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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

Gaussian
Normal
Binomial
Exponential

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Industrial Engineering and Production Management
Break-even analysis consists of

Fixed and variable costs
Variable cost
Fixed cost
Operation costs

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Industrial Engineering and Production Management
In the cost structure of a product, the selling price is determined by the factors such as

Lowest competitive price
Various elements of the cost
All of these
Sales turn over

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Industrial Engineering and Production Management
The time which results in the least possible direct cost of an activity is known as

Normal time
Standard time
Slow time
Crash time

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Industrial Engineering and Production Management
In the perpetual inventory control, the material is checked when it reaches its

Alarming value
Minimum value
Average value
Maximum value

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Industrial Engineering and Production Management
A feasible solution to the linear programming problem should

Satisfy the problem constraints
Satisfy the problem constraints and non-negativity restrictions
Satisfy the non-negativity restrictions
Optimise the objective function

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