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Industrial Engineering and Production Management

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

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

Specialization of operation
Product layout
Functional layout
Automatic material handling equipment

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Industrial Engineering and Production Management
'O' on a PERT/CPM chart represents

An ordinary event
An event to be transferred to other network chart
Dangling event
A significant event representing some milestone

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Industrial Engineering and Production Management
Process layout is employed

Where similar jobs are manufactured on similar machines
All of these
Where low volume of production is required
Where machines are arranged on functional basis

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Industrial Engineering and Production Management
Time study is

Time taken by workers to do a job
Machine setting time
Method of fixing time for workers
The appraisal, in terms of time, of the value of work involving human effort

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Industrial Engineering and Production Management
Which of the following depreciation system ensures that the interest be charged on the cost of machine asset every year on the book value, but the rate of depreciation every year remains constant

Straight line method
Annuity charging method
Sinking fund method
ABC charging method

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