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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The interchangeability can be achieved by

Better process planning
Standardization
Bonus plan
Better product planning

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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
Rowan Plan
Dry work Plan
Taylor Plan

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Industrial Engineering and Production Management
If ‘F’ is the fixed cost, ‘V’ is the variable cost per unit (or total variable costs) and ‘P’ is the selling price of each unit (or total sales value), then break-even point is equal to

(F × P)/V
(F × V)/P
F/[1 - (V/P)]
F/[1 + (V/P)]

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Industrial Engineering and Production Management
Process layout is also known as

Static product layout
Analytical-layout
Synthetic layout
None of these

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Industrial Engineering and Production Management
Product layout is best suited where

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

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Industrial Engineering and Production Management
Which one of the following techniques is used for determining allowances in time study?

Work sampling
Acceptance sampling
Performance rating
Linear regression

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