Seiketsu, a Japanese term of 5S methodologies, represents the method to
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Continuous stock taking is a part of
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In an economic order quantity based inventory control when re-order level is greater than order quantity, the number of orders outstanding at any time is
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7, 7, 7, 6, 6, 9, 8 and 6 are the times recorded for one element of operation. How many cycles are necessary for the time study? If the error is not to exceed 5% at the confidence level of 99.7%
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In inventory planning, extra inventory is unnecessarily carried to the end of the planning period when using which of the following lot size decision policies?
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In queuing theory, the ratio of the mean arrival rate and the mean service rate is called the
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If the demand of an item is doubled and the ordering cost is halved, the economic order quantity (EOQ)
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An airline has determined that 10 spare brake cylinders will give them stock out risk of 30%, whereas 14 will reduce the risk to 15% and 16 to 10%. It takes 3 months to receive items from supplier and the airline has an average of 4 cylinders per month. At what stock level should they reorder assuming that they wish to maintain 85% service level?
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Monte-Carlo solutions in queuing theory are extremely used in queuing problems
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A company sells 14,000 units of its product. It has variable cost of Rs.15 per unit. Fixed cost is Rs.47,000 and the required profit is Rs.23,000. Per unit product price (in Rs.) will be
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Which of the following is NOT advantage of Master Scheduling?
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In M/M/1 queue, the arrival rate is
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In an assembly line for assembling toys, five workers are assigned task which times of 10, 8, 6, 9 and 10 minutes respectively. The balance delay for line is
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If at optimum in a linear programming problem a dual variable corresponding to a particular primal constraint is zero, then it means that
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If R is the base rate guaranteed per hour, S is the standard time for the job and T is the actual time, then wages for the job will be, according to Halsey 50-50 plan and Rowan plan
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Both Rowan plan and 50-50 Halsey plan will provide same earning when the actual time is ______ the standard time.
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Chart which is useful for scheduling and control is