Industrial Engineering And Production Management MCQ Questions & Answers | Mechanical Engineering

Break-even analysis shows profit when Sales revenue > total cost

PERT analysis is based upon
Optimistic time
Pessimistic time
Most likely time

Pessimistic time is a concept used in the program evaluation and review technique (PERT). It represents the longest estimated time period within which a task is likely to be completed, and is used in project planning.

The appellate authority for an industrial dispute is High court/supreme court

Motion study is a systematic way of determining the best method of doing the work by scrutinizing the motions made by the worker or the machine

CPM which is a method to control costs and time. PERT deals with unpredictable activities, but CPM deals with predictable activities.
PERT is used where the nature of the job is non-repetitive.
In contrast to, CPM involves the job of repetitive nature.

Value engineering is a systematic approach aimed at enhancing the value of a product or process by improving its essential functions.

It involves examining a product to identify its critical functions and finding ways to achieve these functions at the lowest cost.

This process does not compromise the quality or performance of the product; instead, it ensures that the product delivers its primary functions effectively at a reduced cost.

Hence, the main objective of value engineering is to maintain or improve functionality while minimizing costs, aligning with Option C.

Process layout is a design for the floor plan of a plant which aims to improve efficiency by arranging equipment according to its function.
The production line should ideally be designed to eliminate waste in material flows, inventory handling and management.
It is also known as function layout.
In this layout machining operation are performed in group together and not arranged according to any sequence.

A product layout refers to a production system where the work stations and equipment are located along the line of production, as with assembly lines.
Because the work stations each do small amounts of work, the stations utilize specific techniques and equipment tailored to the individual job they are assigned.
This can lead to a higher rate of production.

Bar chart is suitable for Minor work
A bar chart uses bars to show comparisons between categories of data.