Industrial Engineering and Production Management According to MAPI formula, the old machine should be replaced by new one when (Here, CAM = Challenger's Adverse minimum, DAM = Defender's Adverse minimum) CAM < DAM There is no such criterion CAM = DAM CAM > DAM CAM < DAM There is no such criterion CAM = DAM CAM > DAM ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management If A is the total items consumed per year, P is the procurement cost per order, and C is the annual inventory carrying cost per item, then the most economic ordering quantity is given by AP/C √(2AP/C) (AP/C)² 2AP/C AP/C √(2AP/C) (AP/C)² 2AP/C ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management In Lincoln plan (one type of group incentive plan), the amount of the profit which an employee receives in addition to the guaranteed basic pay/wages, is based on: A merit rating system His individual performance A standard rating system A job evaluation system A merit rating system His individual performance A standard rating system A job evaluation system ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management In time study, the rating factor is applied to determine Merit rating of the worker Normal time of a worker Standard time of a job Fixation of incentive rate Merit rating of the worker Normal time of a worker Standard time of a job Fixation of incentive rate ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management If E is the duration, ES and EF are die earliest start and finish times, LS and LF are latest start and finish times, then the following relation holds good EF = ES + D LS = LFD LF = LS + D All of these EF = ES + D LS = LFD LF = LS + D All of these ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Choose the wrong statement Time study is used to Determine overhead expenses Provide a basis for setting piece prices or incentive wages Determine the capability of an operator to handle the number of machines Determine standard costs Determine overhead expenses Provide a basis for setting piece prices or incentive wages Determine the capability of an operator to handle the number of machines Determine standard costs ANSWER DOWNLOAD EXAMIANS APP
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