FREE Bachelor of Science in Industrial Engineering Production Management Questions and Answers
Total cost in break-even analysis includes
The break-even point (BEP) or break-even level denotes the volume of sales necessary to cover all costs, which include both fixed and variable costs to the business, in either unit (quantity) or revenue (sales) terms. At the break-even threshold, there is no overall profit.
Actual job completion is referred to as
Activity is defined as the effort put in to translate input into useful outputs.
The expediting process entails monitoring
The expediting process involves monitoring the flow of materials and identifying the source of any problems.
Total cost in break-even analysis includes
The break-even point (BEP), also known as the break-even level, is the amount of sales needed to cover all costs, including both fixed and variable costs to the business. Total profit is zero at the break-even point.
When it comes to civil engineering constructions, the most common style of organization is
The simplest and oldest kind of administrative structure is line organization. According to this kind of structure, power is distributed throughout an organization. From top to bottom, the chain of command is followed.
The fundamental approach for is the simplex method.
The fundamental technique in linear programming is the simplex method. The Simplex technique is a search process that iteratively examines each basic feasible solution in the set until the best basic feasible solution is found.
Bar charts can be used for
Bar charts are appropriate for smaller tasks.
In the event of easier production scheduling, high output levels and great labor efficiency are attained.
In the case of product layout, the production scheduling is easier, and a high output volume and high labor efficiency are accomplished.
Value engineering's purpose is to
Value engineering seeks to reduce costs without compromising product quality.
The requirement for an activity's decompression is that
An activity must be able to decompress to the fullest extent possible during its typical time in order to qualify for decompression.
The old machine should be replaced with a new one in accordance with the MAPI formula when (CAM = Challenger's Adverse Minimum, DAM = Defender's Adverse Minimum)
The old machine should be replaced with a new one in accordance with the MAPI formula when (where CAM stands for Challenger's Adverse Minimum and DAM for Defender's Adverse Minimum) CAM DAM.
One of the fundamental requirements of an incentive program is that
The fact that all standards should be based on time studies is one of the fundamental requirements of an incentive strategy.
Travel guides offer
Travel charts offer a concise assessment of the handling required when moving between different job sections.
The work study is carried out using
The primary goal of work study is to increase the output of laborers, machinery, and resources. The work study is also used to establish the average amount of time a skilled worker should need to complete the task when working in a typical setting.
The material is examined in the everlasting inventory control when it reaches its
When the material hits its Minimum value in the perpetual inventory control system, it is checked.
Fundamental motion time study provides times in ten thousandths of a second for basic motions.
Fundamental motion time studies provide times in ten thousandths of minutes for fundamental motions.