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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Travel charts are used to

Analyze material handling
Determine inventory control difficulties
Plan material handling procedure and routes
All of these

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Industrial Engineering and Production Management
Standard time is defined as

Normal time + idle time
Normal time + idle time + allowances
Only normal time for an operation
Normal time + allowances

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Industrial Engineering and Production Management
Which of the following conditions are necessary for applying linear programming?

The decision variables should be interrelated and nonnegative.
All of these
These must be a well defined objective function.
The resources must be in limited supply.

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Industrial Engineering and Production Management
The mathematical technique for finding the best use of limited resources in an optimum manner is known as

Break-even analysis
Operation research
Linear programming
Network analysis

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Industrial Engineering and Production Management
The bonus increases in proportion to the increase in efficiency. This statement applies to

Gantt plan
Rowan plan
Halsey plan
Emerson's efficiency plan

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

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