SYLLABUS OSMANIA UNIVERSITY (HYDERABAD) INDUSTRIAL ORGANIZATION

Transcription

1 i UNIT - 1 SYLLABUS OSMANIA UNIVERSITY (HYDERABAD) INDUSTRIAL ORGANIZATION Types of Various Business Organizations, Organization Structures and their Relative Merits and Demerits, Functions of Management. Plant Location and Layouts : Factors Affecting the Location of Plant and Layout, Types of Layouts and their Merits and Demerits. UNIT - 2 WORK STUDY Definitions, Objectives of Method Study and Time Study, Steps in Conducting Method Study, Symbols and Charts used in Method Study, Principles of Motion Economy, Calculation of Standard Time by Time Study and Work Sampling, Performance Rating Factor, Types of Ratings, Jobs Evaluation and Performance Appraisal, Wages, Incentives, Bonus, Wage Payment Plans. UNIT - 3 INSPECTION AND QUALITY CONTROL Types and Objectives of Inspection S.Q.C its Principles, Quality Control by Chart and Sampling Plans, Quality Circles, Introduction to ISO. UNIT - 4 OPTIMIZATION Introduction to linear programming and its graphical solutions, Assignment Problems. Project Management : Introduction to CPM and PERT, Determination of Critical Path.

2 ii Material Management : Classification and Materials, Materials Planning, Duties of Purchase Manager, Determination of Economic Ordering Quantities, Types of Materials Purchase. UNIT - 5 COST ACCOUNTING Elements of Cost, Various Costs, Types of Overheads, Breakeven Analysis and its Applications, Depreciation, Methods of Calculating Depreciation Fund, Nature of Financial Management, Time value of Money, Techniques of Capital Budgeting and Methods, Cost of Capital, Financial Leverage.

3 iii CONTENTS UNIT - 1 [INDUSTRIAL ORGANIZATION] INDUSTRIAL ORGANIZATION (IO) Meaning and Definition of IO Characteristics / Features of IO Types of IO BUSINESS ORGANIZATION / UNIT / UNDERTAKING Meaning and Definition of Business Organization Characteristics / Features of Business Organization Types / Forms of Various Business Organization Sole Proprietorship / Trader Meaning and Definition of Sole Proprietorship Features / Characteristics of Sole Proprietorship Merits / Advantages of Sole Proprietorship Demerits / Disadvantages of Sole Proprietorship Joint Hindu Family Business Meaning and Definition of Joint Hindu Family Business Merits / Advantages of Joint Hindue Family Business Demerits / Disadvantages of Joint Hindu Family Business Partnership Meaning and Definition of Partnership Features / Characteristics of Partnership Kinds / Types of Partners Registration of the Firm

4 iv Partnership Deed Rights, Obligations and Liabilities of Partners Merits / Advantages of Partnership Demerits/ Disadvantages of Partnership Difference between Sole Proprietorship and Partnership Joint Stock Company Meaning and Definition of Joint Stock Features / Characteristics of Joint Stock Company Kinds / Types of Companies Distinguish between Public and Private Limited Company Merits / Advantages of Joint Stock Company Demerits / Disadvantages of Joint Stock Company Difference between Partnership and Joint Stock Company Cooperative Societies Meaning and Definition of Cooperative Society Features / Characteristics of Cooperative Society Merits / Advantages of Cooperative Society Demerits / Disadvantages of Cooperative Society Public / State Enterprises Meaning and Definition of Public Enterprise Features / Characteristics of Public Enterprises Needs / Objectives of Public Enterprises Achievements of Public Enterprises

5 v Forms / Types of Public Enterprises Departmental Undertaking Meaning of Departmental Undertaking Features of a Departmental Undertaking Merits / Advantages of a Departmental Undertaking Demerits / Disadvantages of a Departmental Undertaking Public Corporation / Enterprises Meaning and Definition of Public Corporation Features / Characteristics of a Public Corporation Merits / Advantages of a Public Corporation Demerits / Disadvantages of Public Corporation Government Company Definition of Government Company Features of a Government Company Merits / Advantages of Government Company Demerits / Disadvantages of a Government Company Difference between Department Undertaking, Public Corporation and Government Company Merits / Advantages of Public Enterprises Demerits / Disadvantages of Public Enterprises ORGANIZATION TION Meaning and Definition of Organization Nature / Characteristics / Features of Organization Process / Steps Involved in Organizing

