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L4M7 Exam Dumps : Whole Life Asset Management

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Whole Life Asset Management Questions and Answers

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Question 1

Which of the following are essential aspects that are required for the successful implementation of Just-In-Time (JIT)? SelectTWOthat apply.

Options:

A.

The purchasing of parts in bulk at lower prices covers the costs of delivery and storage required for JIT

B.

Parts must arrive where they are needed, when they are needed, and in the exact quantity needed

C.

All parts arriving must be of a quality standard which is usable and free from defects

D.

The cost of carrying increased parts inventory to meet customer demand is transferred to the customer

E.

Suppliers must hold a buffer stock of components to ensure that they are able to meet JIT demand

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Question 2

Nuclear Energy Group Limited (NEG) has a number of investment options currently under appraisal. As these are all long-term investments (more than 30 years), NEG is adopting a total cost of ownership approach. It has gathered data on all associated costs over the life of the investment. Which of the following will be regarded as end-of-life costs?

Options:

A.

Insurance costs

B.

Servicing costs

C.

Installation costs

D.

Decommissioning costs

Question 3

Radio Frequency Identification (RFID) is an electronic technology that transmits data from tagged items. What are the advantages of RFID technology? SelectTWOthat apply.

Options:

A.

RFID technology uses barcodes but is not limited by distance from the item location

B.

RFID technology can be detected by both portable and fixed readers

C.

RFID technology can operate in a harsh physical environment

D.

RFID technology can cause a tag collision when numerous tags in the same area respond simultaneously

E.

RFID technology is very small and holds limited information

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