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)² 2AP/C √(2AP/C) AP/C (AP/C)² 2AP/C √(2AP/C) AP/C ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Two alternatives can produce a product. First have a fixed cost of Rs. 2000 and a variable cost of Rs. 20 per piece. The second method has a fixed cost of Rs. 1500 and a variable cost of Rs. 30. The break even quantity between the two alternatives is 50 100 25 75 50 100 25 75 ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management The most suitable incentive plan for the maintenance section of an industry will be Profit sharing plans Group incentive plan Simplification Piece rate system Profit sharing plans Group incentive plan Simplification Piece rate system ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management The standard time for a job is Total work content + basic time Total work content + delay contingency allowance Base time + relaxation time Total work content Total work content + basic time Total work content + delay contingency allowance Base time + relaxation time Total work content ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management In ABC control policy, maximum attention is given to Those × items which are in more demand Those items which are not readily available Those items which consume money Those items which consume more money Those × items which are in more demand Those items which are not readily available Those items which consume money Those items which consume more money ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Acceptance sampling is widely used in Batch production All of these Mass production Job production Batch production All of these Mass production Job production ANSWER DOWNLOAD EXAMIANS APP
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