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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

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

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Industrial Engineering and Production Management
ABC analysis deals with

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

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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
A-B-C analysis is used in

CPM
All of these
Inventory control
PERT

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

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

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Industrial Engineering and Production Management
Both Rowan plan and 50-50 Halsey plan will provide the same earning when the actual time is _________ the standard time.

One-fourth
One-half
Twice
Equal to

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