Quiz Start Time: 10:41 AM
Time Left 11
sec(s)
Question # 1 of 10 ( Start time: 10:41:10 AM ) Total Marks: 1
The amount of the inventory will always taken to be ———–
Select correct option:
Negative
Positive
Quiz Start Time: 10:41 AM
Time Left 17
sec(s)
Question # 2of 10 ( Start time: 10:42:36 AM) Total Marks: 1
Which of the following cost of an item vary directly with its lack of quantity and delaying time ?
Select correct option:
Item cost C
Set-up cost
Inventory holding cost
Shortage Cost
Quiz Start Time: 10:41 AM
Time Left 2
sec(s)
Question # 3of 10 ( Start time: 10:43:53 AM) Total Marks: 1
In resource leveling when two or more jobs compete for same resources, first try to allocate an activity, which is of ——— duration and next to the activity which having next ——— duration.
Select correct option:
most likely, pessimistic
minimum , maximum
maximum, minimum
optimistic, most likely C
Time Left 38
sec(s)
Question # 4 of 10 ( Start time: 10:45:24 AM ) Total Marks: 1
Which of the following technique to solve the net work flow diagrams, is activity oriented?
Select correct option:
Programme Evaluation and Review Technique
Critical Path Method
Time Left 46
sec(s)
Question # 5 of 10 ( Start time: 10:46:21 AM ) Total Marks: 1
Which is the following reason is essential for an enterprise to have an inventory?
Select correct option:
It provides adequate service to the customers.
It reduces the possibility of duplication of orders.
It helps in smooth and efficient running of the business.
All above reasons are equivalent C
Time Left 63
sec(s)
Question # 6 of 10 ( Start time: 10:47:25 AM ) Total Marks: 1
If someone asks you how much time you require to reach your VU campus from your house, you may say that it may take 1 to 1½ hours. Then you meant which of the following variable?
Select correct option:
Discrete
Complex
Random C
Continuous
Time Left 20
sec(s)
Question # 7 of 10 ( Start time: 10:48:13 AM ) Total Marks: 1
Which of the following cost of an item varies directly with the size of inventory as well as the time the item held in stock?
Select correct option:
Item cost
Set-up cost
Inventory holding cost
Shortage Cost
Time Left 34
sec(s)
Question # 8 of 10 ( Start time: 10:49:27 AM ) Total Marks: 1
Excess of inventories are undesirable due to the following reasons;
Select correct option:
It locks up the capital of the enterprise.
It includes the expenses of stores, equipment, personnel, insurance etc..
It may not lead to high volume of output instead it might hamper the production.
All above reasons are equivalent
Quiz Start Time: 10:41 AM
Time Left 30
sec(s)
Question # 9of 10 ( Start time: 10:50:34 AM) Total Marks: 1
When we have to manage a project with available resources, we have the option of resource leveling. Here the resources availability is less than the maximum resources required for an activity, then it is feasible to divert the resources to ————-.
Select correct option:
non-critical activities
dummy activities
head or tail activities
critical activities
Time Left 55
sec(s)
Question # 10 of 10 ( Start time: 10:51:37 AM ) Total Marks: 1
When we have to manage a project with available resources, we have the option of resource leveling. Here the resources availability is less than the maximum resources required for an activity, then it is feasible to delay the job having —————-.
Select correct option:
dummy branch
largest free float
largest total float
largest independent float
Quiz Start Time: 10:58 AM
Time Left 14
sec(s)
Question # 1of 10 ( Start time: 10:58:07 AM) Total Marks: 1
If a firm produces its own goods instead of purchasing the same from an outside source, then the cost of resetting the equipment for production may referred to ———
Select correct option:
Item cost C
Set-up cost
Inventory holding cost
Shortage Cost
Time Left 63
sec(s)
Question # 2 of 10 ( Start time: 10:59:27 AM ) Total Marks: 1
Which of the following times are directly related to the activity cost that is by reducing the activity duration, the direct cost of the corresponding activity is increased?
Select correct option:
CPM Times
PERT Times C
Quiz Start Time: 10:58 AM
Time Left 11
sec(s)
Question # 3of 10 ( Start time: 11:00:13 AM) Total Marks: 1
Which of the following cost for an item is independent of the quantity ordered or produced?
