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Industrial Engineering and Production Management

Industrial Engineering and Production Management
If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Halsey 50-50 plan, wages for the job will be

TR + (S - T) × R
TR
TR + [(S - T)/S] × R
TR + [(S - T)/2] × R

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Industrial Engineering and Production Management
Replacement studies are made on the following basis

Annual cost method
Rate of return method
Total life average method
Any one of the above

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Industrial Engineering and Production Management
Product layout is best suited where

One type of product is produced
Product is standardized
Product is manufactured in large quantities
All of these

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Industrial Engineering and Production Management
A low unit cost can be obtained by following

Functional layout
Automatic material handling equipment
Product layout
Specialization of operation

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Industrial Engineering and Production Management
The most popular type of organisation used for Civil Engineering Constructions is

Functional organization
Effective organization
Line organization
Line and staff organization

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Industrial Engineering and Production Management
The aim of value engineering is to

Minimize the cost without change in quality of the product
All of these
Determine the selling price of a product
Find the depreciation value of a machine

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