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Industrial Engineering and Production Management

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/[1 + (V/P)]
(F × P)/V

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Industrial Engineering and Production Management
Critical path moves along the activities having total float of

Same value
Negative value
Positive value
Zero value

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Industrial Engineering and Production Management
Product layout is also known as

Synthetic layout
Static product layout
Analytical layout
None of these

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Industrial Engineering and Production Management
The product layout

Utilizes machine and labour better
Lowers overall manufacturing time
Requires less space for placing machines
All of these

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Industrial Engineering and Production Management
An optimum project schedule implies

Optimum utilization of men, machines and materials
Timely execution of project
To produce best results under given constraints
Lowest possible cost and shortest possible time for project

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Industrial Engineering and Production Management
Gantt chart gives information about

Sales
Machine utilization
Production schedule
Scheduling and routing

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