Select correct option:
Item cost
Set-up cost C
Inventory holding cost
Shortage Cost
Quiz Start Time: 10:58 AM
Time Left 77
sec(s)
Question # 4of 10 ( Start time: 11:01:35 AM) Total Marks: 1
Which of the following cost of an item vary directly with its lack of quantity and delaying time ?
Select correct option:
Item cost
Set-up cost
Inventory holding cost
Shortage Cost C
Quiz Start Time: 10:58 AM
Time Left 23
sec(s)
Question # 5of 10 ( Start time: 11:01:57 AM) Total Marks: 1
In resource leveling when two or more jobs compete for same resources, first try to allocate an activity, which is of ——— duration and next to the activity which having next ——— duration.
Select correct option:
most likely, pessimistic
minimum , maximum
maximum, minimum
optimistic, most likely
Quiz Start Time: 10:58 AM
Time Left 67
sec(s)
Question # 7of 10 ( Start time: 11:03:18 AM) Total Marks: 1
If an item is manufactured, then the direct or indirect material, labor, and overhead expenses are referred to ———–.
Select correct option:
Item cost C
Set-up cost
Inventory holding cost
Shortage Cost
Time Left 40
sec(s)
Question # 9 of 10 ( Start time: 11:04:33 AM ) Total Marks: 1
While estimating the time for a PERT activity, the estimator will give the three times estimates. When these three estimates are plotted on a graph, the probability distribution that we get is closely associated with —————–Distribution curve.
Select correct option:
Poisson
Chi
Binomial
Beta C
Time Left 76
sec(s)
Question # 10 of 10 ( Start time: 11:05:35 AM ) Total Marks: 1
Which of the following technique to solve the net work flow diagrams, is activity oriented?
Select correct option:
Programme Evaluation and Review Technique
Critical Path Method
Quiz Start Time: 03:00 PM
Time Left 9
sec(s)
Question # 1 of 10 ( Start time: 03:00:48 PM ) Total Marks: 1
If the forecast error in the demand of an item is of Mean Absolute deviation of 2.50 units then which of the following will be its approximate Standard Deviation?
Select correct option:
3
2
1
0
Quiz Start Time: 03:00 PM
Time Left 19
sec(s)
Question # 2 of 10 ( Start time: 03:02:13 PM ) Total Marks: 1
Which of the following is the major objective of the ABC analysis of inventory?
Select correct option:
To fulfill the demand of items
To replace the required items in proper time
To control the inventories
To classify the items in different categories
Quiz Start Time: 03:00 PM
Time Left 29
sec(s)
Question # 3 of 10 ( Start time: 03:03:29 PM ) Total Marks: 1
If the demand of an item is occurred in the period of stock out and it is satisfied at the beginning of the next cycle then such type of problem will discuss under which of the following?
Select correct option:
Purchasing Model with shortages
Purchasing Model with no shortages
Quiz Start Time: 03:00 PM
Time Left 59
sec(s)
Question # 4of 10 ( Start time: 03:04:41 PM) Total Marks: 1
If the total inventory in one cycle of ‘t’ units of time is ‘(1/2)Qt’, then which of the following is the average ineventory at any time?
Select correct option:
Q/t
Q/2
(Q/2)t
2Q
Quiz Start Time: 03:00 PM
Time Left 22
sec(s)
Question # 5of 10 ( Start time: 03:05:21 PM) Total Marks: 1
In the graph of the Purchasing Model with shortages, the area under the horizontal axis represents ———–.
Select correct option:
carrying cost of item
set up cost of item
shortage cost of item
purchase cost of item
Quiz Start Time: 03:00 PM
Time Left 21
sec(s)
Question # 6 of 10 ( Start time: 03:06:34 PM ) Total Marks: 1
Which of the following category of items in ABC analysis has the maximum Holding Cost?
Select correct option:
A category
B category
C category
All categories’’ items have equal Holding Costs
Quiz Start Time: 03:00 PM
Time Left 29
sec(s)
Question # 7 of 10 ( Start time: 03:07:46 PM ) Total Marks: 1
A single cycle consists of two phases in case of “Manufacturing without Shortage ”, then which of the following is the first phase?
