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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Breakeven analysis is a

Long term analysis
Average of short and long term analysis
Any one of these
Short term analysis

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Industrial Engineering and Production Management
A graphical device used to determine the break-even point and profit potential under varying conditions of output and costs, is known as

Flow chart
Break-even chart
PERT chart
Gantt chart

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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.

One-half
One-fourth
Twice
Equal to

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Industrial Engineering and Production Management
Dummy activities are used to

Maintain the required net work
Determine the critical path
Determine the project completion time
None of these

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Industrial Engineering and Production Management
Inventory control in production, planning and control aims at

Discounts allowed in bulk purchase
Achieving optimization
Ensuring against market fluctuations
Acceptable customer service at low capital investment in inventory

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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
Satisfy the problem constraints
Optimise the objective function

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