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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Critical path on PERT/CPM chart is obtained by joining the events having

Maximum slack
Minimum slack
Average slack
No slack

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Industrial Engineering and Production Management
If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Rowan plan, wages for the job will be

TR
TR + (S - T) × R
TR + [(S - T)/S] × R
TR + [(S - T)/2] × R

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Industrial Engineering and Production Management
Works cost implies

Factory expenses
Primary cost + factory expenses
Factory cost
Primary cost

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Industrial Engineering and Production Management
In value engineering, important consideration is given to

Cost reduction
Customer satisfaction
Function concept
Profit maximization

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Industrial Engineering and Production Management
Time study is used to

Determine the number of machines a person may run
Provide a basis for setting piece price or incentive wages
All of the these
Determine standard costs

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Industrial Engineering and Production Management
The time of completing a project in network analysis is given by following time of the critical activity meeting at the final triode

Late start
Early start
Late finish
Early finish

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