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
Need Answer Sheet of this Question
paper, contact
aravind.banakar@gmail.com
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224
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 implies an effective management that ensures an
organization’s long-term commitment to the continuous improvement of quality.
a. Quality management
b. Strategic management
c. Total quality management
d. 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.
a. Value engineering
b. Time-event network
c. Work simplifications
d. 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?
Comments
Post a Comment