Q. ________________ is a methodology by which we try to minimize the cost and improve the revenue of a product or an operation.
✅ Correct Answer: (A)
Value engineering
Production Management MCQs and Notes
Q. Which of the following chart will indicate only the cumulative workloads for each job and to what extent the work centers are to be scheduled?
✅ Correct Answer: (B)
Gantt chart
Q. Which of the following classification of scheduling strategies is not practical in case of machine breakdown?
✅ Correct Answer: (B)
Detailed scheduling
Q. _________is a process in which a supplier generates orders for its distributor based on demand information sent by the distributor
✅ Correct Answer: (D)
vendor managed inventory
Q. A fixed interval system
✅ Correct Answer: (B)
is suitable for joint replenishment items
Q. Moving from the aggregate plan to a master production schedule requires
✅ Correct Answer: (C)
disaggregation
Q. What is simulation?
✅ Correct Answer: (D)
A trial-and-error approach to problem-solving
Q. The transportation model method that is used to evaluate location alternatives minimizes total
✅ Correct Answer: (D)
shipping costs
Q. . What are the two sources of costs in queuing analysis?
✅ Correct Answer: (C)
Waiting customers and capacity
Q. If an artificial variable remains in the solution with a positive value after the stopping criterion has been reached, the problem
✅ Correct Answer: (A)
is infeasible