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Industrial Engineering and Production Management

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

Profit maximization
Customer satisfaction
Cost reduction
Function concept

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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)

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

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Industrial Engineering and Production Management
A diagram showing the path followed by men and materials while performing a task is known as

String diagram
Flow diagram
Travel chart
Flow process chart

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Industrial Engineering and Production Management
A-B-C analysis is used in

CPM
Inventory control
All of these
PERT

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Industrial Engineering and Production Management
Queuing theory deals with problems of

Material handling
Effective use of machines
Better utilization of man services
Reducing the waiting time or idle time

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Industrial Engineering and Production Management
In fixed position layout

Capital investment is minimum
Material movement is less
All of these
Total production cost is less

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