If A is the total items consumed per year, P is the procurement cost per order, and C is the annual inventory carrying cost per item, then the most economic ordering quantity is given by
AP/C
2AP/C
√(AP/C)
(AP/C)2
Correct Answer :
C. √(AP/C)
Related Questions
If TL is the largest allowable event occurrence time, total activity slack (s) is equal to
Latest start time earliest start time
Latest finish time earliest finish time (EFT)
TLEFT
All of the above
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
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
M.T.M. is used to
Improve existing methods
Establish time standards
Develop effective methods in advance of the beginning of production
All of the above
Queuing theory is associated with
Sales
Inspection time
Waiting time
Production time
Standard time is defined as
Normal time + allowances
Normal time + idle time + allowances
Normal time + idle time
Only normal time for an operation
Graphical method, simplex method, and transportation method are concerned with
Breakeven analysis
Value analysis
Linear programming
Queueing theory
P.M.T.S. (Predetermined Motion Time Systems) include
M.T.M. (Method Time Measurement)
W.F.S. (Work Factor Systems)
B.M.T.S. (Basic Motion Time Study)
All of these
Templates are used for
A planning layout
Flow of material
Advancing a programme in automatic machines
Copying complicated profiles
Expediting function consists in keeping a watch on
Operator's activity
Flow of material and in case of trouble locate source of trouble
Minimising the delays
Making efficient despatching
The production cost per unit can be reduced by
Producing more with increased inputs
Producing more with the same inputs
Eliminating idle time
Minimising resource waste
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
The critical activity has
Maximum float
Minimum float
Zero float
Average float
The type of organisation preferred for an automobile industry, is
Line organisation
Functional organisation
Line and staff organisation
Line, staff and functional organisation
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
A low unit cost can be obtained by following
Product layout
Functional layout
Automatic material handling equipment
Specialisation of operation
The breakeven point represents
The most economical level of operation of any industry
The time when unit can run without i loss and profit
Time when industry will undergo loss
The time when company can make maximum profits
The factors which are to be considered while developing a good wage incentive plan will include
Adequate incentive
Ease of administration
Guaranteed basic pay
All of these
Standard time is equal to
(Normal time) - (allowances)
(Normal time) + (allowances)
Representative time multiplied by rating factor
Normal time taken by an operation
Which one of the following techniques is used for determining allowances in time study?
Acceptance sampling
Linear regression
Performance rating
Work sampling
Travel charts provide
An idea of the flow of materials at various stages
A compact estimate of the handling which must be done between various work sections
The information for changes required in rearranging material handling equipment
An approximate estimate of the handling which must be done at a particular station
Which of the following organisations is best suited for steel plants
Functional organisation
Line organisation
Staff organisation
Line, staff and functional organisations
CPM is the
Time oriented technique
Event oriented technique
Activity oriented technique
Target oriented technique
Percent idle time for men or machines is found by
Work sampling
Time study
Method study
Work study
The most popular type of organisation used for Civil Engineering Constructions is
Line organisation
Line and staff organisation
Functional organisation
Effective organisation
In time study, the rating factor is applied to determine
Standard time of a job
Merit rating of the worker
Fixation of incentive rate
Normal time of a worker
The artificial activity, which indicates that an activity following it cannot be started unless, the preceding activity is complete, is known as
Event
Free float
Artificial
Dummy
The main advantage of line organisation is its
Effective command and control
Defined responsibilities at all levels
Rigid discipline in the organisation
All of the above
A device used for lifting or lowering objects suspended from a hook at the end of retractable chains or cable is called
Hoist
Jib crane
Portable elevator
Chain conveyor
The important file in making a PERT is
An event can't be accomplished until activities leading to it are completed
No activity from any event can be started from preceding event till it is completed
Length of arrow has nothing to do with time
All of the above