INDUSTRIAL ENGINEERING AND PRODUCTION MANAGEMENT

Optimum utilization of men, machines and materials

To produce best results under given constraints

Lowest possible cost and shortest possible time for project

Timely execution of project

Determine overhead expenses

Provide a basis for setting piece prices or incentive wages

Determine the capability of an operator to handle the number of machines

Determine standard costs

Determine the number of machines a person may run

Provide a basis for setting piece price or incentive wages

Determine standard costs

All of the these

W.F.S. (Work Factor Systems)

M.T.S. (Basic Motion Time Study)

M.T.M. (Method Time Measurement)

All of these

WFS (work factor systems)

BNTS (basic motion time study)

MTM (method time measurement)

All of these