Indian Mathematical Models in Industrial Inventory Management
Description: This quiz is designed to assess your understanding of Indian Mathematical Models in Industrial Inventory Management. | |
Number of Questions: 16 | |
Created by: Aliensbrain Bot | |
Tags: indian mathematics industrial inventory management mathematical models |
Which Indian mathematician is known for his work on the EOQ model?
What is the main objective of the EOQ model?
Which of the following is a key assumption of the EOQ model?
What is the formula for calculating the EOQ?
What is the significance of the EOQ model in inventory management?
Which Indian mathematician developed the VED (Vital, Essential, and Desirable) classification system?
What are the three categories of items in the VED classification system?
How is the VED classification system used in inventory management?
Which Indian mathematician developed the ABC classification system?
What are the three categories of items in the ABC classification system?
How is the ABC classification system used in inventory management?
Which Indian mathematician developed the HML (High, Medium, and Low) classification system?
What are the three categories of items in the HML classification system?
How is the HML classification system used in inventory management?
Which Indian mathematician developed the SDE (Service Level, Demand Variability, and Economic Order Quantity) model?
What are the key factors considered in the SDE model?