The easiest way to solve assignment problem by Hungarian Method is described here step by step with example:- Step 1: Problem is “n*n” cost matrix to find an optimal assignment. If the matrix is not a square one, make it a square one by adding a dummy row or column and give values 0 to that…
Various wage incentive plans and strategies are used by project managers for production plants. Details of some wage incentive plans are given below: 1. Straight piece work system. In this system, the worker is paid at a specified piece rate, for the number of pieces or units produced by him. The standard output is set and…
The work measurement is the application of techniques to establish the time for a qualified worker to carry out a specified work at a defined level of performance. The objectives of work measurement are as follows: (a) To plan and schedule of production, (b) To formulate a proper incentive scheme, and (c) To estimate the selling prices and…
The critical path method (CPM) was first used by Morgan R. Walker in 1957. It helps in ascertaining time schedules, makes better and detailed planning possible, encourages discipline and provides a standard method for communicating project plans schedules and to time and cost performance. Critical path method (CPM) is a resource-utilization algorithm for scheduling a set of project activities. The…
Introduction The production management deals with the design of the production system (which includes product, process, plant, equipment etc.) and development of the control system to manage inventories, product quality, production schedules and productivity. Industrial Engineering – Introduction The industrial engineering is an engineering approach to the detailed analysis of the use and cost of…
Inventory Control in Production Planning – The most important functions of inventory (stock) control are as follows : 1. to have good stock control system, 2. to have technical responsibility for the state of materials, 3. to run the stores effectively. In inventory control, the economic ordering quantity (EOQ) is obtained by the quantity whose procurement cost is equal to inventory carrying…
Though PERT and CPM both are used for project management, there are differences between CPM and PERT. The relative table for PERT vs. CPM is shown below. PERT CPM PERT uses event oriented Network. CPM uses activity oriented network. Estimate of time for activities are not so accurate and definite. Durations of activity may be…
Event, Activity and Critical Path are the terms commonly used in network planning methods for production planning of a production unit/ plant. 1. Event. The event is a specific instant of time which makes the start and the end of an activity. The event consumes neither time nor resources. It is represented by a circle and…
Routing, Scheduling and Dispatching are vital components of production management inindustrial engineering. The routing is a vital portion of production control and production management. It lays down the flow of work in the plant. It determines how and where the work is to be done, what machines are to be used and it prescribes the path and sequence of…
The plant layout in production planning/ management is the physical arrangement of buildings, machinery, equipment, work places and other facilities of production in order to process the product in the most efficient manner. According to Muther, the basic principles of best layout are integration, minimum movements and material handling, smooth and continuous flow, safe and improved…