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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The probability distribution of project completion in PERT follows following distribution

Binomial
Gaussian
Exponential
Normal

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Industrial Engineering and Production Management
PERT stands for

Program Estimation and Reporting Technique
Planning Estimation and Resulting Technique
Process Estimation and Review Technique
Program Evaluation and Review Technique

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Industrial Engineering and Production Management
A low unit cost can be obtained by following

Product layout
Automatic material handling equipment
Functional layout
Specialization of operation

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Industrial Engineering and Production Management
Queuing theory is associated with

Inspection time
Production time
Waiting time
Sales

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Industrial Engineering and Production Management
The time required to complete a job is established and a bonus is paid to the worker based on the exact % of time saved. This type of incentive plan is known as

Dry work Plan
Halsey Premium Plan
Rowan Plan
Taylor Plan

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Industrial Engineering and Production Management
If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Halsey 50-50 plan, wages for the job will be

TR + [(S - T)/S] × R
TR + [(S - T)/2] × R
TR
TR + (S - T) × R

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