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Industrial Engineering and Production Management

Industrial Engineering and Production Management
For a small scale industry, the fixed cost per month is Rs. 5000. The variable cost per product is Rs. 20 and sales price is Rs. 30 per piece. The break even production per month will be

500
460
1000
300

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Industrial Engineering and Production Management
PERT/CPM, techniques can be used for following applications

All of these
Once through project
Research and development
Maintenance jobs

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Industrial Engineering and Production Management
Queuing theory is associated with

Inspection time
Waiting time
Production time
Sales

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Industrial Engineering and Production Management
Replacement studies are made on the following basis

Rate of return method
Any one of the above
Annual cost method
Total life average method

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

Same value
Zero value
Negative value
Positive value

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Industrial Engineering and Production Management
A PERT network has three activities on critical path with mean time 3, 8 and 6 and standard deviations 1, 2 and 2 respectively. The probability that the project will be completed in 20 days is

0.84
0.95
0.5
0.66

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