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Force-field analysis - Improving Productivity
Force-field analysis is based on the concept that any given level of productivity is the result of an equilibrium between driving (or impelling) forces and restraining (or impeding) forces that inhibit productivity. The target of the technique is therefore to increase the positive forces, although this sometimes results in increased resistance due to pressures placed on management.
Given the following data for a particular inventory item: Usage 500 units/week Ordering $40 per order Carrying Cost $.01 per unit per week Lead Time 3 weeks Price $.50 per unit a.
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Explain Division of Work (or Labour). It is a famous principle of Economics, invented through Adam Smith who was the traditional economist. Fayol had advocated Division of wo
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