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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The probability distribution of project completion in PERT follows following distribution

Exponential
Gaussian
Normal
Binomial

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Industrial Engineering and Production Management
The interchangeability can be achieved by

Better product planning
Standardization
Better process planning
Bonus plan

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Industrial Engineering and Production Management
If TL is the largest allowable event occurrence time, total activity slack (s) is equal to

All of these
Latest finish time earliest finish time (EFT)
Latest start time earliest start time
TLEFT

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Industrial Engineering and Production Management
Earliest finish time can be regarded as

Latest finish time + duration of activity
Latest finish time duration of activity
Earliest start time + duration of activity
Earliest start time duration of activity

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Industrial Engineering and Production Management
Standard time as compared to normal time is

There is no such correlation
Equal
Smaller
Greater

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Industrial Engineering and Production Management
The production cost per unit can be reduced by

Minimizing resource waste
Producing more with the same inputs
Producing more with increased inputs
Eliminating idle time

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