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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Pick up the correct statement about relationship between various floats

Independent float = total float
Independent float < free float
Independent float > free float
Free float = total float

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Industrial Engineering and Production Management
One of the basic essentials of an incentive plan is that

All standards should be based on time studies
Provide incentive to group efficiency performance
A differential piece rate system should exist
Minimum wages should be guaranteed

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Industrial Engineering and Production Management
Graphical method, simplex method, and transportation method are concerned with

Break-even analysis
Linear programming
Queueing theory
Value analysis

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Industrial Engineering and Production Management
The product layout

Requires less space for placing machines
Lowers overall manufacturing time
All of these
Utilizes machine and labour better

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Industrial Engineering and Production Management
Percent idle time for men or machines is found by

Work study
Work sampling
Method study
Time study

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Industrial Engineering and Production Management
Product layout is best suited where

All of these
Product is manufactured in large quantities
Product is standardized
One type of product is produced

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