Iibm - Production and Operation Management

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Production and Operation Management

Q1. If the number of restrictions on sources be ‘a’ and the number of restrictions on destinations be ‘b’ then with the use of ‘stepping stone procedure’, the number of ‘used cells’ will be

a. a+b+1

b. a+b+2

c. a-b-1

d. a+b-1

Q2. Value of smoothing coefficient ‘α’ lies

a. Between 1 and ∞

b. Between 0 and 1

c. Between -1 and 1

d. Between 1 and 2

Q3. Forecasting error is

a. The difference between forecasted demand and actual demand

b. The ratio of forecasted demand and actual demand

c. The difference between the standard forecast demand and the evaluated forecast demand

d. Ratio of standard forecast demand and the evaluated forecast demand

Q4. For forecasting the analyzers plot the demand data on a time scale, study the plot and then look for the consistent patterns. Now what does the high noise mean to these patterns

a. Many of the point lie away from the pattern

b. Most of the points lie close to the pattern

c. All the points lie on the pattern

d. None

Q5. Payback period is

a. The length of time after which the production starts

b. The length of time after which the selling starts

c. The length of time required to recover the investment

d. The length of time for which firm bears replacement of the good.

Q6. Salvage value is the income from

a. Selling an asset

b. Buying an asset

c. Bargaining in selling

d. Price raised stock

Q7. On total factor basis ‘Productivity’ is given by x/y, where ‘y’ is

a. Labor + Capital +Materials

b. Labor + Capital + Materials + Energy

c. Capital

d. Capital + Materials

Q8. Economic efficiency is given by

a. Input /output

b. Input /100

c. (Output-input)/input

d. Output /input

Q9. This...