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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Father of industrial engineering is

Henry Laurence Gantt
Frederick Taylor
Jack Gilbert
Isaac Newton

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Industrial Engineering and Production Management
A dummy activity in a net work diagram

Is represented by a dotted line
Is an artificial activity
Does not consume time or resources
All of these

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Industrial Engineering and Production Management
If A is the total items consumed per year, P is the procurement cost per order, and C is the annual inventory carrying cost per item, then the most economic ordering quantity is given by

(AP/C)²
2AP/C
√(2AP/C)
AP/C

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Industrial Engineering and Production Management
An optimum project schedule implies

Lowest possible cost and shortest possible time for project
To produce best results under given constraints
Optimum utilization of men, machines and materials
Timely execution of project

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

Linear programming
Model analysis
Operation research
Value analysis

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Industrial Engineering and Production Management
Critical path moves along the activities having total float of

Zero value
Negative value
Positive value
Same value

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