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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The mathematical technique for finding the best use of limited resources in an optimum manner is known as

Operation research
Break-even analysis
Linear programming
Network analysis

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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
1000
460
300

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Industrial Engineering and Production Management
An optimum project schedule implies

Optimum utilization of men, machines and materials
Timely execution of project
To produce best results under given constraints
Lowest possible cost and shortest possible time for project

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Industrial Engineering and Production Management
Performance rating is equal to

Observed performance - normal performance
None of these
Observed performance + normal performance
Observed performance × normal performance

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Industrial Engineering and Production Management
In product layout

Specialized and strict supervision is required
All of these
Manufacturing cost rises with a fall in the volume of production
Machines can not be used to their maximum capacity

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Industrial Engineering and Production Management
Process layout is also known as

Synthetic layout
None of these
Analytical-layout
Static product layout

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