Industry 4.0 · Quiz 2 · Sep 2022

Which of these do not come under the principles of IoT?

Common methods of identifying patterns in historical data are:

Which of the following are not applications of IIOT?

Select the correct segment of a supply chain from Column B for the movement types in Column A. Note that one-to-one mapping in the table is not necessary.

Choose the correct term from Column B for the description given in Column A. Note that one-to- one mapping in the table is not necessary.

Answer the given subquestions based on the below case A company knows that the demand for its product during each of the next four months will be as follows: month 1, 1 unit; month 2, 3 units; month 3, 2 units; month 4, 4 units. At the beginning of each month, the company must determine how many units should be produced during the current month. During a month in which any units are produced, a setup cost of $3 is incurred. In addition, there is a variable cost of $1 for every unit produced. At the end of each month, a holding cost of 50¢ per unit on hand is incurred. Capacity limitations allow a maximum of 5 units to be produced during each month. The size of the company’s warehouse restricts the ending inventory for each month to 4 units at most. The company wants to determine a production schedule that will meet all demands on time and will minimize the sum of production and holding costs during the four months. Assume that 0 units are on hand at the beginning of the first month.

What is the total cost of production for the optimal production schedule?

Answer the given subquestions based on the below case A company knows that the demand for its product during each of the next four months will be as follows: month 1, 1 unit; month 2, 3 units; month 3, 2 units; month 4, 4 units. At the beginning of each month, the company must determine how many units should be produced during the current month. During a month in which any units are produced, a setup cost of $3 is incurred. In addition, there is a variable cost of $1 for every unit produced. At the end of each month, a holding cost of 50¢ per unit on hand is incurred. Capacity limitations allow a maximum of 5 units to be produced during each month. The size of the company’s warehouse restricts the ending inventory for each month to 4 units at most. The company wants to determine a production schedule that will meet all demands on time and will minimize the sum of production and holding costs during the four months. Assume that 0 units are on hand at the beginning of the first month.

What is the inventory at the beginning of month 2 using the optimal production schedule?

Answer the given subquestions based on the below case A company knows that the demand for its product during each of the next four months will be as follows: month 1, 1 unit; month 2, 3 units; month 3, 2 units; month 4, 4 units. At the beginning of each month, the company must determine how many units should be produced during the current month. During a month in which any units are produced, a setup cost of $3 is incurred. In addition, there is a variable cost of $1 for every unit produced. At the end of each month, a holding cost of 50¢ per unit on hand is incurred. Capacity limitations allow a maximum of 5 units to be produced during each month. The size of the company’s warehouse restricts the ending inventory for each month to 4 units at most. The company wants to determine a production schedule that will meet all demands on time and will minimize the sum of production and holding costs during the four months. Assume that 0 units are on hand at the beginning of the first month.

What is the inventory at the end of month 2 using the optimal production schedule?

Answer the given subquestions based on the below case A company knows that the demand for its product during each of the next four months will be as follows: month 1, 1 unit; month 2, 3 units; month 3, 2 units; month 4, 4 units. At the beginning of each month, the company must determine how many units should be produced during the current month. During a month in which any units are produced, a setup cost of $3 is incurred. In addition, there is a variable cost of $1 for every unit produced. At the end of each month, a holding cost of 50¢ per unit on hand is incurred. Capacity limitations allow a maximum of 5 units to be produced during each month. The size of the company’s warehouse restricts the ending inventory for each month to 4 units at most. The company wants to determine a production schedule that will meet all demands on time and will minimize the sum of production and holding costs during the four months. Assume that 0 units are on hand at the beginning of the first month.

What is the production quantity for month 3?

Answer the given subquestions based on the below case A company knows that the demand for its product during each of the next four months will be as follows: month 1, 1 unit; month 2, 3 units; month 3, 2 units; month 4, 4 units. At the beginning of each month, the company must determine how many units should be produced during the current month. During a month in which any units are produced, a setup cost of $3 is incurred. In addition, there is a variable cost of $1 for every unit produced. At the end of each month, a holding cost of 50¢ per unit on hand is incurred. Capacity limitations allow a maximum of 5 units to be produced during each month. The size of the company’s warehouse restricts the ending inventory for each month to 4 units at most. The company wants to determine a production schedule that will meet all demands on time and will minimize the sum of production and holding costs during the four months. Assume that 0 units are on hand at the beginning of the first month.

What is the production quantity for month 4?