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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The employees provident fund act is applicable to

All industries other than small and medium industries
All industries
Volunteers
The industries notified by Government

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Industrial Engineering and Production Management
'Value' for value engineering and analysis purposes is defined as

Purchase value
Saleable value
Depreciated value
Function/cost

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

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

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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

1000
500
300
460

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Industrial Engineering and Production Management
A critical activity has

Average slack
Maximum slack
Zero slack
Minimum slack

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Industrial Engineering and Production Management
Gantt chart is used for

Inventory control
Machine repair schedules
Material handling
Production schedule

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