This article throws light upon the twelve main factors affecting the layout of an industrial building. The factors are: 1. Organisation of Departments 2. Location of Production Departments in the Building 3. Position of Service Departments 4. Premises 5. Size and Local Conditions of Site 6. Type of Construction 7. Ventilation and Air Conditioning 8. Appearance 9. Plant Protection and [...]
After reading this article you will learn about the management of spare parts for equipments. Machines worth crores of rupees are idle for want of spares, on the other hand huge stores are lying which perhaps may not be used. Thousands of crores of rupees are locked in obsolete items. This emphasize the need of paying more attention on management [...]
Following are some of the important methods which are used for equipment replacement studies: 1. Pay-Back Period Method 2. Total Life Average Method 3. Annual Cost Method 4. Present Worth Method 5. Rate of Return Method 6. M.A.P.I. Method. 1. Pay-Back Period Method: This method of equipment replacement studies determines as to how long it will take (in years) to [...]