The linear programming for production management is one of the classical operations research technique. It is defined as the mathematical technique for finding the best use of limited resources of a company in the maximum manner. In can be applied successfully to chemical industry, oil industry, iron and steel industry and banks. The simplex procedure…
The general procedure followed in systematic carrying out the time study in production planning is as follows: 1. Select the work to be studied. 2. Record all the information about the work, operator and surrounding conditions. 3. Break down the each operation into small elements. 4. Examine each element to ensure that the most effective method and motions are…
The break-even analysis in production management and industrial engineering consists of total cost (i.e. fixed cost and variable cost) and sales revenue. A break-even analysis is a financial tool which helps you to determine at what stage your company, or a new service or a product, will be profitable. In other words, it’s a financial…
The program evaluation review technique (PERT) is a project planning and control technique. It is an event oriented technique. It provides an approach for keeping planning up-to-date. It provides a way for management to require that planning be done on a uniform and logical basis. It permits management to foresee quickly the impact of variations…
Pre-determined Motion Time System (PMTS) – It is the work measurement technique to build up time for manual work making use of pre-determined elemental motion times. The following are the few methods of PMTS. (a) Method Time Measurement (MTM) (b) Work Factor System (WFS) (c) Basic Motion Time Study (BMTS) (d) Motion Time Analysis (MTA)
The micromotion study was originated by Frank B. Gilbreth. The study is based on the idea of dividing human activity into division of movements, known as Therbligs. It is the name given to the micromotion of an operation. The study consists of analyzing a motion picture taken during the performance of work. The time taken for each fundamental motion is accurately indicated…