Industrial Engineering and Production Management An optimum project schedule implies To produce best results under given constraints Timely execution of project Lowest possible cost and shortest possible time for project Optimum utilization of men, machines and materials To produce best results under given constraints Timely execution of project Lowest possible cost and shortest possible time for project Optimum utilization of men, machines and materials ANSWER DOWNLOAD EXAMIANS APP
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 CAM = DAM CAM < DAM There is no such criterion CAM > DAM CAM = DAM CAM < DAM There is no such criterion ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management In break even analysis, total cost consists of Fixed cost + variable cost Fixed cost + variable cost + profit Variable cost + sales revenue Fixed cost + variable cost Fixed cost + variable cost + profit Variable cost + sales revenue ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Work study is mainly aimed at Developing the standard method and standard time of a job Establishing the minimum time of completion of a job Economizing the motions involved on the part of the worker while performing a job Determining the most efficient method of performing a job Developing the standard method and standard time of a job Establishing the minimum time of completion of a job Economizing the motions involved on the part of the worker while performing a job Determining the most efficient method of performing a job ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Service time in queuing theory is usually assumed to follow Poisson’s distribution Exponential law Normal distribution Erlang distribution Poisson’s distribution Exponential law Normal distribution Erlang distribution ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management The difference between the time available to do the job and the time required to do the job, is known as Event Duration Float Constraint Event Duration Float Constraint ANSWER DOWNLOAD EXAMIANS APP
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