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Work Measurement:
Work measurement goes hand in with method design. Whereas the method design are directed towards the study of the components of a single or multiple operation of a system. It is a technique by which the actual time consumed in performing an operation is computed and ultimately serves as suitable time standard. It is the study of work content of a job so s to lay down a fair days work. It seeks provide a quantitative assessment of the human work in a specified job and to establish the proper time for the effective performance of that job.
Work measurement has been defined as the application of techniques designed to determine the time required by or defined level of performance to do a specified job. The time is called standard or allowed time.
According to British Standard Institution " The application of techniques to establish the time for a qualified worker to carry out a specified job at a defined level of performance"
Qualified worker is a representative average of those workers. Who are fully trained and able satisfactorily to perform any and all phases of work involved, in accordance with the requirement of the job under consideration?
Normal pace is the effective rate of performance of conscientious self paced qualified worker when working neither fast slow and giving due considerations to physical mental or visual requirement of the specific job. Specific job is in the best possible method of a job under consideration.
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K Ltd a multi product company, furnishes you the following data relating to the year 2000. First half sales Second half sales Sales Rs.45000 Rs.50000 Total cost Rs.40000 Rs.43000
All else constant, as the price of petroleum increases relative to the prices of other inputs to the production process, in their effort to minimize their total costs of production
Productivity -Numerically Defined Total factor productivity (TFP) = Pt = Ot/(L+C+R+Q) Partial factor productivity (PFP) = Ot/L or C or Ot/a combination of inputs Pt
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