Quiz Space

Industry 4.0 · Quiz 2 · 12 Apr 2026 · January 2026 term

Industry 4.0 Quiz 2 12 Apr 2026 — Question 7

Question 7

+1.5 marksOne or more correct options

Select the assumptions for single period newsvendor model.

Select all that apply.

  1. A

    Products are separable

  2. B

    Demand is deterministic

  3. C

    Inventory decision or deliveries are made before the demand is realized

  4. D

    Overstocking and Understocking costs are linear to the quantities

Show answer

Correct answers

  • A

    Products are separable

  • C

    Inventory decision or deliveries are made before the demand is realized

  • D

    Overstocking and Understocking costs are linear to the quantities

See the whole paperTake it as a mock test

Question 7 of 21 in the IIT Madras BS Industry 4.0 (Industry 4.0) Quiz 2 paper sat on 12 Apr 2026, in the January 2026 term (Industry 4.0 07 Apr 26). It carries 1.5 marks.

This question was also asked in

More questions from this paper

  1. Q1Choose the correct category in Column B for the costs in Column A
  2. Q2Pranjal is shopping in a departmental store. He has a list of items which he prepared at home itself. He picked a few p…
  3. Q3Which of the following examples can be referred as cyclic pattern?
  4. Q4What does the state variable represent?
  5. Q5What does the action set represent?
  6. Q6Select the cost(s) from the following list which contribute(s) to the shortage cost:
  7. Q8Match the following columns by selecting the correct name from Column B for the labels in column A which are depicted i…
  8. Q9Which of the following model corresponds to Exponential Smoothing forecasting model?
  9. Q10Figure question
  10. Q11What is the Critical Ratio? (round off your answer to two decimal places)
  11. Q12What is the optimal order quantity that minimizes Ramu’s total cost?
  12. Q13If the cost of overstocking is less than the cost of understocking, where will the optimal order quantity lies in the i…
  13. Q14LIMAT Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the market. Placing an o…
  14. Q15LIMAT Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the market. Placing an o…
  15. Q16LIMAT Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the market. Placing an o…
  16. Q17LIMAT Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the market. Placing an o…
  17. Q18LIMAT Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the market. Placing an o…
  18. Q19Suppose, you are responsible for material purchase in an organization. You have demand forecast of a product for next f…
  19. Q20Ramu puts up a stall for Diwali Light (Diya) every year. He builds a Diya at a cost of Rs. 1 and earns Rs.2 by selling …
  20. Q21LIMAT Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the market. Placing an o…