Cost analysis: Break-even analysis, two and three alternatives, graphical solution. Breakeven
charts, effects of changes in fixed and variable costs. Minimum cost analysis,
economics order quality. Effect of risk and uncertainty on lot size.
Replacement Studies: Reasons for replacement, factors to be considered in replacement Studies,
discounted cash flow analysis, economic life of a project, challenger and defender.
Economic Analysis Of Investment Alternatives : Basic economy study patterns and their
comparison, decision making in selection of alternative by present worth methods, rate of return
method, payout period method and uniform annual cost method, economic
analysis of new projects, effect of taxation on economic studies.
Cost Estimation : Difference between cost estimation and cost accounting, qualifications
of an estimator. Estimating procedure, Estimate of material cost and labour cost. Estimation of cost in
various manufacturing operations.
Depreciation : Types of depreciation and their Methods.
Concepts of Industrial Management: Concept, Development, application and scope of Industrial
Management , Functions of Management, Evolution of Management Thought : Taylor’s Scientific
Management, Fayol’s,Principles of Management, Douglas Mc-Gregor’s Theory X and Theory Y,
Mayo’s Hawthorne, Experiments, Hertzberg’s Two Factor Theory of Motivation, Maslow’s
Hierarchy of Human Needs’
Productivity : Definition, measurement, productivity index, types of production system, Industrial
Ownership.
Designing Organizational Structures: Concept, Importance and characteristics of organization,
Types of organization - Project, matrix and informal organization. Span of control, Delegation of
authority.
Materials Management-Objectives, Inventory - functions, types, associated costs, Inventory
Control Systems-Continuous review system-periodical review system. Stores Management and Stores
Records. Purchase management, duties of purchase of manager,
associated forms.