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Industrial Engineering and Production Management

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

Product layout
Specialization of operation
Automatic material handling equipment
Functional layout

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Industrial Engineering and Production Management
The product layout

Lowers overall manufacturing time
Requires less space for placing machines
Utilizes machine and labour better
All of these

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Industrial Engineering and Production Management
The mathematical technique for finding the best use of limited resources in an optimum manner is known as

Operation research
Linear programming
Network analysis
Break-even analysis

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

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Industrial Engineering and Production Management
The interchangeability can be achieved by

Better product planning
Standardization
Better process planning
Bonus plan

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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 + profit
Fixed cost + variable cost

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