Queueing theory is used for
Inventory problems
Traffic congestion studies
Job-shop scheduling
All of the above
Correct Answer :
D. All of the above
Related Questions
PERT and CPM are
Techniques to determine project status
Decision making techniques
Charts which increase aesthetic appearance of rooms
Aids to the decision maker
Direct expenses include
Factory expenses
Selling expenses
Administrative expenses
None of these
Replacement studies are made on the following basis:
Annual cost method
Rate of return method
Total life average method
Any one of the above
CPM requires
Single time estimate
Double time estimate
Triple time estimate
None of these
The time required to complete a job is established and a bonus is paid to the worker based on the exact % of time saved. This type of incentive plan is known as
Dry work Plan
Halsey Premium Plan
Taylor Plan
Rowan Plan
Bar charts are suitable for
Minor works
Major works
Large projects
All of the above
PERT analysis is based upon
Optimistic time
Pessimistic time
Most likely time
All of these
A critical activity has
Maximum slack
Minimum slack
Zero slack
Average slack
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
(F × V)/P
(F × P)/V
F/[1 + (V/P)]
F/[1 - (V/P)]
Gantt charts are used for
Forecasting sales
Production schedule
Scheduling and routing
Linear programming
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
Which of the following statement is correct?
A-B-C analysis is based on Pareto's principle
Simulation can be used for inventory control
Economic order quantity formula ignores variations in demand pattern
All of the above
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
Acceptance sampling is used in
Job production
Batch production
Mass production
All of these
In a line organisation
Responsibility of each individual is fixed
Discipline is strong
Quick decisions are taken
All of these
In Emerson's efficiency plan of wage incentive system, bonus is paid to a worker
Whose output exceeds 67% efficiency
On the percentage of time saved
On the percentage of time worked
On the percentage of standard time
Break-even analysis shows profit when
Sales revenue > total cost
Sales revenue = total cost
Sales revenue < total cost
Variable cost < fixed cost
Time study is used to
Determine standard costs
Determine the number of machines a person may run
Provide a basis for setting piece price or incentive wages
All of the above
Probabilistic time for completion of any activity can be found out from
Optimistic time
Pessimistic time
Most likely time
All of these
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
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
PERT/CPM, techniques can be used for following applications
Once through project
Maintenance jobs
Research and development
All of the above
The time which results in the least possible direct cost of an activity is known as
Normal time
Slow time
Crash time
Standard time
The difference between the time available to do the job and the time required to do the job, is known as
Event
Float
Duration
Constraint
Gantt chart provides information about the
Material handling
Proper utilisation of manpower
Production schedule
Efficient working of machine
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
Merit rating is the method of determining the
Relative values of a job
Workers performance on a job
Worth of a machine
Value of overall production
Works cost implies
Primary cost
Factory cost
Factory expenses
Primary cost + factory expenses
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
Templates are used for
A planning layout
Flow of material
Advancing a programme in automatic machines
Copying complicated profiles