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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)²
2AP/C
AP/C

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Industrial Engineering and Production Management
Choose the wrong statement. Motion study is used for

Reducing inventory costs
Designing a work method
Improving a work method
Improvising a work method

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Industrial Engineering and Production Management
If TL is the largest allowable event occurrence time, total activity slack (s) is equal to

Latest finish time earliest finish time (EFT)
TLEFT
All of these
Latest start time earliest start time

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Industrial Engineering and Production Management
Which of the following is independent of sales forecast?

Inventory control
Production planning
Productivity
Production control

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Industrial Engineering and Production Management
Indirect expenses include

Administrative expenses
All of these
Factory expenses
Selling expenses

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Industrial Engineering and Production Management
Inventory management consists of

Stock control system
Effective running of stores
State of merchandise methods of storing and maintenance etc.
All of these

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