Question

OPERATIONS RESEARCH/MANAGEMENT SCIENCE MATHEMATICAL MODELS MATCHING:ONE answer each (5)

1. Queueing Theory

2. Delivery Problem

3. Just In Time Systems

4. Linear Programming

5. Requisition Objective

and Reorder Point

135. Mathematical analysis to optimize the quantity of, for example, a store’s cash registers/payment lines.

136. Simple, but useful, inventory management algorithms.

137. Optimizes the use of limited resources, such as raw materials, when manufacturing multiple products.

138. Modern purchasing and inventory systems which keep the amount of time that the items spend in inventory to a minimum.

139. Optimizes delivery routes.

Answer 1

The correct matching is as follows:

135. Mathematical analysis to optimize the quantity of, for example, a store’s cash registers/payment lines.	A. Queuing Theory
136. Simple, but useful, inventory management algorithms.	E. Requisition Objective and Reorder Point
137. Optimizes the use of limited resources, such as raw materials, when manufacturing multiple products.	D. Linear Programming
138. Modern purchasing and inventory systems which keep the amount of time that the items spend in inventory to a minimum.	C. Just In Time Systems
139. Optimizes delivery routes.	B. Delivery Problem