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

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Industrial Engineering and Production Management
PERT is the

Event oriented technique
Time oriented technique
Target oriented technique
Activity oriented technique

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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
Find the depreciation value of a machine
Determine the selling price of a product

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Industrial Engineering and Production Management
The difference between the time available to do the job and the time required to do the job, is known as

Float
Constraint
Event
Duration

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Industrial Engineering and Production Management
What does symbol 'V' employ in work study

Operation
Inspection
Delay/ temporary Storage
Permanent storage

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Industrial Engineering and Production Management
Critical path on PERT/CPM chart is obtained by joining the events having

Maximum slack
Average slack
No slack
Minimum slack

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