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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The routing function in a production system design is concerned with

Optimizing material flow through the plant
Machine utilization
Manpower utilization
Quality assurance of the product

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Industrial Engineering and Production Management
One time measurement unit (TMU) in method time measurement system equals

0.006 minute
0.0001 minute
0.001 minute
0.0006 minute

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

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Industrial Engineering and Production Management
The break-even point represents

Time when industry will undergo loss
The most economical level of operation of any industry
The time when unit can run without any loss and profit
The time when company can make maximum profits

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Industrial Engineering and Production Management
Which of the following is independent of sales forecast?

Production planning
Productivity
Inventory control
Production control

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Industrial Engineering and Production Management
According to Rowan plan of wage incentive system, bonus is paid to a worker

Whose output exceeds 67% efficiency
On the percentage of time worked
On the percentage of standard time
On the percentage of time saved

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