6 vi Types / Forms of Organization Formal Organization Informal Organization Distinguish between Formal and Informal Organization Advantages / Significance of Organization Organization Structure / Chart Meaning of Organizational Structure Needs of Organizational Structure Importance of Organizational Structure Role of Organization Structure TYPES OF ORGANIZATION STRUCTURE AND THEIR RELATIVE MERITS AND DEMERITS Flat / Line Organization Merits / Advantages of Line Organization Demerits / Disadvantages of Line Organization Line and Staff Organization Meaning and Definition of Staff Organization Functions of Staff Organization Line and Staff Concept Merits / Advantages of Line and Staff Organization Demerits / Disadvantages of Line and Staff Organization Functional Organization Merits / Advantages of Functional Organization Demerits / Disadvantages of Functional Organization Difference between Line and Functional Organization

7 vii Committee Organization Types of Committee Merits / Advantages of Committee Organization Demerits / Disadvantages of Committee Organization Matrix Organization Merits / Advantages of Matrix Organization Demerits / Disadvantages of Matrix Organization MANAGEMENT Meaning and Definition of Management Nature / Feature / Characteristics of Management Management : Science or Art Importance / Significance / Advantages of Management Functions of Management Challenges / Limitations / Disadvantages of Management Henry Fayols Principles of Management PLANT LOCATION / FACILITY LOCATION Meaning and Definition of Plant Location Needs / Reasons for Plant Location Steps in Facilitating Location Selection / Location Decision Process Factors Affecting Plant Location PLANT LAYOUT Meaning and Definition of Plant Layout Objectives of Good Layout Principles of Plant Layout Steps / Procedure for Plant Layout Symptoms of Poor / Bad Layout Importance / Merits / Advantages of Plant Layout Factors Affecting Plant Layout

8 viii Types / Methods / Techniques of Plant Layout ayout Product / Line Based Layout Merits / Advantages of Product Layout Demerits / Disadvantages of Product Layout Process / Functional Based Layout Merits / Advantages of Process Layout Demerits / Disadvantages of Process Layout Difference between Product and Process Layout Fixed / Static Layout Merits / Advantages of Fixed Layout Demerits / Disadvantages of Fixed Layout Combined / Hybrid Layout Merits / Advantages of Combined Layout Demerits / Disadvantages of Combined Layout Short Questions and Answers UNIT - 2 [WORK STUDY] WORK / TIME STUDY Meaning and Definition of Work ork Study Nature / Characteristics of Work ork Study Objectives / Aims of Work ork Study Basic Procedure of Work ork Study Benefits / Advantages of Work ork Study Factors Contributing Work Study Techniques / Methods of Work Study METHOD STUDY / WORK SIMPLIFICATION TION Meaning and Definition of Method Study Objectives / Aim of Method Study Applications of Method Study

9 ix Steps in Conducting Method Study Symbols and Charts Used in Method Study TIME STUDY / STOP WATCH / WORK MEASUREMENT Meaning and Definition of Time Study Objectives / Aims of Time Study Steps / Procedure Conducted in Time Study Advantages / Importance of Time Study Disadvantages / Limitations of Time Study Difference between Work Simplification and Work Measurement PRINCIPLE OF MOTION ECONOMY WORK / ACTIVITY SAMPLING Meaning and Definition of Work ork Sampling Calculation of Standard Time by Time Study and Work ork Sampling Advantages / Uses of Work ork Sampling Disadvantages / Limitations of Work ork Sampling Performance Rating Types of Ratings Performance Rating Factors actors Illustrated Problems JOB EVAL ALUATION Meaning and Definition of Job Evaluation Objectives / Aim of Job Evaluation Methods / Techniques of Job Evaluation Steps / Process of Job Evaluation Advantages / Benefits of Job Evaluation Disadvantages / Limitations of Job Evaluation Difference between Job Evaluation and Merit Rating

10 x 2.7 PERFORMANCE APPRAISAL Meaning and Definition of Performance Appraisal Nature / Characteristics of Performance Appraisal Objectives / Purpose of Performance Appraisal Process / Steps in Performance Appraisal Methods / Techniques of Performance Appraisal Advantages / Benefits of Performance Appraisal Disadvantages / Problems of Performance Appraisal WAGES Meaning and Definition of Wages Characteristics / Features of Wages Objectives / Aims of Wage Types of Wages / Wage Structure Methods / Determination of Payments of Wages ages INCENTIVES Meaning and Definition of Incentives Methods / Types of Incentive Payment ayment BONUS Meaning of Bonus Types of Bonus WAGE GE PAYMENT PLANS Short Questions and Answers UNIT - 3 [INSPECTION AND QUALITY CONTROL] INSPECTION Meaning and Definition of Inspection Objectives of Inspection Functions of Inspection

