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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Gantt charts are used for

Forecasting sales
Scheduling and routing
Linear programming
Production schedule

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Industrial Engineering and Production Management
If A is the total items consumed per year, P is the procurement cost per order, and C is the annual inventory carrying cost per item, then the most economic ordering quantity is given by

AP/C
2AP/C
(AP/C)²
√(2AP/C)

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Industrial Engineering and Production Management
PERT is applied for

Research and development of products
Marketing programmes and advertising programmes
Installation of machinery
All of these

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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 × P)/V
(F × V)/P
F/[1 - (V/P)]

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Industrial Engineering and Production Management
In CPM, the cost slope is determined by

(Normal cost - Crash cost)/ (Normal time - Crash time)
Normal Cost/Crash cost
(Crash Cost - Normal cost)/ (Normal time - Crash time)
Crash cost/Normal Cost

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Industrial Engineering and Production Management
The start or completion of task is called

A duration
An event
None of these
An activity

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