Industrial Engineering and Production Management The time required to complete a task is established and a bonus is paid to the worker for every hour he saves from the established time required. This type of incentive plan is known as Halsey Premium plan Rowan Plan Day work plan Taylor Differential Piece rate system Halsey Premium plan Rowan Plan Day work plan Taylor Differential Piece rate system ANSWER DOWNLOAD EXAMIANS APP
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 Rowan plan, wages for the job will be TR + (S - T) × R TR TR + [(S - T)/S] × R TR + [(S - T)/2] × R TR + (S - T) × R TR TR + [(S - T)/S] × R TR + [(S - T)/2] × R ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Two alternatives can produce a product. First have a fixed cost of Rs. 2000 and a variable cost of Rs. 20 per piece. The second method has a fixed cost of Rs. 1500 and a variable cost of Rs. 30. The break even quantity between the two alternatives is 75 100 25 50 75 100 25 50 ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Queuing theory is associated with Inspection time Production time Waiting time Sales Inspection time Production time Waiting time Sales ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management According to MAPI formula, the old machine should be replaced by new one when(Here, CAM = Challenger's Adverse minimum, DAM = Defender's Adverse minimum) CAM > DAM CAM < DAM There is no such criterion CAM = DAM CAM > DAM CAM < DAM There is no such criterion CAM = DAM ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Product layout is also known as Static product layout Analytical layout Synthetic layout None of these Static product layout Analytical layout Synthetic layout None of these ANSWER DOWNLOAD EXAMIANS APP
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