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Industrial Engineering and Production Management

Industrial Engineering and Production Management
'Value' for value engineering and analysis purposes is defined as

Function/cost
Saleable value
Purchase value
Depreciated value

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Industrial Engineering and Production Management
In which of the following layouts, the lines need to the balanced

Fixed position layout
Process layout
Product layout
Plant layout

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Industrial Engineering and Production Management
Inventory management consists of

Effective running of stores
State of merchandise methods of storing and maintenance etc.
All of these
Stock control system

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Industrial Engineering and Production Management
One of the basic essentials of an incentive plan is that

Minimum wages should be guaranteed
Provide incentive to group efficiency performance
All standards should be based on time studies
A differential piece rate system should exist

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Industrial Engineering and Production Management
In Halsey 50-50 plan, output standards are established

By time study
All of these
From one's judgment
From previous production records

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

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

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