Inter PN-9 OMSM Quiz 12

1. The important requirements of Monte Carlo simulation are:

2. Monte Carlo simulation is mainly used in for:

3. Wanda’s Car Wash & dry is an automatic, five-minute operation with a single bay. On a typical Saturday morning,cars arrive at a mean rate of eight per hour, with arrivals tending to follow a Poisson distribution. Find the average number of cars in line.

4. Which of the following is not a method for solving an assignment problem?

5. The main objective of an assignment problem is to:

6. Which among the following order represents the correct stages of the Product Life Cycle ?

7. The Decline phase of the Product Life Cycle is characterized by:

8. The Growth phase of the Product Life Cycle is characterized by:

9. A good product design helps an organization to:

10. Find the economic order quantity and the reorder point, given Annual demand (D) = 1000 units

Average daily demand (d) = 1000/365 Ordering Cost (S) = ₹5 per order

Holding cost(H) =₹1.25 per unit per year. Lead time (L) = 5 days Cost per unit (C) = ₹ 12.50

What quantity should be ordered?

11. M/s Kobo Bearings 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?

12. The Economic Lot Size or Economic Order Quantity or Economic Batch Quantity is defined as:

13. Which among the following is an advantage of an efficient production and inventory management system?

14. The main purpose of MRP is to:

15. Material Requirement Planning (MRP) is mainly used for planning the production of:

16. The main advantage of process layout is:

17. Process Layout is also known as:

18. Facility Layout is also known as:

19. The utilisation rate helps management to determine:

20. The idea that “Small is Beautiful” was given by:

21. The term “Disappearance of Smokestacks” refers to:

22. Under Production and Operations Management which of the following is not an activity ?

23. What is the main objectives of Operations Management include:

24. Operations Management is primarily deals with:

25. PERT is   oriented technique: