Thursday, March 8, 2012
Business Excellence Training Courses India - SSA Business Solutions India
Courses 2012
Value Stream Mapping - Understanding Material and Information Flow in Systems
June 2012
http://www.ssa-solutions.com/training-program/value-stream-mapping.php
Civil Engineering Economics or Economy
Resources
Civil Engineering: ECONOMY. Authors: Donald G. Newman, Donald G. Newnan, Format: Paperback, 108 pages.
Journal Construction Management and Economics, 12 issues per year
VALUE ENGINEERING & COST SAVING ISSUES ON USA DEPARTMENT OF TRANSPORTATION (DOTS) - Paper related to Highway construction - Download the paper from
COST REDUCTION STRATEGIES FOR CONTRACTORS Through Risk Management
Why are you ignoring the cost reduction profit that a Red Rhino™ 5000 series compact crusher makes?
CE1451 ENGINEERING ECONOMICS AND COST ANALYSIS 3 0 0 100
OBJECTIVE
The main objective of this course is to make the Civil Engineering student know about the basic law of economics, how to organise a business, the financial aspects related to business, different methods of appraisal of projects and pricing techniques. At the end of this course the student shall have the knowledge of how to start a construction business, how to get finances, how to account, how to price and bid and how to assess the health of a project.
1. BASIC ECONOMICS 15
Definition of economics - nature and scope of economic science - nature and scope of managerial economics - basic terms and concepts - goods - utility - value - wealth - factors of production - land - its peculiarities - labour - economies of large and small scale - consumption - wants - its characteristics and classification - law of diminishing marginal utility - relation between economic decision and technical decision - Demand - demand schedule - demand curve - law of demand - elasticity of demand - types of elasticity - factors determining elasticity - measurement - its significance - supply - supply schedule - supply curve - law of supply - elasticity of supply - time element in the determination of value - market price and normal price - perfect competition - monopoly - monopolistic competition
2. ORGANISATION AND FINANCING 15
Forms of business - proprietorship - partnership - joint stock company - cooperative organisation - state enterprise - mixed economy - money and banking - banking - kinds - commercial banks - central banking functions - control of credit - monetary policy - credit instrument - Types of financing - Short term borrowing - Long term borrowing - Internal generation of funds - External commercial borrowings - Assistance from government budgeting support and international finance corporations - analysis of financial statement – Balance Sheet - Profit and Loss account - Funds flow statement
3. COST ANALYSIS 10
Types of costing – traditional costing approach - activity base costing - Fixed Cost – variable cost – marginal cost – cost output relationship in the short run and in long run – pricing practice – full cost pricing – marginal cost pricing – going rate pricing – bid pricing – pricing for a rate of return – appraising project profitability –internal rate of return – pay back period – net present value – cost benefit analysis – feasibility reports – appraisal process – technical feasibility- economic feasibility – financial feasibility
4. BREAK EVEN ANALYSIS 5
Basic assumptions – break even chart – managerial uses of break even analysis
TOTAL : 45
TEXT BOOKS
1. Dewett K.K. & Varma J.D., Elementary Economic Theory, S Chand
2. Sharma JC “Construction Management and Accounts” Satya Prakashan, New Delhi
REFERENCES
1. Barthwal R.R., Industrial Economics - An Introductory Text Book, New Age
2. Jhingan M.L., Micro Economic Theory, Konark
3. Samuelson P.A., Economics - An Introductory Analysis, McGraw-Hill
4. Adhikary M., Managerial Economics
5. Khan MY and Jain PK “Financial Management” McGraw-Hill Publishing Co., Ltd
6. Varshney RL and Maheshwary KL “ Managerial Economics” S Chand and Co
OBJECTIVE
The main objective of this course is to make the Civil Engineering student know about the basic law of economics, how to organise a business, the financial aspects related to business, different methods of appraisal of projects and pricing techniques. At the end of this course the student shall have the knowledge of how to start a construction business, how to get finances, how to account, how to price and bid and how to assess the health of a project.
