​Match List I with List II:​

Choose the correct answer from the options given below:

Correct option is C

The correct match is: A – III, B – IV, C – II, D – I:

Information Booster:

A. Grouping of products → Aggregate Planning (III):
Grouping of products is an important function in aggregate planning, where similar products are grouped into families for medium-term production planning. The objective is to balance supply and demand efficiently across product groups.

B. Allocation of job tasks → Assignment Model (IV):
Allocation of tasks to resources (e.g., assigning people to jobs or machines) is done using the Assignment Model, which is a special case of linear programming used to minimize cost or maximize efficiency.

C. Evaluating facility location → Transportation Model (II):
Facility location decisions often involve minimizing the cost of transporting goods from multiple sources to multiple destinations, which is the core function of the Transportation Model.

D. Demand forecasting → Delphi Method (I):
The Delphi Method is a structured communication technique used for forecasting, especially in situations involving expert opinion. It is particularly valuable in predicting future demand where quantitative data is limited or uncertain.

​Additional Knowledge:

• Aggregate Planning focuses on setting overall production levels for product groups based on forecast demand and capacity, especially useful in seasonal industries.

• Assignment Model optimizes the allocation of limited resources (like workers, machines) to specific tasks to minimize cost or time.

• Transportation Model helps in determining the most cost-effective distribution strategy from multiple warehouses to various customer zones.

• Delphi Method involves iterative rounds of anonymous expert surveys to reach a consensus on future predictions, especially in demand and technology forecasting.

These models support structured and quantitative decision-making in operations, logistics, and strategic planning.