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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Queueing theory deals with problems of

Effective use of machines
Reducing the waiting time or idle time
Material handling
Better utilization of man services

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Industrial Engineering and Production Management
The grouping of activities into organizational units is called

Higher level management
Corporate plans
Functional authority
Departmentation

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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
The routing function in a production system design is concerned with

Optimizing material flow through the plant
Quality assurance of the product
Manpower utilization
Machine utilization

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Industrial Engineering and Production Management
Work study comprises following main techniques

Method study and time study
Method study and job evaluation
Time study and work measurement
Method study and work measurement

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Industrial Engineering and Production Management
For a small scale industry, the fixed cost per month is Rs. 5000. The variable cost per product is Rs. 20 and sales price is Rs. 30 per piece. The break even production per month will be

500
300
460
1000

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