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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Two alternatives can produce a product. First have a fixed cost of Rs. 2000 and a variable cost of Rs. 20 per piece. The second method has a fixed cost of Rs. 1500 and a variable cost of Rs. 30. The break even quantity between the two alternatives is

75
25
100
50

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Industrial Engineering and Production Management
The most suitable incentive plan for the maintenance section of an industry will be

Group incentive plan
Profit sharing plans
Simplification
Piece rate system

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Industrial Engineering and Production Management
Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved?

Emerson's efficiency plan
Rowan plan
Gantt plan
Halsey plan

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Industrial Engineering and Production Management
Gantt charts provide information about

Break-even point analysis
Production schedule
Determining selling price
Material handling layout

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Industrial Engineering and Production Management
Which of the following plans motivates supervisors by paying a premium on time saved by workers?

Emerson's plan
Halsey plan
Haynes plan
Rowan plan

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Industrial Engineering and Production Management
According to MAPI formula, the old machine should be replaced by new one when
(Here, CAM = Challenger's Adverse minimum, DAM = Defender's Adverse minimum)

There is no such criterion
CAM < DAM
CAM = DAM
CAM > DAM

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