The book is primarily intended as a text for all branches of B.Tech, M.Tech and MBA courses.
Beginning with an introduction to industrial engineering, it discusses contributions and thoughts of classical (Taylor, Fayol, and Weber’s), neo-classical (Hawthorne) and modern thinkers. The book explains different functions of management, and differentiate between management and administration.
Various types of business organisations with their structures and personnel management also find place in the book. Topics related to facilities location, material handling, work study, job evaluation and merit rating, wages and incentives that are of prime importance in any business are discussed. The book is aimed at providing a better understanding of industrial operations with practical approach.
Financial aspects related to business operations such as financial management, management accounting, breakeven analysis, depreciation and replacement policies for equipment assume prime importance. Numerical examples have been solved at appropriate places to create interest in readers. Marketing aspects of business as marketing management, new product development and sales forecasting methods are discussed, besides management and control of operations.
For maintaining industrial peace, good relationship between employers and employees is essential. Chapters on industrial relations, industrial safety and industrial legislations are introduced with the objective of providing readers with information on these important aspects.
Good decision-making is what differentiates a good manager from a bad one. Thus, a chapter on decision-making is added to examine its skill. Network constructions, CPM, PERT have been covered under project management. Quantitative techniques for decision-making as linear programming, transportation problems, assignment problems, game theory, queuing theory, etc., are also discussed in this textbook.
KEY FEATURES
• Lucid presentation of the concepts.
• Illustrative figures and tables make the reading more fruitful and enriching.
• Numerical problems with solutions form an integral part of the book, making it application-oriented.
• Chapter-end review questions test the students’ knowledge of the fundamental concepts.
About the Author
V. RAVI, Ph.D. (Indian Institute of Technology Delhi), is Associate Professor, Department of Humanities, Indian Institute of Space Science and Technology, Thiruvananthapuram. He has 15 years of teaching experience to graduate and postgraduate students of management. His areas of interest include reverse logistics, supply chain management, quantitative techniques, general management, etc. He has published a number of research papers in leading international journals and conferences.
Table of Contents:
Preface Part 1: Introduction to Industrial Engineering and Management 1. Introduction to Industrial Engineering 2. Development of Management Thought 3. Functions of Management 4. Organisation Structure 5. Types of Business Organisations 6. Personnel Management Part 2: Financial Aspects Related to Business 7. Financial Management 8. Management Accounting 9. Breakeven Analysis 10. Depreciation 11. Equipment Replacement Policy Part 3: Designing Operations 12. Facilities Location and Plant Layout 13. Material Handling 14. Work Study 15. Job Evaluation and Merit Rating Part 4: Factors Affecting Industrial Relations 16. Wages and Incentives 17. Industrial Relations 18. Industrial Safety 19. Industrial Legislations Part 5: Production Planning and Control of Operations 20. Production Planning and Control 21. Marketing Management and Product Development 22. Sales Forecasting 23. Materials Management, Purchasing and Storekeeping 24. Inventory Control 25. Quality Management 26. Reliability and Maintenance Management 27. Productivity and Value Analysis 28. Ergonomics Part 6: Managerial Decision Making Through Quantitative Techniques 29. Decision-Making 30. Project Management 31. Operations Research Bibliography Appendix Index
