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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)²
AP/C
√(2AP/C)
2AP/C

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Industrial Engineering and Production Management
Acceptance sampling is widely used in

Batch production
Mass production
All of these
Job production

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Industrial Engineering and Production Management
According to Rowan plan of wage incentive system, bonus is paid to a worker

On the percentage of time worked
On the percentage of standard time
On the percentage of time saved
Whose output exceeds 67% efficiency

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Industrial Engineering and Production Management
The amount deducted from the salary of workers towards employee’s provident fund is

Credited into reserves of company
Deposited in the account of worker with Provident Fund Commissioner
Deposited in post office
Deposited in nationalized bank

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

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

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Industrial Engineering and Production Management
Bar chart is suitable for

Minor work
All of these
Large project
Major work

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