Industrial Engineering and Production Management Which of the following conditions are necessary for applying linear programming? These must be a well defined objective function. All of these The resources must be in limited supply. The decision variables should be interrelated and nonnegative. These must be a well defined objective function. All of these The resources must be in limited supply. The decision variables should be interrelated and nonnegative. ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Inventory control in production, planning and control aims at Acceptable customer service at low capital investment in inventory Achieving optimization Discounts allowed in bulk purchase Ensuring against market fluctuations Acceptable customer service at low capital investment in inventory Achieving optimization Discounts allowed in bulk purchase Ensuring against market fluctuations ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management M.T.M. is used to Develop effective methods in advance of the beginning of production Establish time standards Improve existing methods All of these Develop effective methods in advance of the beginning of production Establish time standards Improve existing methods All of these ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management The assumption in PERT is Cost of project will always be more than the estimated cost, if no timely corrections are taken Activities are fixed and can't be changed A project can be subdivided into a set of predictable, independent activities A project will always be behind schedule, if left uncorrected Cost of project will always be more than the estimated cost, if no timely corrections are taken Activities are fixed and can't be changed A project can be subdivided into a set of predictable, independent activities A project will always be behind schedule, if left uncorrected ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Gantt charts provide information about Production schedule Material handling layout Determining selling price Break-even point analysis Production schedule Material handling layout Determining selling price Break-even point analysis ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management The probabilistic time is given by (where to = Optimistic time, tp = Pessimistic time, and tn = Most likely time) (to + tp + 4tn)/6 (to + 2tp + tn)/4 (to + tp + tn)/3 (to + 4tp + tn)/5 (to + tp + 4tn)/6 (to + 2tp + tn)/4 (to + tp + tn)/3 (to + 4tp + tn)/5 ANSWER DOWNLOAD EXAMIANS APP
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