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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Monte Carlo solutions in queuing theory are extremely useful in queuing problems

All of the these
That can't be analysed mathematically
To verify mathematical results
Involving multistage queuing

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Industrial Engineering and Production Management
ABC analysis deals with

Flow of material
Analysis of process chart
Ordering schedule of job
Controlling inventory costs money

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Industrial Engineering and Production Management
At the break-even point,

Fixed cost is equal to variable cost
Total cost is equal to sales revenue
Total cost is less than the sales revenue
Total cost is more than the sales revenue

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Industrial Engineering and Production Management
If TL is the largest allowable event occurrence time, total activity slack (s) is equal to

Latest start time earliest start time
All of these
Latest finish time earliest finish time (EFT)
TLEFT

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Industrial Engineering and Production Management
Time study is used to

Determine the number of machines a person may run
Provide a basis for setting piece price or incentive wages
All of the these
Determine standard costs

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Industrial Engineering and Production Management
Break-even point is the point where

Fixed and variable cost lines intersect
Variable and total cost lines intersect
Fixed and total cost lines intersect
Sales revenue and total expensive lines intersect

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