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Industrial Engineering and Production Management

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

Automatic material handling equipment
Specialization of operation
Functional layout
Product layout

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Industrial Engineering and Production Management
In process layout

Routing and scheduling is more difficult
Handling and backtracking of materials is too much
Production control is more difficult and costly
All of these

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Industrial Engineering and Production Management
In break even analysis, total cost consists of

Variable cost + sales revenue
Fixed cost + variable cost
Fixed cost + variable cost + profit

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

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Industrial Engineering and Production Management
PERT requires

Double time estimate
None of the listed here
Triple time estimate
Single time estimate

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Industrial Engineering and Production Management
Monte Carlo solutions in queuing theory are extremely useful in queuing problems

Involving multistage queuing
All of the these
That can't be analysed mathematically
To verify mathematical results

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