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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

√(2AP/C)
AP/C
(AP/C)²
2AP/C

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Industrial Engineering and Production Management
A graphical device used to determine the break-even point and profit potential under varying conditions of output and costs, is known as

PERT chart
Gantt chart
Flow chart
Break-even chart

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Industrial Engineering and Production Management
Which of the following conditions are necessary for applying linear programming?

The resources must be in limited supply.
These must be a well defined objective function.
All of these
The decision variables should be interrelated and nonnegative.

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Industrial Engineering and Production Management
Routing prescribes the

Inspection of final product
Flow of material in the plant
Proper utilization of machines
Proper utilization of man power

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Industrial Engineering and Production Management
Pick up the correct statement. Dummy activity on a PERT/CPM chart means, it

Consumes resources but no time
Consumes time, but no resources
Consumes neither time nor resources
Is a dangling event

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Industrial Engineering and Production Management
PERT analysis is based upon

Most likely time
All of these
Optimistic time
Pessimistic time

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