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INDUSTRIAL ENGINEERING AND PRODUCTION MANAGEMENT

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

√(2AP/C)
AP/C
(AP/C)²
2AP/C

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Industrial Engineering and Production Management
Which of the following are the principles of material handling?

Keep all the handling to the minimum
Move the heaviest weight to the least distance
Select only efficient handling equipment
All of these

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Industrial Engineering and Production Management
Templates are used for

A planning layout
Flow of material
Advancing a programme in automatic machines
Copying complicated profiles

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Industrial Engineering and Production Management
Performance rating is equal to

Observed performance + normal performance
None of these
Observed performance × normal performance
Observed performance - normal performance

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

Profit maximization
Cost reduction
Function concept
Customer satisfaction

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