Industrial Engineering and Production Management Standard time is equal to Normal time taken by an operation (Normal time) + (allowances) Representative time multiplied by rating factor (Normal time) - (allowances) Normal time taken by an operation (Normal time) + (allowances) Representative time multiplied by rating factor (Normal time) - (allowances) ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management In CPM, the cost slope is determined by (Crash Cost - Normal cost)/ (Normal time - Crash time) Crash cost/Normal Cost Normal Cost/Crash cost (Normal cost - Crash cost)/ (Normal time - Crash time) (Crash Cost - Normal cost)/ (Normal time - Crash time) Crash cost/Normal Cost Normal Cost/Crash cost (Normal cost - Crash cost)/ (Normal time - Crash time) ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management In inventory control, the economic order quantity is the Highest level of inventory Optimum lot size Capability of a plant to produce Lot corresponding to break-even point Highest level of inventory Optimum lot size Capability of a plant to produce Lot corresponding to break-even point ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management The time required to complete a job is established and a bonus is paid to the worker based on the exact % of time saved. This type of incentive plan is known as Halsey Premium Plan Taylor Plan Dry work Plan Rowan Plan Halsey Premium Plan Taylor Plan Dry work Plan Rowan Plan ANSWER DOWNLOAD EXAMIANS APP
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 50 100 25 75 50 ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management The term 'value' in value engineering refers to Total cost of the product Selling price of the product Utility of the product Manufactured cost of the product Total cost of the product Selling price of the product Utility of the product Manufactured cost of the product ANSWER DOWNLOAD EXAMIANS APP
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