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Industrial Engineering and Production Management

Industrial Engineering and Production Management
ABC analysis deals with

Analysis of process chart
Ordering schedule of job
Flow of material
Controlling inventory costs money

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

Function/cost
Saleable value
Depreciated value
Purchase value

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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 Rowan 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
Breakeven analysis is a

Average of short and long term analysis
Short term analysis
Long term analysis
Any one of these

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Industrial Engineering and Production Management
In fixed position layout

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

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Industrial Engineering and Production Management
Which of the following incentive plans ensures a part of the swing to the worker and rest to the employer?

Halsey premium plan
Emerson efficiency plan
Gilbert plan
Taylor plan

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