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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Standard time is equal to

(Normal time) - (allowances)
Representative time multiplied by rating factor
(Normal time) + (allowances)
Normal time taken by an operation

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Industrial Engineering and Production Management
Standard time is defined as

Normal time + idle time
Only normal time for an operation
Normal time + idle time + allowances
Normal time + allowances

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Industrial Engineering and Production Management
In the cost structure of a product, the selling price is determined by the factors such as

Sales turn over
All of these
Various elements of the cost
Lowest competitive price

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Industrial Engineering and Production Management
A graphical device used to determine the break-even point and profit potential under varying conditions of output and costs, is known as

PERT chart
Gantt chart
Break-even chart
Flow chart

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Industrial Engineering and Production Management
Merit rating is the method of determining the

Worth of a machine
Workers performance on a job
Value of overall production
Relative values of a job

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Industrial Engineering and Production Management
The technique of value analysis can be applied to

Complicated items only
Simple items only
Crash programmer items only
Any item

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