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Industrial Engineering and Production Management

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

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

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Industrial Engineering and Production Management
In order to avoid excessive multiplication of facilities, the layout preferred is

Product layout
Static layout
Process layout
Group layout

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Industrial Engineering and Production Management
Gantt chart provides information about the

Production schedule
Proper utilization of manpower
Efficient working of machine
Material handling

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Industrial Engineering and Production Management
Routing is essential in the following type of industry

Job order industry
Mass production industry
Process industry
Assembly industry

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

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Industrial Engineering and Production Management
In the Halsey 50-50 plan, the following are rewarded more

Past average workers
All of the these
Past poor workers
Past good workers

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