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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

Minimum slack
Average slack
No slack
Maximum slack

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Industrial Engineering and Production Management
A milestone chart

Depicts the delay of jobs, if any
Points outgoing ahead of schedule of jobs, if any
Shows the inter dependences of various jobs
None of the these

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Industrial Engineering and Production Management
The term 'value' in value engineering refers to

Utility of the product
Selling price of the product
Manufactured cost of the product
Total cost of the product

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Industrial Engineering and Production Management
In break even analysis, total cost consists of

Variable cost + sales revenue
Fixed cost + variable cost + profit
Fixed cost + variable cost

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Industrial Engineering and Production Management
According to Muther, the basic principle of best layout is

Principle of overall integration
All of the listed here
Principle of flow
Principle of flexibility

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Industrial Engineering and Production Management
PERT is

An analytic tool in concept
All of the listed here
Limit up of event oriented diagrams
Used for research and development projects

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