'Value' for value engineering and analysis purposes is defined as
Purchase value
Saleable value
Depreciated value
Function/cost
Correct Answer :
D. Function/cost
Related Questions
Work study is most useful
Where production activities are involved
In judging the rating of machines
In improving industrial relations
In judging the output of a man and improving it
Micro-motion study involves following number of fundamental hand motions
8
12
16
20
Military organisation is known as
Line organisation
Line and staff organisation
Functional organisation
All of the above
Templates are used for
A planning layout
Flow of material
Advancing a programme in automatic machines
Copying complicated profiles
When slack of an activity is negative
It represents a situation where extra resources are available and the completion of project is not delayed
It represents that a programme falls behind schedule and additional resources are required to complete the project in time
The activity is critical and any delay in its performance will delay the completion of whole project
All of the above
Military type of organisation is known as
Line organisation
Functional organisation
Line and staff organisation
Line, staff and functional organisation
Line organisation is suitable for
Sugar industries
Oil refining industries
Spinning and weaving industries
All of these
The linear programming techniques can be applied successfully to industries like
Iron and steel
Food processing
Oil and chemical
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
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
The production cost per unit can be reduced by
Producing more with increased inputs
Producing more with the same inputs
Eliminating idle time
Minimising resource waste
Queuing theory is associated with
Sales
Inspection time
Waiting time
Production time
Fixed position layout is also known as
Analytical layout
Synthetic layout
Static product layout
None of these
According to MAPI formula, the old machine should be replaced by new one when (CAM = Challenger's Adverse minimum DAM = Defender's Adverse minimum)
CAM < DAM
CAM > DAM
CAM = DAM
There is no such criterion
Monte Carlo solutions in queuing theory are extremely useful in queuing problems
That can't be analysed mathematically
Involving multistage queuing
To verify mathematical results
All of the above
In jobbing production
Highly skilled workers are needed
Unit costs are high
Operations are labour-intensive
All of these
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
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
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
The critical activity has
Maximum float
Minimum float
Zero float
Average float
Which of the following charts are used for plant layout design?
Operation process chart
Man machine chart
Travel chart
All of these
Breakeven point is the point where
Fixed and variable cost lines intersect
Fixed and total cost lines intersect
Variable and total cost lines intersect
Sales revenue and total expensive lines intersect
PERT requires
Single time estimate
Double time estimate
Triple time estimate
None of these
The most important function of inventory control is
Stock control system
To run the stores effectively
Technical responsibility for the state of materials
All of the above
Tick the odd man out
Taylor
Drucker
McGregor
Galileo
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 type of layout used for manufacturing steam turbines, is
Product layout
Process layout
Fixed position layout
Any one of these
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
In Halsey 50-50 plan, output standards are established
By time study
From previous production records
From one's judgement
All of the above
Emergency rush order can be pushed more effectively in
Job production
Automatic production
Continuous production
Intermittent production