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Industrial Engineering and Production Management

Industrial Engineering and Production Management
If a worker gets a daily wage of Rs HA, then according to Rowan plan, his maximum daily earnings can be

1.15 HA
1.5 HA
2 HA
1.33 HA

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Industrial Engineering and Production Management
The interchangeability can be achieved by

Better product planning
Bonus plan
Better process planning
Standardization

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

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

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Industrial Engineering and Production Management
If ‘F’ is the fixed cost, ‘V’ is the variable cost per unit (or total variable costs) and ‘P’ is the selling price of each unit (or total sales value), then break-even point is equal to

F/[1 + (V/P)]
(F × P)/V
F/[1 - (V/P)]
(F × V)/P

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Industrial Engineering and Production Management
Work study is done with the help of

All of the these
Process chart
Stop watch
Material handling

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Industrial Engineering and Production Management
An optimum project schedule implies

To produce best results under given constraints
Timely execution of project
Optimum utilization of men, machines and materials
Lowest possible cost and shortest possible time for project

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