11 xi Steps in Inspections Inspection Methods / Types / Tools ools QUALITY CONTROL Meaning and Definition of Quality Control Objectives of Quality Control STATISTICAL TISTICAL QUALITY CONTROL (SQC) Introduction to SQC Meaning and Definition of SQC Types of SQC Advantages of SQC Disadvantages of SQC Principles for an Effective SQC CONTROL CHART Statistical Basis of Control Charts Quality Control Chart and Sampling Plan / Types of Control Chart Control Chart for Variables X - Chart R Chart σ Chart Illustrated Problems on Control Charts of Variable ariable Control Chart for Attributes p Chart (Control Chart for Fraction Defective) np Chart (Control Chart for Number of Defective) c-chart (Control Chart for Number of Defective Per Unit) Illustrated Problems on Control Chart of Attributes

12 xii Acceptance Sampling (Sampling Plan) Meaning of Acceptance Sampling Situations used by Acceptance Sampling Objectives / Purpose of Acceptance Sampling Operating Characteristics (OC) Curve Parameters of an OC Curve Types of Acceptance Sampling Plan Advantages of Acceptance Sampling Disadvantages of Acceptance Sampling QUALITY CIRCLE Meaning and Definition of Quality Circle Characteristics / Features of Quality Circle Objectives / Aims of Quality Circle Steps / Process in Quality Circle Advantages / Benefits of Quality Circle Disadvantages / Limitations of Quality Circle INTERNATIONAL TIONAL ORGANIZATION FOR STAND ANDARDIZA ARDIZATION (ISO) Introduction to ISO ISO 9000 Series Standards Different Areas of ISO Series Procedure for ISO Registration Advantages of ISO Standard Disadvantages of ISO Standard Short Questions and Answers

13 xiii UNIT - 4 [OPTIMIZATION] LINEAR PROGRAMMING Introduction to Linear Programming Different Terms Involved in Linear Programming Assumptions of Linear Programming Application Areas of Linear Programming Advantages of Linear Programming Disadvantages of Linear Programming Mathematical Model of LPP Algorithm for Formulation of LPP Illustrated Problems on LPP GRAPHICAL SOLUTIONS / METHODS Basic Terms Used in Graphical Method Algorithm for Graphical Method of LPP Illustrated Problems on Graphical Solutions THE ASSIGNMENT PROBLEM MODEL Meaning of Assignment Problem Formulation of an Assignment Problem Assignment Model (Comparison with Transportation Model) Hungarian Method Illustrated Problems on Hungarian Method Special Cases in Assignment Problem Illustrated Problems on Assignment Problem PROJECT MANAGEMENT Network Analysis Basic Terms in Network Analysis

14 xiv Developing / Drawing a Network Errors in Network Diagram Network Logic CRITICAL PATH METHOD (CPM) Introduction to CPM Objectives of CPM Situation where CPM can be Effective Notations for Calculating Various Times or Events and Activities Float and its Types ypes Determination of Critical Path ath Illustrated Problems on CPM PROGRAMME EVAL ALUATION AND REVIEW TECHNIQUE (PERT) T) Introduction to PERT Time Estimation of PERT Algorithm / Procedure / Steps in PERT Probability of Completing the Project within given Time Difference between PERT and CPM Illustrated Problems on PERT MATERIAL MANAGEMENT Meaning and Definition of Materials Classifications / Types of Materials Meaning and Definition of Materials Management Needs / Objectives of Materials Management Functions of Materials Management Importance / Advantages of Materials Management MATERIALS PLANNING Meaning of Materials Planning Objectives of Materials Planning

15 xv Process / Flowchart of Materials Planning Methods / Techniques of Materials Planning Post Consumption Analysis Illustrated Problem on Post Consumption Analysis Materials Requirements Planing Illustrated Problems on MRP PURCHASING Meaning and Definition of Purchasing Objectives of Purchasing Types of Materials Purchasing urchasing Centralized Purchasing Decentralized / Localized Purchasing Difference between Centralized and Decentralized Purchasing Duties / Functions of Purchase Manager ECONOMIC UNDER QUANTITY (EOQ) Assumptions of EOQ Determination of Economic Order Quantities (EOQ) Extensions to EOQ Model Illustrated Problems on EOQ Short Questions and Answers UNIT - 5 [COST ACCOUNTING] COST ACCOUNTING Meaning and Definition of Cost Accounting Objectives / Necessities of Cost Accounting Advantages / Importance of Cost Accounting Disadvantages of Cost Accounting

