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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Break-even analysis consists of

Fixed and variable costs
Operation costs
Variable cost
Fixed cost

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Industrial Engineering and Production Management
The grouping of activities into organizational units is called

Corporate plans
Departmentation
Functional authority
Higher level management

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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)

There is no such criterion
CAM < DAM
CAM > DAM
CAM = DAM

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Industrial Engineering and Production Management
The simplex method is the basic method for

Operation research
Value analysis
Model analysis
Linear programming

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Industrial Engineering and Production Management
Linear programming can be applied successfully to

All of these
Chemical industry
Oil industry
Banks

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Industrial Engineering and Production Management
Replacement studies are made on the following basis

Annual cost method
Total life average method
Any one of the above
Rate of return method

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