the optimal solution (objective function value) in Stage 5 when the state variable takes
value 4?
A published solution is not available for this question yet.
The owner of a newsstand wants to determine the number of newspapers of USA Now to be
stocked at the start of each day. The owner pays 30 cents for a copy and sells it for 75 cents. The
sale of the newspaper typically occurs between 7:00 and 8:00 am. Newspaper left at the end of the
day are recycled for an income of 5 cents a copy. How many copies should the owner stock every
morning, assuming that the demand for the day can be described as:
Based on the above data, answer the given subquestions.
How many copies should the owner stock each morning, assuming that the daily demand follows
a normal distribution with a mean of 300 copies and a standard deviation of 20 copies?
[Standard_Norm_inv(critical fractile)=0.643]
A published solution is not available for this question yet.
The owner of a newsstand wants to determine the number of newspapers of USA Now to be
stocked at the start of each day. The owner pays 30 cents for a copy and sells it for 75 cents. The
sale of the newspaper typically occurs between 7:00 and 8:00 am. Newspaper left at the end of the
day are recycled for an income of 5 cents a copy. How many copies should the owner stock every
morning, assuming that the demand for the day can be described as:
Based on the above data, answer the given subquestions.
How many copies should the owner stock each morning, assuming that the daily demand follows
a discrete probability distribution, f(D), defined as follows?
A published solution is not available for this question yet.
Geet Mobile manufactures mobile phones of various types. Their product portfolio comprises of
15 types of headsets. These headsets comprise of limited types of components. Only a few of the
components needs customization for different headsets. Which facility layout will best suit for
Geet Mobile’s production?
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Product layout
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Group layout
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Fixed position layout
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All of these
A published solution is not available for this question yet.
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 Sunfist packets. Now map the scenarios with the items below:
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P1-S1, P2-S3, P3-S4
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P1-S2, P2-S1, P3-S3
6406536040576.
P1-S2, P2-S1, P3-S4
A published solution is not available for this question yet.