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Industrial Engineering and Production Management

Industrial Engineering and Production Management
One time measurement unit (TMU) in method time measurement system equals

0.0006 minute
0.0001 minute
0.006 minute
0.001 minute

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Industrial Engineering and Production Management
A-B-C analysis

All of the these
Is meant for relative inventory control
Is a basic technique of materials management
Does not depend upon the unit cost of the item but on its annual consumption

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Industrial Engineering and Production Management
CPM has following time estimate

Four time estimate
Two time estimate
Three time estimate
One time estimate

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Industrial Engineering and Production Management
In the Emerson efficiency plan, a worker receives only his daily wage and no bonus is paid till his efficiency reaches

0.75
0.6667
0.5
0.8

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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)

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

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

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

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