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
Correct Answer :
D. All of the above
Related Questions
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
Two alternatives can produce a product. First have a fixed cost of Rs. 2000 and a variable cost of Rs. 20 per piece. The second method has a fixed cost of Rs. 1500 and a variable cost of Rs. 30. The break even quantity between the two alternatives is
25
50
75
100
The allowed time for a job equals standard time plus
Policy allowance
Interference allowance
Process allowance
Learning allowance
The determination of standard time in a complex job system is best done through
Stop watch time study
Analysis of micro-motions
Grouping timing technique
Analysis of standard data system
'Value' for value engineering and analysis purposes is defined as
Purchase value
Saleable value
Depreciated value
Function/cost
The main objective of work measurement is to
Plan and schedule of production
Formulate a proper incentive scheme
Estimate the selling prices and delivery dates
All of the above
Both Rowan plan and 50-50 Halsey plan will provide the same earning when the actual time is _________ the standard time.
One-fourth
One-half
Equal to
Twice
Monte Carlo solutions in queuing theory are extremely useful in queuing problems
That can't be analysed mathematically
Involving multistage queuing
To verify mathematical results
All of the above
Graphical method, simplex method, and transportation method are concerned with
Breakeven analysis
Value analysis
Linear programming
Queueing theory
In CPM, the cost slope is determined by
Crash cost/Normal Cost
(Crash Cost - Normal cost)/ (Normal time - Crash time)
Normal Cost/Crash cost
(Normal cost - Crash cost)/ (Normal time - Crash time)
Pick up the correct statement from the following
Critical path method is an improvement upon bar chart method
Critical path method provides a realistic approach to the daily problems
Critical path method avoids delays which are very common in bar chart
All of the above
Pick up the correct statement about relationship between various floats
Free float = total float
Independent float = total float
Independent float > free float
Independent float < free float
Break-even analysis consists of
Fixed expenses
Variable cost
Sales revenue
All of these
The value engineering technique in which experts of the same rank assemble for product development is called
Delphi
Brain storming
Morphological analysis
Direct expert comparison
Standard time is equal to
(Normal time) - (allowances)
(Normal time) + (allowances)
Representative time multiplied by rating factor
Normal time taken by an operation
In product layout
Specialised and strict supervision is required
Machines can not be used to their maximum capacity
Manufacturing cost rises with a fall in the volume of production
All of the above
Production cost refers to prime cost plus
Factory overheads
Factory and administration overheads
Factory, administration and sales overheads
Factory, administration, sales overheads and profit
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
Slack represents the difference between the
Latest allowable time and the normal expected time
Latest allowable time and the earliest expected time
Proposed allowable time and the earliest expected time
Normal allowable time and the latest expected time
In queuing theory, the nature of the waiting situation can be studied and analysed mathematically if
Complete details of items in, waiting line are known
Arrival and waiting times are known and can be grouped to form a waiting line model
All variables and constants are known and form a linear equation
The laws governing arrivals, service times, and the order in which the arriving units are taken into source are known
For a product layout the material handling equipment must
Have full flexibility
Employ conveyor belts, trucks, tractors etc.
Be a general purpose type
Be designed as special purpose for a particular application
String diagram is used
For checking the relative values of various layouts
When a group of workers are working at a place
Where processes require the operator to be moved from one place to another
All of the above
Routing is essential in the following type of industry
Assembly industry
Process industry
Job order industry
Mass production industry
Bar charts are suitable for
Minor works
Major works
Large projects
All of the above
Which of the following conditions are necessary for applying linear programming?
These must be a well defined objective function.
The decision variables should be interrelated and nonnegative.
The resources must be in limited supply.
All of the above
The average time recorded by work study man for an operation is called
Standard time
Normal time
Representative time
None of these
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
PERT is
An analytic tool in concept
Limit up of event oriented diagrams
Used for research and development projects
All of the above
Gantt chart is used for
Inventory control
Material handling
Production schedule
Machine repair schedules
The factors to be considered for production scheduling are
Component design
Route sheet
Time standards
All of these