Probabilistic time for completion of any activity can be found out from
Optimistic time
Pessimistic time
Most likely time
All of these
Correct Answer :
D. All of these
Related Questions
Halsey plan of wage incentive
Is not applied to all level of workers
Is applied to all level of workers
Does not guarantee minimum wage
Is based upon efficiency of worker
The factors to be considered for production scheduling are
Component design
Route sheet
Time standards
All of these
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
Product layout is best suited where
One type of product is produced
Product is standardised
Product is manufactured in large quantities
All of the above
Break-even analysis can be used for
Short run analysis
Long run analysis
Average of above two run analysis
There is no such criterion
Gantt chart provides information about the
Material handling
Proper utilisation of manpower
Production schedule
Efficient working of machine
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
A critical activity has
Maximum slack
Minimum slack
Zero slack
Average slack
The interchangeability can be achieved by
Standardisation
Better process planning
Bonus plan
Better product planning
Pessimistic time is
The maximum time which an activity might require
The average time required for a job
The most probable time considering all conditions
The minimum time in which an activity can possibly be accomplished
CPM stands for
Combined Process Method
Critical Path Method
Common Planning Method
Critical Process Method
Graphical method, simplex method, and transportation method are concerned with
Breakeven analysis
Value analysis
Linear programming
Queueing theory
A-B-C analysis is used in
CPM
PERT
Inventory control
All of these
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
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 process layout is best suited where
Specialisation exists
Machines are arranged according to sequence of operation
Few number of non-standardised units is to be produced
Mass production is envisaged
Routing is essential in the following type of industry
Assembly industry
Process industry
Job order industry
Mass production industry
In value engineering, important consideration is given to
Customer satisfaction
Function concept
Profit maximisation
Cost reduction
An activity of the project is graphically represented by ________ on the network diagram.
A circle
A straight line
An arrow
None of these
Valve analysis is particularly of interest when
Jobbing work economics are involved
Production is on large scale
Only few components are involved
Costly equipment is used
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
Current assets include
Manufacturing plant
Manufacturing plant and equipment
Inventories
Common stock held by the firm
In Lincoln plan (one type of group incentive plan), the amount of the profit which an employee receives in addition to the guaranteed basic pay/wages, is based on:
A standard rating system
A merit rating system
A job evaluation system
His individual performance
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
Value engineering aims at finding out the
Depreciation value of a product
Resale value of a product
Major function of the item and accomplishing the same at least cost without change in quality
Breakeven point when machine requires change
PERT/CPM, techniques can be used for following applications
Once through project
Maintenance jobs
Research and development
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
Queueing theory is used for
Inventory problems
Traffic congestion studies
Job-shop scheduling
All of the above
In breakeven analysis, total cost consists of
Fixed cost
Variable cost
Fixed cost + variable cost
Fixed cost + variable cost + overheads
In inventory control, the economic order quantity is the
Optimum lot size
Highest level of inventory
Lot corresponding to breakeven point
Capability of a plant to produce