EFFECT FROM THE ACADEMIC YEAR 2013 - 2014
ME 472
INDUSTRIAL ADMINISTRATION &
FINANCIAL MANAGEMENT
Instruction 4 Periods per week
Duration of University Examination 3 Hours
University Examination 75 Marks
Sessional 25 Marks
UNIT-I
Industrial Organisation: Types of various business organizations. Organisation structures and their relative merits and demerits. Functions of management.
Plant location and layouts: Factors affecting the location of plant and layout. Types of layouts and their merits and demerits.
UNIT-II
Work study, Definitions, objectives of method study and time study. Steps in conducting method study. Symbols and charts used in method study. Principles of motion economy. Calculation of standard time by time study and work sampling. Performance rating factor. Types of ratings. Jobs evaluation and performance appraisal. Wages, incentives, bonus, wage payment plans.
UNIT-III
Inspection and quality control: Types and objectives of inspection S.Q.C., its principles. Quality control by chart and sampling plans. Quality circles, introduction to ISO.
Production planning and control: Types of manufacture. Types of production. Principles of PPC and its function. Production control charts.
UNIT-IV
Optimisation: Introduction to linear programming and graphical solutions. Assignment problems.
Project Management: Introduction to CPM and PERT. Determination of critical path..
Material Management: Classification of materials. Materials planning. Duties of purchase manager. Determination of economic ordering quantities. Types of materials purchase.
Unit-V
Cost accounting: Elements of cost. Various costs. Types of overheads. Break even analysis and its applications. Depreciation. Methods of calculating depreciation fund. Nature of Financial management. Time value of money. Techniques of capital budgeting and methods.
Cost of capital. Financial leverage.
Suggested Reading:
1. Pandey I.M. “Elements of Financial Management”, Vikas Publ. House, New Delhi, 1994.
2. KhannaO.P., “Industrial Engineering and Management“, Dhanapat Rai & Sons.
3. Everrete E. Adama & Ronald J. Ebert, “Production & Operations Management”, Prentice Hall of India, 5th Edition, 2005.
4. S.N. Chary, “Production and Operations Management”, Tata McGraw Hill, 3rd Edition, 2006.
5. Paneer Selvam, “Production and Operations Management”,
Pearson Education, 2007.