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Industrial Engineering and Production Management

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
√(2AP/C)
(AP/C)²
2AP/C

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Industrial Engineering and Production Management
Linear programming can be applied successfully to

Oil industry
All of these
Chemical industry
Banks

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Industrial Engineering and Production Management
The time required to complete a task is established and a bonus is paid to the worker for every hour he saves from the established time required. This type of incentive plan is known as

Rowan Plan
Halsey Premium plan
Day work plan
Taylor Differential Piece rate system

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Industrial Engineering and Production Management
Standard time is equal to

Normal time taken by an operation
(Normal time) - (allowances)
(Normal time) + (allowances)
Representative time multiplied by rating factor

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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 finish
Early finish
Late start
Early start

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Industrial Engineering and Production Management
Pick up the correct statement about relationship between various floats

Free float = total float
Independent float > free float
Independent float < free float
Independent float = total float

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