Value analysis
Operation research
Linear programming
Model analysis
C. Linear programming
Productivity
Inventory control
Production planning
Production control
Immediately on joining the service
After 60 days of joining the service
After 100 days of joining the service
After 240 days of joining the service
(F × V)/P
(F × P)/V
F/[1 + (V/P)]
F/[1 - (V/P)]
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
Total cost is more than the sales revenue
Total cost is less than the sales revenue
Total cost is equal to sales revenue
Fixed cost is equal to variable cost
Detailed calculations
Convenience
Table of random numbers
Past experience
Consumes time, but no resources
Consumes resources but no time
Consumes neither time nor resources
Is a dangling event
Top level executives have to do excessive work
Structure is rigid
Communication delays occur
All of the above
Analyse material handling
Determine inventory control difficulties
Plan material handling procedure and routes
All of the above
An idea of the flow of materials at various stages
A compact estimate of the handling which must be done between various work sections
The information for changes required in rearranging material handling equipment
An approximate estimate of the handling which must be done at a particular station
Inflated system
Primary cost method
Current value method
Fixed price method
Critical path method is an improvement upon bar chart method
Critical path method provides a realistic approach to the daily problems
Critical path method avoids delays which are very common in bar chart
All of the above
Marketing programmes and advertising programmes
Installation of machinery
Research and development of products
All of these
Total production cost is less
Material movement is less
Capital investment is minimum
All of these
Jobbing work economics are involved
Production is on large scale
Only few components are involved
Costly equipment is used
Dry work Plan
Halsey Premium Plan
Taylor Plan
Rowan Plan
Flow chart
Process chart
Travel chart
Operation chart
A project will always be behind schedule, if left uncorrected
Cost of project will always be more than the estimated cost, if no timely corrections are taken
A project can be subdivided into a set of predictable, independent activities
Activities are fixed and can't be changed
8
12
16
20
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
Sales turn over
Lowest competitive price
Various elements of the cost
All of the above
Ordering procedure
Forecasting sales
Production planning
Despatching and expediting
The flow of material in the plant
The methods of proper utilization of manpower
The methods of proper utilization of machines
The layout of factory facilities
50 %
66.67 %
75 %
80 %
When slack of an activity is zero, it falls only on critical path.
CPM technique is useful to minimise the direct and indirect expenses.
Critical path of a net work represents the minimum time required for completion of project.
All of the above
Line organisation
Functional organisation
Line and staff organisation
Line, staff and functional organisation
EF = ES + D
LS = LFD
LF = LS + D
All of the above
Overall simplification, safety of integration
Economy in space
Maximum travel time in plant
To provide conveniently located shops
Creative phase, information phase, investigation phase, evaluation phase
Information phase, creative phase, investigation phase, evaluation phase
Investigation phase, information phase, creative phase, evaluation phase
Creative phase, investigation phase, evaluation phase, information phase
AP/C
2AP/C
√(AP/C)
(AP/C)2