16 xvi 5.2 COST Meaning and Definition of Cost Element of Cost Various Cost / Types / Classification of Cost OVERHEAD Meaning and Definition of Overhead Types / Classification of Overhead Function Classification Behavioural Classification Elementwise Classification Allocation of Overhead Illustrated Problem on Allocation of Overhead Apportionment of Overhead (Primary Distribution) Illustrated Problems on Apportionment Reapportionment of Service Department (Secondary Distribution) Illustrated Problem on Reapportionment Overhead Absorption Illustrated Problems on Overhead Absorption BREAKEVEN ANALYSIS (BEA) Meaning and Definition of BEA Key ey Terms in BEA Assumptions of BEA Break-Even Point (BEP) Meaning and Definition of BEP Assumptions of BEP Determination / Computation of BEP Margin of Safety Meaning of Margin of Safety Determination of Margin of Safety

17 xvii Angle of Incidence Advantages / Uses of BEA Applications / Significance on Break-even even Analysis Disadvantages / Limitations of BEA Solved Problems on BEA DEPRECIATION TION Meaning and Definition of Depreciation Causes of Depreciation Methods of Calculating Depreciation Fund Fixed Installment / Equal / Straight Line Methods Illustrated Problems on Fixed Installment Method Diminishing / Reducing / Written Down Value Method Illustrated Problems on Diminishing Balance Method Sum of the Years Digits Method Illustrated Problem on Sum of the Years Digits Method Machine Hours Rate Method Illustrated Problems on Machine Hours Rate Sinking Fund Method / Depreciation Fund Method Illustrated Problem on Sinking Fund Annuity Method Illustrated Problems on Annuity Method Insurance Policy Method Illustrated Problem on Insurance Policy Method Revaluation Method Illustrated Problem on Revaluation Method

18 xviii Depletion Method Illustrated Problem on Depletion Method Compound Interest Method Illustrated Problem on Compound Interest Method FINANCIAL MANAGEMENT Meaning and Definition of Financial Management Nature of Financial Management Functions of Financial Management Objectives of Financial Functions Profit / EPS Maximization Wealth Maximization TIME VALUE OF MONEY Meaning of Time Value of Money Objectives of Time Value of Money Methods / Techniques for Calculating Time Value of Money Future / Compounded Value of Money Illustrated Problems on Future Value of Money Present / Discounting Value of Money Illustrated Problems on Present Value of Money CAPITAL AL BUDGETING Meaning and Definition of Capital Budgeting Objectives / Needs of Capital Budgeting Process of Capital Budgeting Factors Influencing Capital Budgeting Decisions Techniques / Methods of Capital Budgeting Payback Method Illustrated Problems on Payback Method

19 xix Average/Accounting Rate of Return (ARR) Illustrated Problems on ARR Time ime-adjusted Methods/Discount Cashflow Techniques echniques Net Present Value (NPV) Illustrated Problems of NPV Internal Rate of Return (IRR) IRR and NPV Illustrated Problems of IRR Terminal Value Illustrated Problems on Terminal Value alue Profitability Index Illustrated Problems on Profitability Index Excess Present Value Illustrated Problem on Excess Present Value alue COST OF CAPITAL AL Meaning and Definition of Cost of Capital Determination of Cost of Capital Classification of Cost of Capital Measurement / Techniques of Cost of Capital Cost of Long ong-term Debt Illustrated Problems on Cost of Long ong-term Debt Preference Share Capital Illustrated Problems on Cost of Preference Capital Cost of Equity/Equity Capital Illustrated Problems on Equity Capital Retained Earnings Illustrated Problems on Retained Earning

20 xx 5.10 FINANCIAL LEVERAGES Meaning and Definition of Financial Leverages Types of Leverages Operating Leverages Meaning and Definition of Operating Leverages Computation of Operating Leverages Degree / Behaviour of Operating Leverages Illustrated Problems on Operating Leverages Financial Leverages Meaning of Financial Leverages Computation of Financial Leverages Degree / Behaviour of Financial Leverages Illustrated Problems on Financial Leverages Composite / Combined / Total Leverages Illustrated Problems on Combined Financial Leverages Short Questions and Answers EXPECTED UNIVERSITY QUESTIONS Expected University Questions with Solutions... E.1 - E.12