1. BASIC ECONOMICS 15
Definition of economics - nature and scope of economic science - nature and scope of managerial economics - basic terms and concepts - goods - utility - value - wealth - factors of production - land - its peculiarities - labour - economies of large and small scale - consumption - wants - its characteristics and classification - law of diminishing marginal utility - relation between economic decision and technical decision - Demand - demand schedule - demand curve - law of demand - elasticity of demand - types of elasticity - factors determining elasticity - measurement - its significance - supply - supply schedule - supply curve - law of supply - elasticity of supply - time element in the determination of value - market price and normal price - perfect competition - monopoly - monopolistic competition
2. ORGANISATION AND FINANCING 15
Forms of business - proprietorship - partnership - joint stock company - cooperative organisation - state enterprise - mixed economy - money and banking - banking - kinds - commercial banks - central banking functions - control of credit - monetary policy - credit instrument - Types of financing - Short term borrowing - Long term borrowing - Internal generation of funds - External commercial borrowings - Assistance from government budgeting support and international finance corporations - analysis of financial statement – Balance Sheet - Profit and Loss account - Funds flow statement
3. COST ANALYSIS 10
Types of costing – traditional costing approach - activity base costing - Fixed Cost – variable cost – marginal cost – cost output relationship in the short run and in long run – pricing practice – full cost pricing – marginal cost pricing – going rate pricing – bid pricing – pricing for a rate of return – appraising project profitability –internal rate of return – pay back period – net present value – cost benefit analysis – feasibility reports – appraisal process – technical feasibility- economic feasibility – financial feasibility
4. BREAK EVEN ANALYSIS 5
Basic assumptions – break even chart – managerial uses of break even analysis
TOTAL : 45
TEXT BOOKS
1. Dewett K.K. & Varma J.D., Elementary Economic Theory, S Chand
2. Sharma JC “Construction Management and Accounts” Satya Prakashan, New Delhi
REFERENCES
1. Barthwal R.R., Industrial Economics - An Introductory Text Book, New Age
2. Jhingan M.L., Micro Economic Theory, Konark
3. Samuelson P.A., Economics - An Introductory Analysis, McGraw-Hill
4. Adhikary M., Managerial Economics
5. Khan MY and Jain PK “Financial Management” McGraw-Hill Publishing Co., Ltd
6. Varshney RL and Maheshwary KL “ Managerial Economics” S Chand and Co
Source:
Originally posted in Knol
http://knol.google.com/k/narayana-rao/civil-engineering-economics-or-economy/ 2utb2lsm2k7a/ 650
Monday, March 5, 2012
Industrial Engineering is Project and Report Oriented and Management Continuous Direction Oriented
When you want to differentiate between industrial engineering which is subject of management or discipline of management, and management as a whole, one characteristic is that the output of an industrial engineer is captured in a report which can be evaluated, modified and approved by a manager or group of managers and implemented. In case of management, there is planning and organization which are report oriented, but direction and leading are guidance oriented or continuous interaction oriented. They clarify the situation or requirements on a continuous basis and keep up the enthusiasm and the positive feelings in people all around for better effort and output by the system.
Saturday, March 3, 2012
Efficiency in Public Service - Debate at RSA - YouTube Video - 2011
2011 Video
RSA Royal Society of Arts, Commerce and Manufactures
_____________ _____________
Friday, March 2, 2012
Bad Designs Due to not using Human Effort Engineering Principles
Examples
________________
http://www.baddesigns.com/?downloadURL=true&loId=131E43EF-1C7E-41A1-914E-7923E4C64EFB
________________
Boeing 777 - Industrial Engineering and Cost Reduction
Financial Analysis of Boeing 777 - 1990
_____________
IE projects: Enabling more proactive IE support of factory efficiency
From IIE documents
_____________
Boeing 777 - A Look back
by Wolf L. Glende, Chief Engineer, Systems, 777 Airplane Program
Reducing Flowtime in Aircraft Manufacture - 1990 study and report
Reducing Flowtime in Aircraft Manufacture - MIT Working Paper - 1992
Upgrading electrical and control systems of wing fastening machines improves productivity - 2012 report
Assembly Process
_______________
Assembly Process - May be part of above
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787 assembly process
________________ ________________
Use of Titanium in Boeing 777
Use of Composites In Boeing
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Improvement Projects at Boeing Everett - Lean initiatives
Challenges in Aerospace leadership - Stan Sorscher
Simultaneous Optimization of Multiple Aircraft Family
How Boeing Tracts Costs - An explanation by accounts person
Lean Initiatives at Boeing - 2000 report
Thursday, March 1, 2012
Marketing Operational Efficiency - Kotler and Shah - YouTube Video
Kotler advocated Operational Efficiency in Marketing in his book.
Recently Kotler and Shah elaborated the idea. In this video Dr. Robert Shaw makes persuasive arguments about making marketing lean.
___________ ___________
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