Mechanical Engineering - Industrial Engineering and Production Management - Discussion

Discussion Forum : Industrial Engineering and Production Management - Section 1 (Q.No. 48)

Industrial Engineering and Production Management

48.

Which of the following statement is correct?

A-B-C analysis is based on Pareto's principle.

Simulation can be used for inventory control.

Economic order quantity formula ignores variations in demand pattern

all of the above

Answer: Option

Explanation:

No answer description is available. Let's discuss.

Discussion:

13 comments Page 1 of 2.

Swapnil said: 4 years ago

I think D is the correct ans, as EOQ formula does not account variations in demand, it takes the constant annual demand.

(1)

Nikhil said: 9 years ago

Why not the answer is C option? As in economic order analysis the demand is constant for deterministic model?

Anup said: 8 years ago

B is also correct and yes it is a deterministic model so option D is the correct option and no doubt ABC is based on Pareto's principle.

PRINCE said: 8 years ago

I think D is the correct answer.

Nitin said: 7 years ago

I think the answer is D.

Senthil said: 7 years ago

What is simulation in inventory control?

Amit Sahani said: 7 years ago

D is the right answer.

Brijesh kumar said: 4 years ago

Agree, I also think D is the correct answer.

Vinay said: 4 years ago

It is all of the above.

Brijesh kumar said: 4 years ago

I also think D is correct.

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