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Quantitative
Methods
1. What is model and give 4
examples . State their properties , advantages and limitation.
2. What are the types of
inventories ? explain
3. What is replacement problem ?
Describe some important replacement situation and policies ?
4. What is operation Research ?
Account for the growing importance Research in business ?
5. Briefly discuss the Delphi
method of making forecasts.
6. Define an OR model and give 4
examples. State properties, advantages & limitations
7. How do you distinguish between
resource leveling and resource allocation problems? State and explain an
algorithm for resource allocation.
8. What are different types of
inventories? Explain. What functions does inventory perform? State the two
basic inventory decisions management must make as they attempt to accomplish
the functions of inventory just described by you.
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