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Industrial Engineering and Production Management

Industrial Engineering and Production Management
An event is indicated on the network by

A dotted line
A straight line
A straight line with circles at the ends
A number enclosed in a circle or a square

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Industrial Engineering and Production Management
Earliest finish time can be regarded as

Earliest start time + duration of activity
Latest finish time + duration of activity
Earliest start time duration of activity
Latest finish time duration of activity

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Industrial Engineering and Production Management
In value engineering, important consideration is given to

Profit maximization
Customer satisfaction
Cost reduction
Function concept

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Industrial Engineering and Production Management
If ‘F’ is the fixed cost, ‘V’ is the variable cost per unit (or total variable costs) and ‘P’ is the selling price of each unit (or total sales value), then break-even point is equal to

(F × V)/P
F/[1 + (V/P)]
F/[1 - (V/P)]
(F × P)/V

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Industrial Engineering and Production Management
Works cost implies

Primary cost
Factory cost
Primary cost + factory expenses
Factory expenses

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Industrial Engineering and Production Management
Both Rowan plan and 50-50 Halsey plan will provide the same earning when the actual time is _________ the standard time.

Twice
One-fourth
One-half
Equal to

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