Simplex method is the method used for
Value analysis
Network analysis
Linear programming
Queuing theory
Correct Answer :
C. Linear programming
Related Questions
Product layout is employed for
Batch production
Continuous production
Effective utilization of machine
All of the above
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
Break-even analysis shows profit when
Sales revenue > total cost
Sales revenue = total cost
Sales revenue < total cost
Variable cost < fixed cost
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
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
Bar chart is suitable for
Large project
Major work
Minor work
All of these
In break even analysis, total cost consists of
Fixed cost + sales revenue
Variable cost + sales revenue
Fixed cost + variable cost
Fixed cost + variable cost + profit
In the Emerson efficiency plan, a worker receives only his daily wage and no bonus is paid till his efficiency reaches
50 %
66.67 %
75 %
80 %
Standard time is equal to
(Normal time) - (allowances)
(Normal time) + (allowances)
Representative time multiplied by rating factor
Normal time taken by an operation
The probability distribution of activity times in PERT follows following distribution
Normal
Binomial
Beta
Exponential
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 mathematical technique for finding the best use of limited resources in an optimum manner is known as
Operation research
Linear programming
Network analysis
Breakeven analysis
Routing is essential in the following type of industry
Assembly industry
Process industry
Job order industry
Mass production industry
Military type of organisation is known as
Line organisation
Functional organisation
Line and staff organisation
Line, staff and functional organisation
Critical Path Net Work helps an engineer
To concentrate his attention on critical activities
To divert the resources from noncritical advanced activities to critical activities
To be cautious for avoiding any delay in the critical activities to avoid delay of the whole project
All of the above
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
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
What does symbol 'O' imply in work study?
Operation
Inspection
Transport
Delay/temporary storage
PERT
Provides an approach for keeping planning up-to-date
Provides a way for management to require that planning be done on a uniform and logical basis
Permits management to foresee quickly the impact of variations from the plan
All of the above
A low unit cost can be obtained by following
Product layout
Functional layout
Automatic material handling equipment
Specialisation of operation
An activity of the project is graphically represented by ________ on the network diagram.
A circle
A straight line
An arrow
None of these
Break-even analysis can be used for
Short run analysis
Long run analysis
Average of above two run analysis
There is no such criterion
Basic tool in work study is
Graph paper
Process chart
Planning chart
Stop watch
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
Graphical method, simplex method, and transportation method are concerned with
Breakeven analysis
Value analysis
Linear programming
Queueing theory
Standard time as compared to normal time is
Greater
Smaller
Equal
There is no such correlation
Standing orders which are statutory are applicable to
All industries
All process industries and thermal power plants
Only major industries
All industries employing more than 100 workers
Father of time study was
F.W. Taylor
H.L. Gantt
F.B. Gilbert
R.M. Barnes
Current assets include
Manufacturing plant
Manufacturing plant and equipment
Inventories
Common stock held by the firm
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