Time aspect is the main and significant aspect in a network. Its primary object is to complete the project at an earliest to get quicker realisation of benefits of the project. Activities on critical path and sub-critical path needs special attention either to complete the project as per schedule or to reduce the completion time. To reduce the scheduled time, [...]
After reading this article you will learn about:- 1. Meaning of Network Technique 2. Objectives of Network Analysis 3. Applications 4. Advantages 5. Limitations. Meaning of Network Technique: Network technique is a technique for planning, scheduling (programming) and controlling the progress of projects. This is very useful for projects which are complex in nature or where activities are subject to [...]
Introduction: Location of an industry is an important management decision. It is a two-step decision: first, choice of general area or region and second, the choice of site within the area selected. Location decision is based on the organisations long-term strategies such as technological, marketing, resource availability and financial strategies. The objective of plant location decision-making is to minimise the [...]