Select correct option:
Withdrawl of items from inventory at constant rate in per unit of time
The inventory is assembled at constant rate per unit of time
Quiz Start Time: 03:00 PM
Time Left 19
sec(s)
Question # 8 of 10 ( Start time: 03:09:05 PM ) Total Marks: 1
If the demand rate of an item is 600 per month and the lead time is 02 months, then which of the following is lead time demand for this item?
Select correct option:
300 items
602 items
1200 items
598 items
Quiz Start Time: 03:00 PM
Time Left 15
sec(s)
Question # 9 of 10 ( Start time: 03:10:26 PM ) Total Marks: 1
If the forecast error in the demand of an item is of Standard deviation of 2.50 units then which of the following will be its approximate Mean Absolute Deviation?
Select correct option:
1
-1
2
-1
Quiz Start Time: 03:00 PM
Time Left 51
sec(s)
Question # 10 of 10 ( Start time: 03:11:50 PM ) Total Marks: 1
Which of the following quantity will vary in case of Dynamic Order Quantity Model?
Select correct option:
Setup Cost
Carrying Cost
Item Cost
Demand
Quiz Start Time: 03:14 PM
Time Left 72
sec(s)
Question # 2of 10 ( Start time: 03:15:41 PM) Total Marks: 1
In the Purchasing Model with Shortages the Cost Function ‘C(S,Q)’ can also be expressed as function of ————–.
Select correct option:
(t,D)
(Q,D)
(S,t)
(S,D)
Quiz Start Time: 03:14 PM
Time Left 9
sec(s)
Question # 3 of 10 ( Start time: 03:16:12 PM ) Total Marks: 1
In the Dynamic Order Quantity problem, the Demands of all succeeding months can be included in the demand of preceding one provided that ————.
Select correct option:
Item and Holding Costs are balanced
Shortage and Setup Costs are balanced
Setup and Holding Costs are balanced
Shortage and Item Costs are balanced
Quiz Start Time: 03:14 PM
Time Left 7
sec(s)
Question # 4of 10 ( Start time: 03:17:39 PM) Total Marks: 1
For ABC analysis, in the Random Sample of some items, the ranks to the items are assigned with respect to their —————-.
Select correct option:
lowest annual unit cost
largest annual unit cost
lowest annual usage value
largest annual usage value
Quiz Start Time: 03:14 PM
Time Left 82
sec(s)
Question # 5 of 10 ( Start time: 03:19:11 PM ) Total Marks: 1
If the total inventory in one cycle of ‘t’ units of time is ‘(1/2)Qt’, then which of the following is the average ineventory at any time?
Select correct option:
Q/t
Q/2
(Q/2)t
2Q
Quiz Start Time: 03:14 PM
Time Left 61
sec(s)
Question # 6of 10 ( Start time: 03:19:21 PM) Total Marks: 1
In the Dynamic Order Quantity problem if the ratio of Setup and Carrying Costs is ‘500’ and the Demands of 2nd and 3rd months are 50 and 120 respectively then which of the following is true about the 2nd month’s requirment?
Select correct option:
2nd month demand can be included in 1st month
2nd month demand will have to fulfill in 2nd month
2nd month demand can be included in 3rd month
2nd month demand can be included in any month of the year
Quiz Start Time: 03:14 PM
Time Left 17
sec(s)
Question # 7 of 10 ( Start time: 03:19:52 PM ) Total Marks: 1
The Economic Order Quantity in case of Manufacturing Model without Shortage can be transformed into Purchasing Model without Shortage by which of the following substitution?
Select correct option:
When Replacement rate ‘R’ approaches zero
When Replacement rate ‘R’ approaches infinity
When Demand rate approaches zero
When Demand rate approaches infinity
Quiz Start Time: 03:14 PM
Time Left 46
sec(s)
Question # 8 of 10 ( Start time: 03:21:10 PM ) Total Marks: 1
Under which of the following condition, the Economic Order Quantity (EOQ) of Manufacturing Model with allowed Shortage can be transformed into the same Model without Shortage?
