Not yet checked 1 of 7 questions have not yet been compared with the official paper.
Q. 1
(a)Define following: Net present value Book and Salvage values Fixed and variable costs Internal Rate of return Opportunity cost [10]
(b)Explain benefit cost (B/C) ratio and break even point for a project. [10]
(20)
Q. 2
(a)What are predecessor and successor activities? Also, define earliest time, latest time and slack time. [10]
(b)The activity chart for a plant repair project along with precedence and estimate of activity times is given below. Develop a PERT network, determine the critical path and activity schedule along with slack times. Activity Duration (days) Precedence A 2 B 8 a C 7 a D 5 a E 6 b F 11 c G 4 c,d H 5 e I 10 f J 3 f K 8 g L 7 h,i,j M 14 k N 4 l,m [10]
Not yet checked
(20)
Q. 3
(a)Define, sketch and explain economic order quantity. Also, develop basic formula for economic order quantity. [10]
(b)A home appliance manufacturing company has an annual requirement of 12000 thermostats. The unit price is Rs. 1200. If the quantity of a single lot exceeds 1000, a quantity discount of 2% is available. If the cost of an order is Rs. 3000 and the inventory holding cost is 24% per annum, what should be the lot size for a minimum total cost per unit? [10]
(20)
Q. 4
(a)Define and explain prevention, appraisal, internal/external failure costs. [10]
(b)List quality management ideas of Deming, Juran and Crosby. How can these ideas be helpful in building a quality management system? [10]
(20)
Q. 5
(a)Explain Job production, Batch production, continuous production, mass production and group technology. [10]
(b)Elaborate Just-in-Time (JIT) production system with clearing stating its constraints and benefits. [10]
(20)
Q. 6
(a)Define and Explain Maximax and Maximin decision making under uncertainty. [10]
(b)Elaborate following: Cause-and-Effect diagram Pareto diagram Control chart Process capability Scatter diagram [10]
(20)
Q. 7
(a)Compare authoritarian, supportive, consultative and Japanese styles of management. [10]
(b)What are basic principles of production management to improve product, process and plant along with efficient human resource utilization? [10]
The 2019 PMS Punjab Principles of Engineering paper set by the PPSC. Question wording only; questions marked “Not yet checked” have not been compared with the official paper yet.
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