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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The term 'value' in value engineering refers to

Utility of the product
Selling price of the product
Total cost of the product
Manufactured cost of the product

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Industrial Engineering and Production Management
Statistical quality control techniques are based on the theory of

Probability
Quality
All of the these
Statistics

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Industrial Engineering and Production Management
A low unit cost can be obtained by following

Specialization of operation
Automatic material handling equipment
Functional layout
Product layout

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Industrial Engineering and Production Management
Queuing theory is associated with

Sales
Production time
Inspection time
Waiting time

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Industrial Engineering and Production Management
The break-even point represents

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

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Industrial Engineering and Production Management
In which of the following layouts, the lines need to the balanced

Process layout
Plant layout
Fixed position layout
Product layout

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