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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Current assets include

Manufacturing plant and equipment
Common stock held by the firm
Manufacturing plant
Inventories

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Industrial Engineering and Production Management
In PERT analysis, critical path is obtained by joining events having

Zero slack
Dummy activities
+ve slack
-ve slack

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Industrial Engineering and Production Management
'O' on a PERT/CPM chart represents

An ordinary event
An event to be transferred to other network chart
A significant event representing some milestone
Dangling event

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Industrial Engineering and Production Management
The process layout is best suited where

Few number of non-standardized units is to be produced
Mass production is envisaged
Specialization exists
Machines are arranged according to sequence of operation

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Industrial Engineering and Production Management
The wastage of material in the store is taken into account by the following method in the evaluation of the material issued from the store

Primary cost method
Fixed price method
Current value method
Inflated system

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Industrial Engineering and Production Management
In the perpetual inventory control, the material is checked when it reaches its

Maximum value
Average value
Alarming value
Minimum value

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