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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Valve analysis is particularly of interest when

Production is on large scale
Only few components are involved
Jobbing work economics are involved
Costly equipment is used

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Industrial Engineering and Production Management
A PERT network has three activities on critical path with mean time 3, 8 and 6 and standard deviations 1, 2 and 2 respectively. The probability that the project will be completed in 20 days is

0.5
0.66
0.84
0.95

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Industrial Engineering and Production Management
An optimum project schedule implies

Timely execution of project
To produce best results under given constraints
Optimum utilization of men, machines and materials
Lowest possible cost and shortest possible time for project

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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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Industrial Engineering and Production Management
'O' on a PERT/CPM chart represents

Dangling event
An event to be transferred to other network chart
A significant event representing some milestone
An ordinary event

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Industrial Engineering and Production Management
PERT stands for

Planning Estimation and Resulting Technique
Process Estimation and Review Technique
Program Evaluation and Review Technique
Program Estimation and Reporting Technique

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