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INDUSTRIAL ENGINEERING AND PRODUCTION MANAGEMENT

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
(AP/C)²
2AP/C
√(2AP/C)

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Industrial Engineering and Production Management
Which of the following are the principles of material handling?

Move the heaviest weight to the least distance
Select only efficient handling equipment
Keep all the handling to the minimum
All of these

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Industrial Engineering and Production Management
Templates are used for

Copying complicated profiles
Flow of material
A planning layout
Advancing a programme in automatic machines

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Industrial Engineering and Production Management
Performance rating is equal to

Observed performance + normal performance
Observed performance × normal performance
None of these
Observed performance - normal performance

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

Cost reduction
Customer satisfaction
Function concept
Profit maximization

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