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Question 2 NAT · 2.0 marks
The owner of a newsstand wants to determine the number of newspapers of USA Now to be
stocked at the start of each day. The owner pays 30 cents for a copy and sells it for 75 cents. The
sale of the newspaper typically occurs between 7:00 and 8:00 am. Newspaper left at the end of the
day are recycled for an income of 5 cents a copy. How many copies should the owner stock every
morning, assuming that the demand for the day can be described as:
Based on the above data, answer the given subquestions.
How many copies should the owner stock each morning, assuming that the daily demand follows
a normal distribution with a mean of 300 copies and a standard deviation of 20 copies?
[Standard_Norm_inv(critical fractile)=0.643]
A published solution is not available for this question yet.
The owner of a newsstand wants to determine the number of newspapers of USA Now to be
stocked at the start of each day. The owner pays 30 cents for a copy and sells it for 75 cents. The
sale of the newspaper typically occurs between 7:00 and 8:00 am. Newspaper left at the end of the
day are recycled for an income of 5 cents a copy. How many copies should the owner stock every
morning, assuming that the demand for the day can be described as:
Based on the above data, answer the given subquestions.
How many copies should the owner stock each morning, assuming that the daily demand follows
a discrete probability distribution, f(D), defined as follows?
A published solution is not available for this question yet.
Suppose you need to accept reservations for a flight with a total of 100 seats available. There are
two classes of passengers: economy and business. An economy seat generates ₹2,500 in revenue,
while a business seat generates ₹7,500. Based on past experience, the demand for business
travellers follows a uniform distribution between 10 and 40. Answer the given subquestions.
What is the Booking limit?
A published solution is not available for this question yet.
Suppose you need to accept reservations for a flight with a total of 100 seats available. There are
two classes of passengers: economy and business. An economy seat generates ₹2,500 in revenue,
while a business seat generates ₹7,500. Based on past experience, the demand for business
travellers follows a uniform distribution between 10 and 40. Answer the given subquestions.
What is the protection level?
A published solution is not available for this question yet.
A store sells a seasonal product with demand following a normal distribution, having a mean of
500 units and a standard deviation of 75 units. Each unit is purchased for ₹200 and sold for ₹350.
Any leftover stock is cleared at a discounted price of ₹100 per unit.
Based on the above data, answer the given subquestions.
Determine the optimal order quantity. ( Z -value = 0.25)
A published solution is not available for this question yet.
A store sells a seasonal product with demand following a normal distribution, having a mean of
500 units and a standard deviation of 75 units. Each unit is purchased for ₹200 and sold for ₹350.
Any leftover stock is cleared at a discounted price of ₹100 per unit.
Based on the above data, answer the given subquestions.
If the store orders 520 units, what is the probability of a stockout? (probability corresponding to
the Z -value = 0.06064) (enter your answer without the percentage symbol and rounded off to two
decimals. E.g. if your answer is 39.223%, enter your answer as 39.22)
A published solution is not available for this question yet.
The Egg Dropping Problem is a Dynamic Programming (DP) problem that helps determine the
minimum number of attempts needed to find the highest floor from which an egg can be dropped
without breaking.
Based on the above data, answer the given subquestions.
What is the state variable here?
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Number of eggs on hand
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Number of floors
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Number of eggs that got broken
A published solution is not available for this question yet.
The Egg Dropping Problem is a Dynamic Programming (DP) problem that helps determine the
minimum number of attempts needed to find the highest floor from which an egg can be dropped
without breaking.
Based on the above data, answer the given subquestions.
How a stage is defines
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Number of eggs on hand
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Number of floors
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Number of eggs that got broken
A published solution is not available for this question yet.
Rahul owns a tea distribution business in Assam. He sources premium tea leaves from local tea
gardens and supplies them to various retailers. To manage his inventory efficiently, he wants to
determine the optimal order quantity for his stock.
i) The annual demand for tea leaves is 24,000 kg.
ii) The cost of placing an order (ordering cost) is ₹500 per order.
iii) The carrying cost per kg of tea per year is ₹2.
Rahul wants to minimize his total inventory cost by ordering the optimal quantity each time.
Answer the given three subquestions
Calculate the Economic Order Quantity (EOQ) for Rahul's business.
A published solution is not available for this question yet.
Rahul owns a tea distribution business in Assam. He sources premium tea leaves from local tea
gardens and supplies them to various retailers. To manage his inventory efficiently, he wants to
determine the optimal order quantity for his stock.
i) The annual demand for tea leaves is 24,000 kg.
ii) The cost of placing an order (ordering cost) is ₹500 per order.
iii) The carrying cost per kg of tea per year is ₹2.
Rahul wants to minimize his total inventory cost by ordering the optimal quantity each time.
Answer the given three subquestions
How many orders should Rahul place per year?
A published solution is not available for this question yet.
Rahul owns a tea distribution business in Assam. He sources premium tea leaves from local tea
gardens and supplies them to various retailers. To manage his inventory efficiently, he wants to
determine the optimal order quantity for his stock.
i) The annual demand for tea leaves is 24,000 kg.
ii) The cost of placing an order (ordering cost) is ₹500 per order.
iii) The carrying cost per kg of tea per year is ₹2.
Rahul wants to minimize his total inventory cost by ordering the optimal quantity each time.
Answer the given three subquestions
What is the total cost associated with holding inventory at EOQ?
A published solution is not available for this question yet.
Rana Bakery, a company, uses a layout consisting of 9 workstations. Each day, 200 sandwiches are
produced using this layout. A typical workday consists of a single 10-hour shift. The sandwich-
making process comprises 9 activities, as detailed in the table below.
What is the current efficiency of the line where each activity is performed at a separate
workstation? (Enter only the numerical value up to two decimal places without the '%' symbol. For
example, if the answer is 99.756%, enter only '99.76').
A published solution is not available for this question yet.
You visit the car service center to get your car washed. In the service center, washing done using
automated systems, e.g. the car is put on a moving belt, water is sprayed, drying is also done.
Which of the following terms represents this scenario?
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Digitization
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Automation
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Digital transformation
A published solution is not available for this question yet.
