Unit 1

Engineering Economics: cost concepts – types of costs – cost functions. Cost controls: reduction – tools & applications. Pricing policies – methods – problems.

Process design and improvement – process capacity – process layout – process reengineering – job design. Work standards – work measurement – work sampling – problems.

Unit 2

Supply Chain Management – Basic Concepts, SC dynamics, push-pull boundary, integrated supply chain, logistics, customer relationship, supplier relationship – selection, rating and development, procurement, SC metrics and performance measurement – problems. Lean Manufacturing – concepts, wastes – tools viz., pull system, standardized work, takt time, kanban system, JIT, kaizen, SMED, 5S, value stream mapping, benefits of lean and implementation issues. Introduction to Six Sigma. Plant Location – globalization, factors affecting location decisions, facility location – Break-even method, rectilinear, factor-rating and centre of gravity – problems. Plant Layout – types, process layout, product layout, Systematic layout planning (SLP), Line Balancing problems. Capacity Planning – Aggregate Planning – importance, planning process, methods – problems.

Unit 3

• L. J. Krajewski and L. P. Ritzman – ‘Operations Management: Processes and Value Chain’ – PHI Pvt. Limited – 2010
• R. L. Varshney & K. L. Maheshwari, ‘Managerial Economics’ – S Chand & Sons – 1997 – 13^th Edition

• W. J. Hopp and M. L. Spearman – ‘Factory Physics’ – McGraw Hill – 2000 – 2^nd Edition
• E. S. Buffa and R. K. Sariss – ‘Modern Production / Operations Management’ – John Wiley – 1994 – 8^th Edition
• B. Harrison, C. Smith and B. Davis – ‘Introductory Economics’ – Macmillan – 1992