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  • Question
  • If A is the total items consumed per year, P is the procurement cost per order, and C is the annual inventory carrying cost per item, then the most economic ordering quantity is given by


  • Options
  • A. If A is the total items consumed per year, P is the procurement cost per order, and C is the annual
  • B. If A is the total items consumed per year, P is the procurement cost per order, and C is the annual
  • C. If A is the total items consumed per year, P is the procurement cost per order, and C is the annual
  • D. If A is the total items consumed per year, P is the procurement cost per order, and C is the annual

  • Correct Answer
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  • Industrial Engineering and Production Management problems


    Search Results


    • 1. Travel charts are used to

    • Options
    • A. analyse material handling
    • B. determine inventory control difficulties
    • C. plan material handling procedure and routes
    • D. all of the above
    • Discuss
    • 2. Halsey plan of wage incentive

    • Options
    • A. is not applied to all level of workers
    • B. is applied to all level of workers
    • C. does not guarantee minimum wage
    • D. is based upon efficiency of worker
    • Discuss
    • 3. Process layout is employed

    • Options
    • A. where low volume of production is required
    • B. where similar jobs are manufactured on similar machines
    • C. where machines are arranged on functional basis
    • D. all of the above
    • Discuss
    • 4. An activity of the project is graphically represented by __________ on the network diagram.

    • Options
    • A. a circle
    • B. a straight line
    • C. an arrow
    • Discuss
    • 5. Normal time is the ratio of representative time to the rating factor.

    • Options
    • A. True
    • B. False
    • Discuss
    • 6. Linear programming can be applied successfully to

    • Options
    • A. chemical industry
    • B. oil industry
    • C. banks
    • D. all of these
    • Discuss
    • 7. The value engineering technique in which experts of the same rank assemble for product development is called

    • Options
    • A. Delphi
    • B. brain storming
    • C. morphological analysis
    • D. direct expert comparison
    • Discuss
    • 8. PERT

    • Options
    • A. provides an approach for keeping planning up-to-date
    • B. provides a way for management to require that planning be done on a uniform and logical basis
    • C. permits management to foresee quickly the impact of variations from the plan
    • D. all of the above
    • Discuss
    • 9. Which one of the following techniques is used for determining allowances in time study?

    • Options
    • A. Acceptance sampling
    • B. Linear regression
    • C. Performance rating
    • D. Work sampling
    • Discuss
    • 10. CPM requires

    • Options
    • A. single time estimate
    • B. double time estimate
    • C. triple time estimate
    • D. none of these
    • Discuss


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