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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
A PERT network has three activities on critical path with mean time 3, 8 and 6 and standard deviations 1, 2 and 2 respectively. The probability that the project will be completed in 20 days is

0.84
0.5
0.95
0.66

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Industrial Engineering and Production Management
In CPM, the cost slope is determined by

Normal Cost/Crash cost
(Normal cost - Crash cost)/ (Normal time - Crash time)
(Crash Cost - Normal cost)/ (Normal time - Crash time)
Crash cost/Normal Cost

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Industrial Engineering and Production Management
If A is the total items consumed per year, P is the procurement cost per order, and C is the annual inventory carrying cost per item, then the most economic ordering quantity is given by

AP/C
2AP/C
√(2AP/C)
(AP/C)²

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Industrial Engineering and Production Management
Which of the following depreciation system ensures that the interest be charged on the cost of machine asset every year on the book value, but the rate of depreciation every year remains constant

Straight line method
ABC charging method
Annuity charging method
Sinking fund method

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Industrial Engineering and Production Management
In Emerson's efficiency plan of wage incentive system, bonus is paid to a worker

On the percentage of time saved
Whose output exceeds 67% efficiency
On the percentage of time worked
On the percentage of standard time

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