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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
100
50
25

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Industrial Engineering and Production Management
In Lincoln plan (one type of group incentive plan), the amount of the profit which an employee receives in addition to the guaranteed basic pay/wages, is based on:

His individual performance
A job evaluation system
A standard rating system
A merit rating system

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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

Operation research
Break-even analysis
Network analysis
Linear programming

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Industrial Engineering and Production Management
Standard time is defined as

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

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Industrial Engineering and Production Management
PERT is the

Event oriented technique
Time oriented technique
Activity oriented technique
Target oriented technique

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Industrial Engineering and Production Management
Travel charts are used to

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

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