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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Performance rating is equal to

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

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Industrial Engineering and Production Management
Two alternatives can produce a product. First have a fixed cost of Rs. 2000 and a variable cost of Rs. 20 per piece. The second method has a fixed cost of Rs. 1500 and a variable cost of Rs. 30. The break even quantity between the two alternatives is

100
25
75
50

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Industrial Engineering and Production Management
Earliest finish time can be regarded as

Latest finish time duration of activity
Earliest start time duration of activity
Latest finish time + duration of activity
Earliest start time + duration of activity

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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
Service time in queuing theory is usually assumed to follow

Normal distribution
Exponential law
Erlang distribution
Poisson’s distribution

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Industrial Engineering and Production Management
In a PERT chart

Only selected activities are numbered
Only important activities should be numbered
Only critical activities are numbered
All activities should be numbered

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