quantitative-techniques
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DATE 06 Dec 2025
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About This Document
Document Type: This is a Study Notes, designed for Reviewing core curriculum material.
Context: Standard material from the 2017 academic period.
Key Content: Likely covers essential definitions, technical implementation, and theoretical concepts necessary for mastery of the subject.
Study Strategy: Summarize these notes into flashcards or mind maps to aid active recall and long-term retention.
Recommendation: comprehensive resource for students aiming to deepen their understanding of General Studies.
Detailed Content Overview
Introduction
This notes resource titled "quantitative-techniques" provides comprehensive exam preparation materials designed to test and enhance your understanding. This resource is structured to facilitate effective learning and retention of important information.
Key Topics Covered
Learning Objectives
- Master key concepts required for examination success
- Practice answering exam-style questions effectively
- Develop time management skills for timed assessments
- Identify and address knowledge gaps in understanding
Detailed Summary
CERTIFIED PROCUREMENT AND SUPPLY PROFESSIONAL (CPSP) PART II QUANTITATIVE TECHNIQUES FRIDAY: 1 December 2017. Marks allocated to each question are shown at the end of the question. SECTION A QUESTION ONE (a) Define the following terms as used in inventory management: Lead time. (1 mark) (ii) Economic Order Quantity (EOQ). (1 mark) (c) Given the matrices A = 2 2 (4 marks) op State FOUR assumptions of game theory. ch (b) 3 4 B = , –6 4 –4 0 and C = –2 2 Compute: (d) (i) A + ½ B. (1 mark) Highlight FIVE applications of linear programming. (5 marks) (Total: 20 marks) SECTION B QUESTION TWO (a) The management of County Beverages is planning to stock soft drinks from Brazil. The procurement manager has developed the following information regarding the product: Annual usage Cost of the product Ordering cost Carrying cost i. ke (i) - 5,400 units Sh. 55 per crate 28% per year of the inventory held PL2. 05 Page 1 Out of 3 Required: Determine: (b) (i) The optimal number of units per order. (4 marks) (ii) The optimal number of orders per year.
Study Tips & Recommendations
Time Management
Practice under timed conditions to improve speed and accuracy. Allocate specific time limits to each section.
Active Practice
Attempt all questions before checking answers. Review mistakes to understand where improvements are needed.
Mark Scheme Review
Study marking schemes carefully to understand how examiners award points and structure your answers accordingly.
Regular Review
Schedule periodic reviews to reinforce learning and combat forgetting. Use spaced repetition for optimal retention.
Content Preview
CERTIFIED PROCUREMENT AND SUPPLY PROFESSIONAL (CPSP) PART II QUANTITATIVE TECHNIQUES FRIDAY: 1 December 2017. Time Allowed: 3 hours. Answer ALL questions. Marks allocated to each question are shown at the end of the question. SECTION A QUESTION ONE (a) Define the following terms as used in inventory management: Lead time. (1 mark) (ii) Economic Order Quantity (EOQ). (1 mark) (iii) Buffer stock. (1 mark) (iv) Re-order level. (1 mark) (v) Re-order quantity. (1 mark) (c) Given the matrices A = 2 2...
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