What are the advantages of predetermined time standards, Operation Management

What are the advantages of predetermined time standards (PTS)? 

Answer: Quicker and cheaper than time study; likely to be more reliable; valuable for estimating new jobs; can be introduced at the start of a new job; particularly suitable for short runs; rating is incorporated. 

 

Posted Date: 3/19/2013 1:24:45 AM | Location : United States







Related Discussions:- What are the advantages of predetermined time standards, Assignment Help, Ask Question on What are the advantages of predetermined time standards, Get Answer, Expert's Help, What are the advantages of predetermined time standards Discussions

Write discussion on What are the advantages of predetermined time standards
Your posts are moderated
Related Questions
The traffic manager of a monarch Elactric Company has just received a rate of reduction offer from trucking company. The proposal ia a rate of $3 per hundredvweight (cwt). if a min

Explain how the EOQ technique helps explain the following: All things being equal, the production inventory quantity will be larger than the economic order quantity.

You have been asked to estimate the costs for a project to build an industrial power plant. Based on historical data, the steam turbine accounts for 30 percent of the total costs f

Technology has changed the role and some functions of HR. Have these changes resulted in HR losing sight of its role towards employee relations and support? While companies are see

Demand for Caruso's Frozen Pizza (CFP) is normally distributed. The demand for CFP averages 400 per day with a standard deviation of 200. Weekly demand (5 days) averages 2,000 unit

Three major solutions have been proposed to combat the medical industry conflicts of interest detailed above in this paper. The first solution is embodied in the Physician Payments

Explain Critical Path. This is that sequence of activities that decide the complete project duration. Critical Path is formed by critical activities. This path consumes maximum


Complete a net material requirements schedule for: a) All items (10 schedules in all), assuming the requirement for each BOM item is 1. b) All 10 items, assum

Use the internet to research how an interviewee or a current employee might negotiate better pay and/or benefits. Consider using a search term like "negotiating pay and benefits" o