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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The probability distribution of activity times in PERT follows following distribution

Binomial
Beta
Exponential
Normal

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Industrial Engineering and Production Management
ABC analysis deals with

Analysis of process chart
Flow of material
Ordering schedule of job
Controlling inventory costs money

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Industrial Engineering and Production Management
Work study is most useful

In judging the rating of machines
Where production activities are involved
In judging the output of a man and improving it
In improving industrial relations

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Industrial Engineering and Production Management
The probabilistic time is given by (where to = Optimistic time, tp = Pessimistic time, and tn = Most likely time)

(to + tp + tn)/3
(to + 4tp + tn)/5
(to + tp + 4tn)/6
(to + 2tp + tn)/4

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Industrial Engineering and Production Management
Break-even point is the point where

Fixed and total cost lines intersect
Variable and total cost lines intersect
Sales revenue and total expensive lines intersect
Fixed and variable cost lines intersect

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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

Gantt chart
Flow chart
PERT chart
Break-even chart

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