Select correct option:
When Setup Cost is zero
When Setup Cost is infinity
When Shortage Cost is infinity
When Shortage Cost is zero
Quiz Start Time: 03:14 PM
Time Left 37
sec(s)
Question # 9of 10 ( Start time: 03:21:56 PM) Total Marks: 1
Which of the following is true about the Manufacturing model without Shortage?
Select correct option:
Demand rate = Replacement rate
Demand rate > Replacement rate
Demand rate < Replacement rate
None of the above choices
Quiz Start Time: 03:14 PM
Time Left 73
sec(s)
Question # 10of 10 ( Start time: 03:22:53 PM) Total Marks: 1
Which of the following is the is major assumed difference between the models of Purchasing and Manufacting without shortage ?
Select correct option:
Replacement rate
Shortage
Demand
Item, Setup and Holding Costs
Question # 1of 10 ( Start time: 10:17:44 AM) Total Marks: 1
While finding the Critical Path, in the phase of Early Start and Early Finish computations, we start from first event and proceed calculations from left to right up to the ———- event.
Select correct option:
starting
middle
last
arbitrary
Question # 2 of 10 ( Start time: 10:19:03 AM ) Total Marks: 1
In a project, a network diagram shows the ———— relations of the inter related activities along with their corresponding activity times.
Select correct option:
deterministic and probabilistic
precedence or succession
union and intersection
dummy and artificial
Question # 4 of 10 ( Start time: 10:21:58 AM ) Total Marks: 1
In a network flow diagram, if an activity (i,j) starts earlier after two days and finish earlier on fifth day, then which of the following will be its completion time?
Select correct option:
Three days
Five days
Two days
Ten days
Question # 5 of 10 ( Start time: 10:23:24 AM ) Total Marks: 1
While finding the critical path in a network flow diagram, if an activity (i,j) starts and finish late on 3rd and 9th day respectively, then it will be completed in ———–days.
Select correct option:
Three days
Twelve days
Fifteen days
Six days
Question # 6 of 10 ( Start time: 10:24:39 AM) Total Marks: 1
In a network flow diagram, for an activity (i,j) of six days duration, if its Late Finish time is of nine days, then which of the following will be its Late Start time?
Select correct option:
Twelve days
Fifteen days
Three days
Six days
Question # 7of 10 ( Start time: 10:25:42 AM) Total Marks: 1
A/An ———– is the collection of inter related activities to be performed in a particular sequence to completion.
Select correct option:
node
event
project
branch
Question # 8of 10 ( Start time: 10:26:34 AM) Total Marks: 1
In a network flow diagram, for an activity (i,j) of duration of three days, if its earliest start time is of two days then which of the following will be its early finish time?
Select correct option:
Six days
One day
One and half day
Five days
Question # 9 of 10 ( Start time: 10:27:01 AM ) Total Marks: 1
In a network flow diagram, if two jobs ‘a(l,n)’ and ‘b(m,n)’ of ‘7’ and ‘8’ days durations respectively, start earlier simultaneously on 4th day, then the next activity containing ‘n’ as head event can’t start until the entering activity ————– is completed.
Select correct option:
(m,n)
(l,n)
(m,l)
(l,m)
Question # 10 of 10 ( Start time: 10:27:46 AM) Total Marks: 1
About which of the following it is true that, “they only signify with the passage of time, the beginning and ending of some activities under no consumption of resources” ?
Select correct option:
project
nodes
dummy
branch
BS090401088
My Today Paper Mth 601
8-12-2012
Total Questions = 26
20 mcqs, 2Q (2 M), 2Q (3 M), 2Q (5 M)
Mcqs were of solving nature mostly, a few from past paper and mostly were easy.
Give the formula for purchase with no shortages to calculate N. 2 Marks
Data was given to calculate the safety stock.
A graph was given we have to tell about the constraints. 3 Marks
Data was given we have to find the optimal annual cost. 5 Marks
A function was given for the maximization. 5 Marks
) 1)Maximum inventory?
2) time held?
Q2)Cumulative anual usage ? data dia hoa tha 3 marks
Q) Convert in standard from in 3 marks
Q) page (68) same 2 same Question in handouts. 5 marks
Q) Do in standard from … in last lectures …5 marks.