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Industrial Engineering and Production Management

Industrial Engineering and Production Management
In value engineering, important consideration is given to

Cost reduction
Profit maximization
Customer satisfaction
Function concept

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Industrial Engineering and Production Management
In ABC control policy, maximum attention is given to

Those × items which are in more demand
Those items which consume more money
Those items which consume money
Those items which are not readily available

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Industrial Engineering and Production Management
According to MAPI formula, the old machine should be replaced by new one when(Here, CAM = Challenger's Adverse minimum, DAM = Defender's Adverse minimum)

CAM < DAM
CAM = DAM
There is no such criterion
CAM > DAM

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Industrial Engineering and Production Management
The technique of value analysis can be applied to

Complicated items only
Crash programmer items only
Simple items only
Any item

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Industrial Engineering and Production Management
The bonus increases in proportion to the increase in efficiency. This statement applies to

Rowan plan
Gantt plan
Emerson's efficiency plan
Halsey plan

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Industrial Engineering and Production Management
The grouping of activities into organizational units is called

Functional authority
Corporate plans
Higher level management
Departmentation

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