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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The probabilistic time is given by (where to = Optimistic time, tp = Pessimistic time, and tn = Most likely time)

(to + tp + tn)/3
(to + tp + 4tn)/6
(to + 4tp + tn)/5
(to + 2tp + tn)/4

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Industrial Engineering and Production Management
Discrepancies of bar chart techniques are

Free time available for an activity can't be predicted
Consequential effects of lack in one activity on the finish date
All of these
Effective monitoring/controlling can't be done

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

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

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Industrial Engineering and Production Management
Bar chart is suitable for

Large project
Major work
All of these
Minor work

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Industrial Engineering and Production Management
Product layout is also known as

None of these
Analytical layout
Synthetic layout
Static product layout

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Industrial Engineering and Production Management
Pick up the correct statement. Dummy activity on a PERT/CPM chart means, it

Consumes resources but no time
Consumes neither time nor resources
Consumes time, but no resources
Is a dangling event

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