Meaning and Definition of Time Study: When a customer wants to purchase some products, then he usually compares the prices with those of similar products, which are being manufactured by other producers. Therefore, to give competitive quotations, estimation of accurate labour cost is very essential as it has got large effect on the price. If the prices are higher, then, [...]
After reading this article you will learn about:- 1. Meaning of Work Sampling 2. Objectives of Work Sampling 3. Theory 4. Procedure 5. Determination of Time Standards 6. Applications 7. Advantages 8. Disadvantages 9. Errors. Meaning of Work Sampling: Work sampling, also called 'Activity Sampling' or 'Ratio Delay Study', is based on the statistical method first devised by L.H.S. Tippet [...]
After reading this article you will learn about:- 1. Meaning of Acceptance Sampling 2. Role of Acceptance Sampling 3. Quality Indices. Meaning of Acceptance Sampling: Sampling is the tool or technique of statistical quality control. Webster defined a sample as a product to represent the quality of the whole lot. Frequently, we in our daily life come in contact with [...]