MCQs of Unit:4 Replacement Theory (Operation Research-3151910)

MCQ No - 1

When money value changes with time at 10 %, then PWF for the first year is

(A)

1

(B)

0.909

(C)

0.852

(D)

0.9

A

MCQ No - 2

When money value changes with time at 20%, the discount factor for the 2nd year is

(A)

1

(B)

0.833

(C)

0

(D)

0.6955

B

MCQ No - 3

Which of the following replacement policies is considered to be dynamic in nature?

(A)

Time is a continuous variable and the money value does not change with time

(B)

When money value does not change with time and time is a discrete variable

(C)

When money value changes with time

(D)

When money value remains constant for some time and then goes on changing with time

C

MCQ No - 4

When the probability of failure reduces gradually, the failure mode is said to be

(A)

Regressive

(B)

Retrogressive

(C)

Progressive

(D)

Recursive

B

MCQ No - 5

............................... is concerned with the determination of the most economic replacement policy.

(A)

Probabilistic programming

(B)

Linear programming

(C)

Search theory

(D)

Replacement theory

D

Operation Research (3151910) MCQ