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Industrial Engineering and Production Management

Industrial Engineering and Production Management
In the Halsey system of wage incentive plan, a worker is

Ensured of minimum wages
Not paid any bonus till his efficiency
Never a loser
Paid as per efficiency

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Industrial Engineering and Production Management
Break-even point is the point where

Variable and total cost lines intersect
Fixed and total cost lines intersect
Fixed and variable cost lines intersect
Sales revenue and total expensive lines intersect

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Industrial Engineering and Production Management
'Value' for value engineering and analysis purposes is defined as

Depreciated value
Function/cost
Saleable value
Purchase value

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Industrial Engineering and Production Management
In value engineering, important consideration is given to

Cost reduction
Function concept
Customer satisfaction
Profit maximization

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Industrial Engineering and Production Management
Critical path on PERT/CPM chart is obtained by joining the events having

Maximum slack
Average slack
Minimum slack
No slack

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Industrial Engineering and Production Management
In product layout

Machines can not be used to their maximum capacity
Manufacturing cost rises with a fall in the volume of production
Specialized and strict supervision is required
All of these

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