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Mechanical Engineering · Q115

Industrial Engineering And Production Management

Engineering and GATE · Mechanical Engineering · question 115

Q115

Which of the following statement is correct?

A.
A-B-C analysis is based on Pareto's principle
Answer
B.
Simulation can be used for inventory control
C.
Economic order quantity formula ignores variations in demand pattern
D.
All of the above

Answer: Option A

Solution

Answer: Option A
Solution:
A-B-C analysis is based on Pareto's principle
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