Industrial Engineering and Production Management
According to Rowan plan of wage incentive system, bonus is paid to a worker

On the percentage of standard time
On the percentage of time saved
Whose output exceeds 67% efficiency
On the percentage of time worked

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Industrial Engineering and Production Management
Value engineering aims at finding out the

Major function of the item and accomplishing the same at least cost without change in quality
Break-even point when machine requires change
Resale value of a product
Depreciation value of a product

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Industrial Engineering and Production Management
In order that linear programming techniques provide valid results

Either (A) or (B)
Only one factor should change at a time, others remaining constant
Relations between factors must be linear (positive)
Relations between factors must be linear (negative)

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