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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The simplex method is the basic method for

Value analysis
Linear programming
Operation research
Model analysis

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Industrial Engineering and Production Management
If A is the total items consumed per year, P is the procurement cost per order, and C is the annual inventory carrying cost per item, then the most economic ordering quantity is given by

AP/C
√(2AP/C)
2AP/C
(AP/C)²

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Industrial Engineering and Production Management
Gantt chart is used for

Material handling
Machine repair schedules
Inventory control
Production schedule

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Industrial Engineering and Production Management
The most important objective behind plant layout is

Overall simplification, safety of integration
To provide conveniently located shops
Maximum travel time in plant
Economy in space

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Industrial Engineering and Production Management
Standing orders which are statutory are applicable to

Only major industries
All industries
All industries employing more than 100 workers
All process industries and thermal power plants

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Industrial Engineering and Production Management
Valve analysis is particularly of interest when

Production is on large scale
Only few components are involved
Costly equipment is used
Jobbing work economics are involved

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