- Teacher: Sivakumar S
- Teacher: Sivakumar S
- Teacher: Sivakumar S
Objective: The course industrial management introduces the core concept of management principles in an industrial environment. The principles of management and types of management like, financial management, production management and materials management will be covered indetail. The key aspects of sales and marketing management like advertising, sales promotion and sales forecasting will be discussed. Introduction to industrial psychology and personal management will help students get to know about the causes and remedies for fatigue, accidents and also the aspects of manpower planning and job analysis.
UNIT I Introduction to Economics- Flow in an Economy, Law of Demand and Supply, Concept of Engineering Economics–Engineering Efficiency, Economic Efficiency, Scope of Engineering Economics, Elements of Costs, Marginal Cost, Marginal Revenue, Sunk Cost ,Opportunity cost, Break-Even Analysis, P/V ratio, Elementary Economics Analysis–Structure of Market, Pricing and its related factors.
UNIT II Make or Buy Decision, Value Engineering– Function, Aims, Value Engineering Procedure, Interest formulas and their applications– Time Value of Money, Single-Payment Compound Factor, Single Payment Present Worth factor, Equal Payment Series Compound Amount Factor, Equal Payment Series Sinking Fund Factor, Equal Payment Series Present Worth Factor, Equal Payment Series Capital Recovery Factor, Uniform Gradient Series Annual Equivalent Factor, Effective Interest Rate, Examples in all the methods.
UNIT III Methods of Comparison of Alternatives–Present Worth Method of Comparison ( Revenue Dominated Cash flow Diagram, Cost Dominated Cash Flow Diagram),Future Worth Method Comparison (Revenue Dominated Cash Flow Diagram, Cost Dominated Cash Flow Diagram), Annual Equivalent Method of Comparison (Revenue Dominated Cash Flow Diagram, Cost Dominated Cash Flow Diagram), Rate of Return Method, Examples in all the methods.
UNIT IV Principles of management: Basic concepts of management–Scientific management–Henry Fayol’s Principles of management– Types and functions of management. Types of Organisation –characteristics, merits and demerits. Types of industrial ownership– Characteristics, merits and demerits.
UNIT V Financial management: Sources of finance (Internal and External)-Types of capital-Working capital-Types of investment- Preparation of Trading, Profit and Loss Account and Balance SheetTypes of Accounting and significance of each types.
TEXTBOOKS 1. Pannerselvam.R., Engineering Economics, Prentice-Hall Of India Pvt. Ltd, New Delhi, Feb-2013.
2. IM Pandey., Financial Management, Prentice-Hall Of India Pvt.Ltd
3. Management–Oxford University Press
REFERENCEBOOKS 1. Degaramo E.P., Sullivan W.G and Canada J.R., Engineering Economy Macmillan, Newyork.
2. GrantE.L.,IresonW.Gand Leaven worth R.S.,Principles of Engineering Economy, Ronald Press, Newyork
3. Smith G.W. Engineering Economics, Lowa State Press,Lowa
UNIT I Introduction to Economics- Flow in an Economy, Law of Demand and Supply, Concept of Engineering Economics–Engineering Efficiency, Economic Efficiency, Scope of Engineering Economics, Elements of Costs, Marginal Cost, Marginal Revenue, Sunk Cost ,Opportunity cost, Break-Even Analysis, P/V ratio, Elementary Economics Analysis–Structure of Market, Pricing and its related factors.
UNIT II Make or Buy Decision, Value Engineering– Function, Aims, Value Engineering Procedure, Interest formulas and their applications– Time Value of Money, Single-Payment Compound Factor, Single Payment Present Worth factor, Equal Payment Series Compound Amount Factor, Equal Payment Series Sinking Fund Factor, Equal Payment Series Present Worth Factor, Equal Payment Series Capital Recovery Factor, Uniform Gradient Series Annual Equivalent Factor, Effective Interest Rate, Examples in all the methods.
UNIT III Methods of Comparison of Alternatives–Present Worth Method of Comparison ( Revenue Dominated Cash flow Diagram, Cost Dominated Cash Flow Diagram),Future Worth Method Comparison (Revenue Dominated Cash Flow Diagram, Cost Dominated Cash Flow Diagram), Annual Equivalent Method of Comparison (Revenue Dominated Cash Flow Diagram, Cost Dominated Cash Flow Diagram), Rate of Return Method, Examples in all the methods.
UNIT IV Principles of management: Basic concepts of management–Scientific management–Henry Fayol’s Principles of management– Types and functions of management. Types of Organisation –characteristics, merits and demerits. Types of industrial ownership– Characteristics, merits and demerits.
UNIT V Financial management: Sources of finance (Internal and External)-Types of capital-Working capital-Types of investment- Preparation of Trading, Profit and Loss Account and Balance SheetTypes of Accounting and significance of each types.
TEXTBOOKS 1. Pannerselvam.R., Engineering Economics, Prentice-Hall Of India Pvt. Ltd, New Delhi, Feb-2013.
2. IM Pandey., Financial Management, Prentice-Hall Of India Pvt.Ltd
3. Management–Oxford University Press
REFERENCEBOOKS 1. Degaramo E.P., Sullivan W.G and Canada J.R., Engineering Economy Macmillan, Newyork.
2. GrantE.L.,IresonW.Gand Leaven worth R.S.,Principles of Engineering Economy, Ronald Press, Newyork
3. Smith G.W. Engineering Economics, Lowa State Press,Lowa
- Teacher: PRADEEP RAMAKRISHNAN N