Critical path on PERT/CPM chart is obtained by joining the events having
Maximum slack
Minimum slack
Average slack
No slack
Correct Answer :
B. Minimum slack
Related Questions
Father of industrial engineering is
Jack Gilbert
Gantt
Taylor
Newton
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
In the perpetual inventory control, the material is checked when it reaches its
Minimum value
Maximum value
Average value
Alarming value
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 Halsey 50-50 plan, wages for the job will be
TR
TR + [(S - T)/2] × R
TR + (S - T) × R
TR + [(S - T)/S] × R
In Halsey 50-50 plan, output standards are established
By time study
From previous production records
From one's judgement
All of the above
Linear programming can be applied successfully to
Chemical industry
Oil industry
Banks
All of these
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
In which of the following layouts, the lines need to the balanced
Process layout
Product layout
Fixed position layout
Plant layout
'Value' for value engineering and analysis purposes is defined as
Purchase value
Saleable value
Depreciated value
Function/cost
Simplex method is the method used for
Value analysis
Network analysis
Linear programming
Queuing theory
Pick up the correct step used for scheduling a project by C.P.M.
A project is divided into various activities
Required time for each activity is established
Sequence of various activities is made according to their importance
All of the above
O on a PERT/CPM chart represents
An ordinary event
A significant event representing some milestone
An event to be transferred to other network chart
Dangling event
The standard time for a job is
Total work content
Base time + relaxation time
Total work content + basic time
Total work content + delay contingency allowance
Basic tool in work study is
Graph paper
Process chart
Planning chart
Stop watch
In A-B-C analysis, which class of items are generally large in number?
A
B
C
None of these
In a line organisation
Responsibility of each individual is fixed
Discipline is strong
Quick decisions are taken
All of these
Breakeven analysis is a
Short term analysis
Long term analysis
Average of short and long term analysis
Any one of these
Gantt chart gives information about
Scheduling and routing
Sales
Production schedule
Machine utilisation
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
The unit cost in case of batch production is ________ as compared to jobbing production.
Same
Low
High
None of these
A graphical device used to determine the breakeven point and profit potential under varying conditions of output and costs, is known as
Gantt chart
Flow chart
Breakeven chart
PERT chart
Which of the following equations is not in conformity with others?
Organisation performance × motivation = profits
Knowledge × skill = ability
Ability × motivation = performance
Attitude × situation = motivation
Graphical method, simplex method, and transportation method are concerned with
Breakeven analysis
Value analysis
Linear programming
Queueing theory
Which one of the following techniques is used for determining allowances in time study?
Acceptance sampling
Linear regression
Performance rating
Work sampling
Dispatching
Prescribes the sequence of operations to be followed
Determines the programme for the operations
Is concerned with the starting of processes
Regulates the progress of job through various processes
Actual performance of a task is called
An event
An activity
A duration
None of these
In value engineering, important consideration is given to
Customer satisfaction
Function concept
Profit maximisation
Cost reduction
The time by which the activity completion time can be delayed without affecting the start of succeeding activities, is known as
Duration
Total float
Free float
Interfering float
In micro-motion study, therblig is described by
A symbol
An event
An activity
Standard symbol and colour
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