A feasible solution to the linear programming problem should
Satisfy the problem constraints
Optimise the objective function
Satisfy the problem constraints and non-negativity restrictions
Satisfy the non-negativity restrictions
Correct Answer :
C. Satisfy the problem constraints and non-negativity restrictions
Related Questions
If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Rowan plan, wages for the job will be
TR
TR + [(S - T)/2] × R
TR + (S - T) × R
TR + [(S - T)/S] × R
Pick up the correct statement from the following
If the float is positive and the activity is delayed by a period equal to its total float, the completion of project in no delayed
If the float of an activity is negative, delay in its performance is bound to delay the completion of project
If the float of an activity is zero, the activity is critical and any delay in its performance will delay the whole project
All of the above
Which one of the following chart gives simultaneously information about the progress of work and machine loading?
Process chart
Machine load chart
Man-machine chart
Gantt chart
According to Muther, the basic principle of best layout is
Principle of overall integration
Principle of flow
Principle of flexibility
All of these
According to MAPI formula, the old machine should be replaced by new one when (CAM = Challenger's Adverse minimum DAM = Defender's Adverse minimum)
CAM < DAM
CAM > DAM
CAM = DAM
There is no such criterion
Micro-motion study is
Analysis of one stage of motion chart
Motion study, when seen on a time chart
Subdivision of an operation into therbligs and their analysis
Enlarged view of motion study
Work study is mainly aimed at
Determining the most efficient method of performing a job
Establishing the minimum time of completion of a job
Developing the standard method and standard time of a job
Economising the motions involved on the part of the worker while performing a job
Which of the following statement is wrong?
An activity consumes time and resources whereas an event does not consume time or resources.
The performance of a specific task is called an activity.
An event is an instantaneous point in time at which an activity begins or ends.
The turning of a job on lathe is an event whereas job turned is an activity.
In value engineering, important consideration is given to
Customer satisfaction
Function concept
Profit maximisation
Cost reduction
Critical path method
Helps in ascertaining time schedules
Makes better and detailed planning possible
Provides a standard method for communicating project plans schedules and to time and cost performance
All of the above
Time study is
The appraisal, in terms of time, of the value of work involving human effort
Machine setting time
Time taken by workers to do a job
Method of fixing time for workers
The appellate authority for an industrial dispute is
Management
Labour court
High court/supreme court
Board of directors
A company spends considerable amount on publicity to promote sales. This expenditure in break even chart is shown below the
Fixed cost line
Variable cost line
Total cost line
Sales revenue line
Work sampling is applied for
Estimation of the percentage utilisation of machine tools
Estimating the percentage of the time consumed by various job activities
Finding out time standards, specially where the job is not repetitive and where time study by stop watch method is not possible
All of the above
Breakeven point is the point where
Fixed and variable cost lines intersect
Fixed and total cost lines intersect
Variable and total cost lines intersect
Sales revenue and total expensive lines intersect
A dummy activity
Is artificially introduced
Is represented by a dotted line
Does not require any time
All of the above
Work study involves
Only method study
Only work measurement
Method study and work measurement
Only motion study
An event is indicated on the network by
A straight line
A number enclosed in a circle or a square
A straight line with circles at the ends
A dotted line
The type of organisation preferred for a steel industry, is
Line organisation
Functional organisation
Line and staff organisation
Line, staff and functional organisation
Indirect expenses include
Factory expenses
Selling expenses
Administrative expenses
All of these
Break-even analysis shows profit when
Sales revenue > total cost
Sales revenue = total cost
Sales revenue < total cost
Variable cost < fixed cost
An activity of the project is graphically represented by ________ on the network diagram.
A circle
A straight line
An arrow
None of these
Simplex method is the method used for
Value analysis
Network analysis
Linear programming
Queuing theory
The main disadvantage of line organisation is
Top level executives have to do excessive work
Structure is rigid
Communication delays occur
All of the above
Which of the following organisation is preferred in automobile industry?
Functional organisation
Line organisation
Staff organisation
Line and staff organisations
Inventory control in production, planning and control aims at
Achieving optimisation
Ensuring against market fluctuations
Acceptable customer service at low capital investment in inventory
Discounts allowed in bulk purchase
Positive slack on a PERT indicates that project is
Ahead of schedule
Beyond schedule
As per schedule
On critical path
Inventory management consists of
Effective running of stores
State of merchandise methods of storing and maintenance etc.
Stock control system
All of the above
A dummy activity in a net work diagram
Is represented by a dotted line
Is an artificial activity
Does not consume time or resources
All of these
String diagram is used when
Team of workers is working at a place
Material handling is to be done
Idle time is to be reduced
All of the above