Industrial Engineering and Production Management
An optimum project schedule implies

To produce best results under given constraints
Optimum utilization of men, machines and materials
Timely execution of project
Lowest possible cost and shortest possible time for project

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Industrial Engineering and Production Management
The process capability of a machine is defined as the capability of the machine to

Holds a definite spectrum of tolerance and surface finish
Produces a definite volume of work per minute
Produce job at a definite spectrum of speed
Perform definite number of operations

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