Inter PN-9 OMSM Quiz 5

1. Most suitable layout for Job production is

2. There are                 stages of Design thinking

3. Preferred numbers are used to:

4. Variety reduction is generally known as:

5. The starting point of Production cycle is:

6. Production control concerned with:

7. Cost reduction can be achieved through

8. Addition of value to raw materials through application of technology is :

9. Consider the following item that is being managed using a fixed time period model with safety stock

Weekly demand (d) = 50 units Review cycle (T) = 3 weeks Safety stock (SS) = 30 units

What are the average inventory turn for the item?

10. Daily demand for a certain product is normally distributed with a mean of 60 and standard deviation of 7. The source of supply is reliable and maintain a constant lead time of six days. The cost of placing the order is ` 10 and annual holding costs are ` 0.50 per unit. There are no stock out costs, and unfilled orders are filled as soon as the order arrives. Assume sales occur over the entire 365 days of the year.Find the . Find the order quantity

11. Monthly demand for a component is 1000 units. Setting-up cost per batch is ` 120. Cost of manufacture per unit is ` 20. Rate of interest may be considered at 10% p.a. Calculate the EBQ

12. Medium range forecasting is useful in:

13. In general, medium range forecasting period will be approximately

14. For production planning:

15. To decide work load for men and machines:

16. Important factor in forecasting production is:

17. Medium range forecasting is useful in:

18. Long range forecasting is useful in:

19. To plan for future man power requirement:

20. The range of Long range forecasting period may be approximately:

21. In general, medium range forecasting period will be approximately:

22. M/s Kobo Bearing Ltd is committed to supply 24,000 bearings per annum to M/s Deluxe fans on a steady daily basis .It is estimated that it costs 10 paisa as inventory holding cost per bearing per month and that the setup cost per run of bearing manufacture is 324.What is the optimum run size for bearing manufacture ?

23. EOQ is 102 units ,maximum usage 200 units , maximum delivery period 8 weeks , minimum usage 50 units, minimum delevery period 6 weeks , calculate maximum level of stock

24. The monthly requirement of raw material for a company is 3000 units .The carrying cost is estimated to be 20% of the purchase price per unit ,in addition to rs 2 per unit.The purchase price of raw material is rs 20 per unit.The ordering cost is Rs 25 per order. You are required to find EOQ.

25. A firm has four work centres A,B,C & D , in series with individual capacities in units per day shown in below : raw material

A - 380

B - 360

C- 340

D - 400 ------  Actual output 300, what is the efficiency system