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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

50
25
75
100

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Industrial Engineering and Production Management
Inventory control in production, planning and control aims at

Achieving optimization
Acceptable customer service at low capital investment in inventory
Ensuring against market fluctuations
Discounts allowed in bulk purchase

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Industrial Engineering and Production Management
The interchangeability can be achieved by

Standardization
Bonus plan
Better process planning
Better product planning

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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)

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

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Industrial Engineering and Production Management
The grouping of activities into organizational units is called

Departmentation
Functional authority
Corporate plans
Higher level management

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

Plant layout
Product layout
Process layout
Fixed position layout

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