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Industrial Engineering and Production Management

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

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Industrial Engineering and Production Management
The determination of standard time in a complex job system is best done through

Analysis of micro-motions
Grouping timing technique
Analysis of standard data system
Stop watch time study

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Industrial Engineering and Production Management
Standing orders which are statutory are applicable to

All industries employing more than 100 workers
All industries
All process industries and thermal power plants
Only major industries

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Industrial Engineering and Production Management
The production scheduling is simpler and high volume of output and high labour efficiency are achieved in the case of

Product layout
A combination of line and process layout
Fixed position layout
Process layout

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Industrial Engineering and Production Management
The objective of time study is to determine the time required to complete a job by

Slow worker
Average worker
Fast worker
New entrant

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Industrial Engineering and Production Management
The simplex method is the basic method for

Operation research
Linear programming
Value analysis
Model analysis

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