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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Replacement studies are made on the following basis

Annual cost method
Total life average method
Any one of the above
Rate of return method

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Industrial Engineering and Production Management
Basic tool in work study is

Stop watch
Planning chart
Process chart

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Industrial Engineering and Production Management
Monte Carlo solutions in queuing theory are extremely useful in queuing problems

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

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Industrial Engineering and Production Management
The most important objective behind plant layout is

To provide conveniently located shops
Maximum travel time in plant
Economy in space
Overall simplification, safety of integration

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Industrial Engineering and Production Management
Queueing theory deals with problems of

Reducing the waiting time or idle time
Better utilization of man services
Effective use of machines
Material handling

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Industrial Engineering and Production Management
For a small scale industry, the fixed cost per month is Rs. 5000. The variable cost per product is Rs. 20 and sales price is Rs. 30 per piece. The break even production per month will be

500
460
300
1000

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