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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Works cost implies

Primary cost + factory expenses
Factory cost
Primary cost
Factory expenses

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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 + 4tp + tn)/5
(to + tp + tn)/3
(to + 2tp + tn)/4

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Industrial Engineering and Production Management
In a PERT chart

Only selected activities are numbered
All activities should be numbered
Only important activities should be numbered
Only critical activities are numbered

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Industrial Engineering and Production Management
In inventory control, the economic order quantity is the

Capability of a plant to produce
Lot corresponding to break-even point
Optimum lot size
Highest level of inventory

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Industrial Engineering and Production Management
Product layout is best suited where

Product is standardized
Product is manufactured in large quantities
All of these
One type of product is produced

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Industrial Engineering and Production Management
A milestone chart

Depicts the delay of jobs, if any
Points outgoing ahead of schedule of jobs, if any
None of the these
Shows the inter dependences of various jobs

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