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Indian Mathematical Models in Industrial Supply Chain Management

Question 1 of 15

Which Indian mathematical model is widely used for optimizing inventory levels in supply chains?

  1. Economic Order Quantity (EOQ) Model
  2. Materials Requirement Planning (MRP) Model
  3. Just-in-Time (JIT) Model
  4. Distribution Resource Planning (DRP) Model

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000