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4

The simplex method is the basic method for

A. Value analysis

B. Operation research

C. Linear programming

D. Model analysis

Correct Answer :

C. Linear programming


Related Questions

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4

Which of the following is independent of sales forecast?

A. Productivity

B. Inventory control

C. Production planning

D. Production control

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4

The deductions for, employees provident fund start

A. Immediately on joining the service

B. After 60 days of joining the service

C. After 100 days of joining the service

D. After 240 days of joining the service

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4

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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4

Pick up the correct step used for scheduling a project by C.P.M.

A. A project is divided into various activities

B. Required time for each activity is established

C. Sequence of various activities is made according to their importance

D. All of the above

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4

At the breakeven point,

A. Total cost is more than the sales revenue

B. Total cost is less than the sales revenue

C. Total cost is equal to sales revenue

D. Fixed cost is equal to variable cost

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4

Work sampling observations are taken on the basis of

A. Detailed calculations

B. Convenience

C. Table of random numbers

D. Past experience

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4

Pick up the correct statement. Dummy activity on a PERT/CPM chart means, it

A. Consumes time, but no resources

B. Consumes resources but no time

C. Consumes neither time nor resources

D. Is a dangling event

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4

The main disadvantage of line organisation is

A. Top level executives have to do excessive work

B. Structure is rigid

C. Communication delays occur

D. All of the above

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4

Travel charts are used to

A. Analyse material handling

B. Determine inventory control difficulties

C. Plan material handling procedure and routes

D. All of the above

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4

Travel charts provide

A. An idea of the flow of materials at various stages

B. A compact estimate of the handling which must be done between various work sections

C. The information for changes required in rearranging material handling equipment

D. An approximate estimate of the handling which must be done at a particular station

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4

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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4

Pick up the correct statement from the following

A. Critical path method is an improvement upon bar chart method

B. Critical path method provides a realistic approach to the daily problems

C. Critical path method avoids delays which are very common in bar chart

D. All of the above

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PERT is applied for

A. Marketing programmes and advertising programmes

B. Installation of machinery

C. Research and development of products

D. All of these

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4

In fixed position layout

A. Total production cost is less

B. Material movement is less

C. Capital investment is minimum

D. All of these

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4

Valve analysis is particularly of interest when

A. Jobbing work economics are involved

B. Production is on large scale

C. Only few components are involved

D. Costly equipment is used

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4

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

A. Dry work Plan

B. Halsey Premium Plan

C. Taylor Plan

D. Rowan Plan

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4

The chart which gives an estimate about the amount of materials handling between various work stations is known as

A. Flow chart

B. Process chart

C. Travel chart

D. Operation chart

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4

The assumption in PERT is

A. A project will always be behind schedule, if left uncorrected

B. Cost of project will always be more than the estimated cost, if no timely corrections are taken

C. A project can be subdivided into a set of predictable, independent activities

D. Activities are fixed and can't be changed

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4

Micro-motion study involves following number of fundamental hand motions

A. 8

B. 12

C. 16

D. 20

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4

Time study is used to

A. Determine standard costs

B. Determine the number of machines a person may run

C. Provide a basis for setting piece price or incentive wages

D. All of the above

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4

In the cost structure of a product, the selling price is determined by the factors such as

A. Sales turn over

B. Lowest competitive price

C. Various elements of the cost

D. All of the above

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4

The two bin system is concerned with

A. Ordering procedure

B. Forecasting sales

C. Production planning

D. Despatching and expediting

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4

Routing assists engineers in deciding in advance

A. The flow of material in the plant

B. The methods of proper utilization of manpower

C. The methods of proper utilization of machines

D. The layout of factory facilities

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4

In the Emerson efficiency plan, a worker receives only his daily wage and no bonus is paid till his efficiency reaches

A. 50 %

B. 66.67 %

C. 75 %

D. 80 %

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4

Which of the following statement is correct?

A. When slack of an activity is zero, it falls only on critical path.

B. CPM technique is useful to minimise the direct and indirect expenses.

C. Critical path of a net work represents the minimum time required for completion of project.

D. All of the above

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4

The type of organisation preferred for a steel industry, is

A. Line organisation

B. Functional organisation

C. Line and staff organisation

D. Line, staff and functional organisation

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4

If E is the duration, ES and EF are die earliest start and finish times, LS and LF are latest start and finish times, then the following relation holds good

A. EF = ES + D

B. LS = LFD

C. LF = LS + D

D. All of the above

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4

The most important objective behind plant layout is

A. Overall simplification, safety of integration

B. Economy in space

C. Maximum travel time in plant

D. To provide conveniently located shops

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4

The correct sequence of phases in value engineering is

A. Creative phase, information phase, investigation phase, evaluation phase

B. Information phase, creative phase, investigation phase, evaluation phase

C. Investigation phase, information phase, creative phase, evaluation phase

D. Creative phase, investigation phase, evaluation phase, information phase

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4

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

A. AP/C

B. 2AP/C

C. √(AP/C)

D. (AP/C)2