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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Break-even analysis shows profit when

Sales revenue < total cost
Sales revenue = total cost
Sales revenue > total cost
Variable cost < fixed cost

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Industrial Engineering and Production Management
Acceptance sampling is widely used in

Mass production
Batch production
Job production
All of these

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Industrial Engineering and Production Management
For a product layout the material handling equipment must

Have full flexibility
Employ conveyor belts, trucks, tractors etc.
Be designed as special purpose for a particular application
Be a general purpose type

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Industrial Engineering and Production Management
A feasible solution to the linear programming problem should

Satisfy the non-negativity restrictions
Satisfy the problem constraints and non-negativity restrictions
Optimise the objective function
Satisfy the problem constraints

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Industrial Engineering and Production Management
The break-even point represents

Time when industry will undergo loss
The time when company can make maximum profits
The time when unit can run without any loss and profit
The most economical level of operation of any industry

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Industrial Engineering and Production Management
The technique of value analysis can be applied to

Simple items only
Complicated items only
Any item
Crash programmer items only

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