The average annual cost will be minimized by replacing a machine when_____.

Related MCQs

• The average arrival rate in a single server queuing system is 10 customers per hour and average service rate is 15 customers per hour. The average time that a customer must wait before it is taken up for service shall be _______minutes.
• In an Linear Programming Problem functions to be maximized or minimized are called ___________.
• The linear function to be maximized or minimized is called _____________.
• A petrol pump has two pumps; Vehicles arrive at the petrol pump according to poison input process at average of 12 per hour. The service time follows exponential distribution with a mean of 4 minutes. The pumps are expected to be idle for _____.
• The calculations of opportunity cost in the MODI method is analogous to a_____.
• An optimal assignment requires that the maximum number of lines which can be drawn through squares with zero opportunity cost be equal to the number of______.
• While solving an assignment problem, an activity is assigned to a resource through a square with zero opportunity cost because the objective is to_________.
• The group replacement policy in suitable for identical low cost items which are likely to_________.
• In time cost trade off function analysis_________.
• The minimum number of lines covering all zeros in a reduced cost matrix of order n can be _____.