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Linear programming can be applied successfully to

A. Chemical industry

B. Oil industry

C. Banks

D. All of these

Correct Answer :

D. All of these


Related Questions

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One time measurement unit (TMU) in method time measurement system equals

A. 0.0001 minute

B. 0.0006 minute

C. 0.006 minute

D. 0.001 minute

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In a functional organisation

A. Quality of work is better

B. Wastage of material is minimum

C. Specialised knowledge and guidance to individual worker is provided

D. All of the above

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4

The aim of value engineering is to

A. Find the depreciation value of a machine

B. Determine the selling price of a product

C. Minimise the cost without change in quality of the product

D. All of the above

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If F is the fixed cost, V is the variable cost per unit (or total variable costs) and P is the selling price of each unit (or total sales value), then breakeven point is equal to

A. (F × V)/P

B. (F × P)/V

C. F/[1 + (V/P)]

D. F/[1 - (V/P)]

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Positive slack on a PERT indicates that project is

A. Ahead of schedule

B. Beyond schedule

C. As per schedule

D. On critical path

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A device used for lifting or lowering objects suspended from a hook at the end of retractable chains or cable is called

A. Hoist

B. Jib crane

C. Portable elevator

D. Chain conveyor

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Choose the wrong statement. Motion study is used for

A. Improving a work method

B. Improvising a work method

C. Designing a work method

D. Reducing inventory costs

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The wastage of material in the store is taken into account by the following method in the evaluation of the material issued from the store

A. Inflated system

B. Primary cost method

C. Current value method

D. Fixed price method

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In process layout

A. Handling and backtracking of materials is too much

B. Production control is more difficult and costly

C. Routing and scheduling is more difficult

D. All of the above

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The two bin system is concerned with

A. Ordering procedure

B. Forecasting sales

C. Production planning

D. Despatching and expediting

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Which of the following depreciation system ensures that the interest be charged on the cost of machine asset every year on the book value, but the rate of depreciation every year remains constant

A. Sinking fund method

B. Straight line method

C. ABC charging method

D. Annuity charging method

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An activity of the project is graphically represented by ________ on the network diagram.

A. A circle

B. A straight line

C. An arrow

D. None of these

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The time of completing a project in network analysis is given by following time of the critical activity meeting at the final triode

A. Early finish

B. Early start

C. Late start

D. Late finish

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Process layout is employed for

A. Batch production

B. Continuous type of product

C. Effective utilisation of machines

D. All of the above

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In CPM, the cost slope is determined by

A. Crash cost/Normal Cost

B. (Crash Cost - Normal cost)/ (Normal time - Crash time)

C. Normal Cost/Crash cost

D. (Normal cost - Crash cost)/ (Normal time - Crash time)

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The difference between the time available to do the job and the time required to do the job, is known as

A. Event

B. Float

C. Duration

D. Constraint

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Micro motion study is

A. Analysis of a man-work method by using a motion picture camera with a timing device in the field of view

B. Motion study observed on enhanced time intervals

C. Motion study of a sequence of operations conducted systematically

D. Study of man and machine conducted simultaneously

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Works cost implies

A. Primary cost

B. Factory cost

C. Factory expenses

D. Primary cost + factory expenses

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Which of the following equations is not in conformity with others?

A. Organisation performance × motivation = profits

B. Knowledge × skill = ability

C. Ability × motivation = performance

D. Attitude × situation = motivation

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Simplex method is the method used for

A. Value analysis

B. Network analysis

C. Linear programming

D. Queuing theory

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Indirect expenses include

A. Factory expenses

B. Selling expenses

C. Administrative expenses

D. All of these

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The determination of standard time in a complex job system is best done through

A. Stop watch time study

B. Analysis of micro-motions

C. Grouping timing technique

D. Analysis of standard data system

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Slack of various events on the critical path in PERT/CPM chart

A. Increases continuously

B. Decreases continuously

C. Remain constant

D. May increase or decrease depending on various factors

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Routing prescribes the

A. Flow of material in the plant

B. Proper utilization of man power

C. Proper utilization of machines

D. Inspection of final product

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For a product layout the material handling equipment must

A. Have full flexibility

B. Employ conveyor belts, trucks, tractors etc.

C. Be a general purpose type

D. Be designed as special purpose for a particular application

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ABC analysis deals with

A. Analysis of process chart

B. Flow of material

C. Ordering schedule of job

D. Controlling inventory costs money

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Military type of organisation is known as

A. Line organisation

B. Functional organisation

C. Line and staff organisation

D. Line, staff and functional organisation

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The technique of value analysis can be applied to

A. Complicated items only

B. Simple items only

C. Crash programmer items only

D. Any item

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The interchangeability can be achieved by

A. Standardisation

B. Better process planning

C. Bonus plan

D. Better product planning

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PERT stands for

A. Programme Estimation and Reporting Technique

B. Process Estimation and Review Technique

C. Programme Evaluation and Review Technique

D. Planning Estimation and Resulting Technique