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Industrial Engineering and Production Management

Industrial Engineering and Production Management
PERT analysis is based upon

Pessimistic time
Most likely time
Optimistic time
All of these

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Industrial Engineering and Production Management
In perpetual inventory control, the material is checked as it reaches its

Middle value
Average value
Minimum value
Maximum value

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Industrial Engineering and Production Management
An activity of the project is graphically represented by ________ on the network diagram.

A straight line
A circle
An arrow
None of these

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

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Industrial Engineering and Production Management
Bar chart is suitable for

Major work
Large project
Minor work
All of these

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Industrial Engineering and Production Management
If ‘F’ is the fixed cost, ‘V’ is the variable cost per unit (or total variable costs) and ‘P’ is the selling price of each unit (or total sales value), then break-even point is equal to

F/[1 - (V/P)]
(F × P)/V
(F × V)/P
F/[1 + (V/P)]

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