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Optimization in Operations Research: Scheduling, Inventory, and Supply Chain Management

Description: This quiz will test your understanding of optimization techniques used in operations research, particularly in the areas of scheduling, inventory management, and supply chain management.
Number of Questions: 15
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Tags: operations research optimization scheduling inventory management supply chain management
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In a scheduling problem, the objective is to:

  1. Minimize the total completion time of all jobs.

  2. Minimize the total weighted completion time of all jobs.

  3. Minimize the total tardiness of all jobs.

  4. Maximize the total profit from all jobs.


Correct Option: A
Explanation:

In a scheduling problem, the primary objective is often to minimize the total completion time of all jobs, which is the sum of the completion times of all jobs.

Which of the following is a common heuristic used for solving scheduling problems?

  1. First-Come-First-Served (FCFS)

  2. Shortest Job First (SJF)

  3. Longest Job First (LJF)

  4. Earliest Due Date (EDD)


Correct Option: B
Explanation:

Shortest Job First (SJF) is a common heuristic used for scheduling problems. It prioritizes jobs with shorter processing times, aiming to minimize the average waiting time of jobs.

In inventory management, the economic order quantity (EOQ) is:

  1. The optimal quantity to order to minimize the total inventory cost.

  2. The optimal quantity to order to minimize the total ordering cost.

  3. The optimal quantity to order to minimize the total holding cost.

  4. The optimal quantity to order to minimize the total shortage cost.


Correct Option: A
Explanation:

The economic order quantity (EOQ) is the optimal quantity to order to minimize the total inventory cost, which includes ordering costs, holding costs, and shortage costs.

The bullwhip effect in supply chain management refers to:

  1. The amplification of demand variability as it moves upstream in the supply chain.

  2. The reduction of demand variability as it moves upstream in the supply chain.

  3. The increase in lead times as it moves upstream in the supply chain.

  4. The decrease in lead times as it moves upstream in the supply chain.


Correct Option: A
Explanation:

The bullwhip effect is the phenomenon where demand variability is amplified as it moves upstream in the supply chain, leading to inefficiencies and increased costs.

Which of the following is a common technique used for optimizing supply chain networks?

  1. Linear programming.

  2. Integer programming.

  3. Dynamic programming.

  4. Simulation.


Correct Option: A
Explanation:

Linear programming is a common technique used for optimizing supply chain networks, as it allows for the modeling of complex relationships and constraints between different components of the network.

In a supply chain, safety stock is held to:

  1. Buffer against demand uncertainty.

  2. Buffer against supply uncertainty.

  3. Buffer against both demand and supply uncertainty.

  4. Buffer against production uncertainty.


Correct Option: A
Explanation:

Safety stock is held in a supply chain to buffer against demand uncertainty, ensuring that there is sufficient inventory to meet customer demand even when demand is higher than expected.

Which of the following is a common technique used for forecasting demand in supply chain management?

  1. Moving average.

  2. Exponential smoothing.

  3. Linear regression.

  4. Time series analysis.


Correct Option: B
Explanation:

Exponential smoothing is a common technique used for forecasting demand in supply chain management, as it allows for the incorporation of historical data and the adjustment of forecasts based on recent trends.

In a scheduling problem, a Gantt chart is used to:

  1. Visualize the sequence of jobs and their processing times.

  2. Visualize the resource allocation over time.

  3. Visualize the progress of jobs over time.

  4. Visualize the critical path of jobs.


Correct Option: A
Explanation:

A Gantt chart is a graphical representation that visualizes the sequence of jobs and their processing times, allowing for easy identification of bottlenecks and resource conflicts.

In inventory management, the reorder point is:

  1. The level of inventory at which a new order is placed.

  2. The level of inventory at which a safety stock is held.

  3. The level of inventory at which a discount is offered.

  4. The level of inventory at which a production run is started.


Correct Option: A
Explanation:

The reorder point is the level of inventory at which a new order is placed to replenish the inventory before it reaches a critical level.

In supply chain management, a distribution center is used to:

  1. Store and distribute goods to customers.

  2. Store and distribute goods to retailers.

  3. Store and distribute goods to manufacturers.

  4. Store and distribute goods to suppliers.


Correct Option: A
Explanation:

A distribution center is a facility used to store and distribute goods to customers, typically located in close proximity to customer markets.

Which of the following is a common technique used for optimizing inventory levels in a supply chain?

  1. Safety stock optimization.

  2. Reorder point optimization.

  3. Lead time optimization.

  4. Demand forecasting optimization.


Correct Option: A
Explanation:

Safety stock optimization is a common technique used for optimizing inventory levels in a supply chain, aiming to minimize the total cost associated with holding safety stock while ensuring a desired level of service.

In a scheduling problem, the critical path is:

  1. The longest path through the network of jobs.

  2. The shortest path through the network of jobs.

  3. The path with the most dependencies.

  4. The path with the least dependencies.


Correct Option: A
Explanation:

The critical path in a scheduling problem is the longest path through the network of jobs, determining the minimum time required to complete all jobs.

Which of the following is a common technique used for optimizing supply chain networks?

  1. Linear programming.

  2. Integer programming.

  3. Dynamic programming.

  4. Simulation.


Correct Option: A
Explanation:

Linear programming is a common technique used for optimizing supply chain networks, as it allows for the modeling of complex relationships and constraints between different components of the network.

In a supply chain, a cross-docking facility is used to:

  1. Receive and distribute goods without storing them.

  2. Receive and store goods before distributing them.

  3. Store and distribute goods to customers.

  4. Store and distribute goods to retailers.


Correct Option: A
Explanation:

A cross-docking facility is a facility used to receive and distribute goods without storing them, typically used to reduce inventory holding costs and improve supply chain efficiency.

Which of the following is a common technique used for optimizing scheduling problems?

  1. Branch-and-bound.

  2. Dynamic programming.

  3. Lagrangian relaxation.

  4. Simulated annealing.


Correct Option: A
Explanation:

Branch-and-bound is a common technique used for optimizing scheduling problems, particularly for large and complex problems, as it systematically explores the solution space and identifies the optimal solution.

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