IPMX14-OM1 Quiz July 2021 Total points 18/20

Closed Book and Closed Note Quiz. Online calculator is allowed. Duration of the Quiz is 15
Min. Max 10 Marks

Each correct Answer Carries HALF a Mark

The respondent's email (ipmx14068@iiml.ac.in) was recorded on submission of this form.

1. Demand for a product during Jan, Feb, Mar, Apr and May is noted as 1/1
150, 200, 100, 150 and 150 units respectively. Similarly, supply is
observed as constant at 150 units every month. In which month, the
cumulative demand is higher than the cumulative supply?

a. February

b. March

c. April

d. May

2. Which of the following approach(s) used to manage the demand of a 1/1

product?

a. Capacity reservation

b. Inventory accumulation

c. Hiring or firing of workforce

d. Outsourcing
3. Which of the following is more appropriate in respect of Moving 1/1
average method of forecast?

a. Increasing in number of periods in forecast smoothens the forecast

b. Suitable for forecasting trends in the data

c. Requires limited historical data

d. All the above

4. A forecasting technique consistently produces a negative tracking 1/1

signal. This means that

a. The forecasting technique consistently under predicts.

b. The forecast technique consistently over predicts

c. The MSE will also consistently be negative.

d. The MAPE will also consistently be negative.

5. Which of the following is more appropriate for on-time delivery of 1/1

orders?

a. SPT

b. LPT

c. EDD

d. All the above

6. In case of single resource scheduling, which is more appropriate 1/1
objective to consider?

a. Makespan

b. Total flow time

c. Lateness

d. Machine utilization

7. Which of the following can be met by managing quality of product or 1/1

service?

a. Differentiation

b. Cost

c. Responsiveness

d. All the above

8. Which of the following performance measure is more appropriate in 1/1

the case of make to order (MTO) or demand pull system?

a. Cycle time

b. Takt time

c. Flow time

d. All the above

 9. Which of the following statements about Just-in-Time is correct? 1/1

a. JIT is essential for a company involved in project work

b. JIT seeks to reduce inventory in an effort to reduce waste

c. JIT pushes inventory through the operations process.

d. JIT is only useful in a high product variety environment.

10. Which of the following dispatch rules tends to maximize the number 1/1
of jobs completed on time?

a. FCFS: First come, first serve

b. EDD: Earliest due date

c. SPT: Shortest processing time

d. LPT: Longest processing time

11. In process layout, similar equipment/machinery is arranged at one 0/1

location

True

False

Other:

Correct answer

True
12. Exponential smoothing is an example of an associative model. 1/1

True

False

13. Moving average method of forecast over estimates when the actual 1/1
sales has upward trend over the period.

True

False

14 Double exponential model is appropriate for data with trend and 1/1
seasonality

True

False

15. Standard error is used to set the prediction intervals in the forecast 1/1
model

True

False
16. Aggregate plan is used to develop specific course of action for a 1/1
product over a period of time

True

False

17. MAD and MSE values depend on magnitude of item being forecasted 1/1

True

False

18. Changing inventory levels is a capacity option for generating an 1/1

aggregate plan.

True

False

19. Johnson's Rule is used for sequencing N jobs on in a job shop 1/1
environment

True

False
 20. Chase strategy of is more appropriate in Make-to-Stock (MTS) 0/1
environment

True

False

Correct answer

False

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