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Industrial Engineering and Production Management

Industrial Engineering and Production Management
In inventory control, the economic order quantity is the

Capability of a plant to produce
Highest level of inventory
Lot corresponding to break-even point
Optimum lot size

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Industrial Engineering and Production Management
What does symbol 'D' imply in work study?

Delay/temporary storage
Inspection
Transport
Permanent storage

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Industrial Engineering and Production Management
Inventory management consists of

State of merchandise methods of storing and maintenance etc.
Stock control system
Effective running of stores
All of these

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Industrial Engineering and Production Management
The interchangeability can be achieved by

Bonus plan
Standardization
Better process planning
Better product planning

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Industrial Engineering and Production Management
The aim of value engineering is to

Minimize the cost without change in quality of the product
Determine the selling price of a product
All of these
Find the depreciation value of a machine

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Industrial Engineering and Production Management
PERT has following time estimate

Four time estimate
Three time estimate
Two time estimate
One time estimate

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