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Industrial Engineering and Production Management

Industrial Engineering and Production Management
In perpetual inventory control, the material is checked as it reaches its

Average value
Minimum value
Maximum value
Middle value

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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 probabilistic time is given by (where to = Optimistic time, tp = Pessimistic time, and tn = Most likely time)

(to + 4tp + tn)/5
(to + tp + 4tn)/6
(to + 2tp + tn)/4
(to + tp + tn)/3

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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

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

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Industrial Engineering and Production Management
String diagram is used when

Material handling is to be done
All of these
Team of workers is working at a place
Idle time is to be reduced

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Industrial Engineering and Production Management
The time taken by a trained worker to perform an operation, while working a steady pace, is known as

Normal time
Standard time
Representative time
None of the listed here

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