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Industrial Engineering and Production Management

Industrial Engineering and Production Management
For a small scale industry, the fixed cost per month is Rs. 5000. The variable cost per product is Rs. 20 and sales price is Rs. 30 per piece. The break even production per month will be

460
300
1000
500

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Industrial Engineering and Production Management
If ‘F’ is the fixed cost, ‘V’ is the variable cost per unit (or total variable costs) and ‘P’ is the selling price of each unit (or total sales value), then break-even point is equal to

F/[1 - (V/P)]
(F × V)/P
(F × P)/V
F/[1 + (V/P)]

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Industrial Engineering and Production Management
The time required to complete a job is established and a bonus is paid to the worker based on the exact % of time saved. This type of incentive plan is known as

Halsey Premium Plan
Taylor Plan
Dry work Plan
Rowan Plan

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Industrial Engineering and Production Management
Graphical method, simplex method, and transportation method are concerned with

Queueing theory
Break-even analysis
Linear programming
Value analysis

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Industrial Engineering and Production Management
The value engineering technique in which experts of the same rank assemble for product development is called

Direct expert comparison
Brain storming
Morphological analysis
Delphi

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Industrial Engineering and Production Management
Routing prescribes the

Proper utilization of man power
Proper utilization of machines
Inspection of final product
Flow of material in the plant

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