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Explain the objectives of work study for any management.
The objectives of work study for any management are:-
a) Enhanced working processes and standard procedures.
b) Layout is better
c) Productivity is better
d) Effectual utilisation of men, machinery and materials
e) Decreased hazards
f) Helps to decide the time to do a job, manpower needed for the job and materials needed
g) Helps costing and budgeting
h) Gives a fair and sound basis for incentives
i) Helps production maintenance and planning.
Since a management tool, work study gets application in all types of industries and organisations providing goods and services and is used in all kinds of activities in these institutions.
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Tommy Tinker Toys Inc. is considering a capital budgeting project that is unrelated to their current investments. The proposed project will be 40% debt financed at rd = 11.25%. The
Calculate the start and finish times for each activity and determine the minimum number of weeks for completing the project. Find the critical set of activities for the project.
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process layout
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