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Functions of work Measurement:
1. To analyze the operations and to evaluate them in terms of time from the point of view of controlling the activity.
2. To control machine and labor utilization after assessing to plant capacity accurately.
3. To standardize the working conditions for an efficient operation.
4. To standardize the standard of performance which ultimately form the basis of the wage payment to the direct labor?
Explain why operational efficiency is so important to Net Income, Return on Capital and Income.
Performance & Productivity Measurement -Theory of Constraint Traditional financial measures of performance have been criticised by Kaplan and Norton (1992) who voiced thei
Daniel Tracy, owner of Martin Manufacturing, must expand by building a new factory. The search for a location for this factory has been narrowed to four sites: A, B, C and D. The f
What does acknowledging sources involve? Sources of information and the ideas of others that you use in your assignments, research and class activities may include books, journa
During busy periods, a new customer walks into LHS every 15 mins. (with a standard deviation of 15 mins). At SHC, a customer walks in every hour (with a standard deviation of 1 hou
Order Winning, Order Qualifying and Order Losing Criteria Hill (1993) introduced the idea that as well as order winning criteria (OWC), there is also order qualifying criteria
A firm owns facilities at six places. It has manufacturing plants at places A B and C with daily production of 50, 40 and 60 units respectively. At points E, E and F it has three w
Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment
1. Planning is the fundamental management function. Discuss how organizing and planning are related. 2. Using two examples, describe the different approaches used by companies/m
1. Both Juran and Deming advocated ongoing product development. In fact, Deming's introductory lecture to Japanese managers in 1950 contrasted the old way of product design-desi
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