2K6ME 702 : INDUSTRIAL MANAGEMENT

Module I (14 hours)
Management concepts – system concepts of management – management functions – planning – principles of planning – organizing – organization structures – principles of organizing – span of control – delegation – leadership – directing – controlling Decision making – strategic and tactical decisions – models of decision making – single stage decisions under risk – multi stage decision making – decision trees – decision making under uncertainty – Baye’s decision theory – equally likely – minimax – maximum likelihood – maximin criterion –
Module II (12 hours)
Network techniques – basic concepts – network construction – CPM and PERT networks – algorithm for critical path – slacks and their significance – crashing – network flow problems – the shortest route problem – minimal spanning tree problem – maximal flow in capacitated network
Module III (14 hours)
Production planning and control – scope and objectives – functions of PPC – product consumption cycle – production planning – process planning – material requirement planning – forecasting – methods of forecasting – moving average method – single exponential smoothing – linear regression – linear forecaster – scheduling – objectives – performance measures – priority rules – single machine scheduling – job shop scheduling – 2 jobs N machines – flow shop scheduling – N jobs 2 machines – N jobs 3 machines scheduling
Module IV (12 hours)
Human resources management – job design – job enrichment – job enlargement – job evaluation – merit rating – wages and incentives – work study – method study – time study – work sampling. Costing – cost concepts – concept of cost accounting – elements of cost – overhead costs – methods of allocation of overhead costs – depreciation – methods of depreciation – financial management – time value of money – comparison of alternatives – payback period method – net present value method – internal rate of return method – basics of financial accounting – profit and loss account – balance sheet preparation

Text books
1. Koontz H., O’Donnel & Weihrich H., Essentials of Management, McGraw Hill Book Company
2 Mazda F., Engineering Management, Low Price Edition, Addison Wesley
3. Pandey I.M., Financial Management, Eighth Edition, Vikas Publishing House Private Limited
4 Bhattacharya A.K., Principles and Practice of Cost Accounting, Wheeler Publishing
5 Venkata Ratnam C.S. & Srivastava B.K., Personnel Management and Human Resources, Tata McGraw Hill Publishing Company Limited
6 Barnes., Motion and Time Study Design and Measurement of Work, Wiley
7 Jerome D Weist, A Management Guide to PERT/CPM, Mc.Graw Hill Co.
8 Samuel Eilon., Elements of Production Planning and Control, Prentice Hall India.
Reference books
Chase R.B., Aquilano N.J. & Jacobs F.R., Production and Operations Management: Manufacturing and Services, Eighth Edition, Tata McGraw Hill Publishing Company Limited
2 Prasanna Chandra, Financial Management: Theory and Practice, Fourth Edition, Tata McGraw Hill Publishing Company Limited Sessional work assessment