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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
Product layout is used for

Any one of these
Job production
Batch production
Mass production

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

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Industrial Engineering and Production Management
CPM has following time estimate

Two time estimate
One time estimate
Four time estimate
Three time estimate

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Industrial Engineering and Production Management
In fixed position layout

Capital investment is minimum
Material movement is less
All of these
Total production cost is less

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Industrial Engineering and Production Management
Inventory management consists of

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

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