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

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Industrial Engineering and Production Management
Indirect expenses include

Factory expenses
Administrative expenses
Selling expenses
All of these

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Industrial Engineering and Production Management
Graphical method, simplex method, and transportation method are concerned with

Linear programming
Break-even analysis
Value analysis
Queueing theory

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Industrial Engineering and Production Management
The main advantage of line organisation is its

Effective command and control
Defined responsibilities at all levels
Rigid discipline in the organisation
All of these

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Industrial Engineering and Production Management
Discrepancies of bar chart techniques are

Effective monitoring/controlling can't be done
All of these
Free time available for an activity can't be predicted
Consequential effects of lack in one activity on the finish date

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Industrial Engineering and Production Management
Gantt chart gives information about

Sales
Scheduling and routing
Machine utilization
Production schedule

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