An operations analyst suggested that company employees shared a “dump on the clerks” mentality. Explain.
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+b+1
a+b+2
a-b-1
a+b-1
Q2. Value of smoothing coefficient ‘α’ lies
Between 1 and ∞
Between 0 and 1
Between -1 and 1
Between 1 and 2
Q3. Forecasting error is
The difference between forecasted demand and actual demand
The ratio of forecasted demand and actual demand
The difference between the standard forecast demand and the evaluated forecast demand
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
Many of the point lie away from the pattern
Most of the points lie close to the pattern
All the points lie on the pattern
None
Q5. Payback period is
The length of time after which the production starts
The length of time after which the selling starts
The length of time required to recover the investment
The length of time for which firm bears replacement of the good.
Q6. Salvage value is the income from
Selling an asset
Buying an asset
Bargaining in selling
Price raised stock
Q7. On total factor basis ‘Productivity’ is given by x/y, where ‘y’ is
Labor + Capital +Materials
Labor + Capital + Materials + Energy
Capital
Capital + Materials
Q8. Economic efficiency is given by
Input /output
Input /100
(Output-input)/input
Output /input
Q9. This implies an effective management that ensures an organization’s long-term commitment to the continuous improvement of quality.
Quality management
Strategic management
Total quality management
Operations management
Q10. This techniques for improving productivity involves analyzing the operations of the product or service, estimate the value of each operation, and modifying (or) improving that operation so that the cost is lowered.
Value engineering
Time-event network
Work simplifications
Quality circles
Part Two:
Q1. What are the different types of models in production and operation management?
Q2. Define ‘Depreciation’.
Q3. What do you understand by ‘Bias’?
Q4. What are ‘Learning curves’?
Q5. What do you recommend? Should the company implement one of the new technologies? Why or why not?
Q6. An operations analyst suggested that company employees shared a “dump on the clerks” mentality. Explain.
Q7. Prepare a worksheet of operations activities that Harrison should inquire about this summer.
Q8. If you were Harrison, what would you do? Why?
Q9. Productivity is an important tool for mangers as it helps them to track progress toward the more efficient use of resources in producing goods and services. Elucidate.
Q10. In additional to operations research, what are the other tools and techniques used by organizations to improve productivity?
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