Industrial engineering converts technical products and processes created by pure engineers and managers into commercially viable products and thereby creates industries - manufacturing/engineering service concerns that satisfy the needs of the people and make profit for the organizations. On an ongoing basis industrial engineering improves the profits of the organization by eliminating wastes and reducing cost through minimizing resource use.
Industrial engineering is system efficiency engineering and human effort engineering.
IE helps in creating new industries and prosperous industries.
IE makes enterprises rich. IE makes employees rich. IE makes societies rich.
June 22 to 26
Cash Flow Estimation for Expenditure Proposals - Depreciation and Other Related Issues
Required Rate of Return - Cost of Capital - Required Rate of Return for Investment or Expenditure Proposal..
NPV - IRR and Other Summary Project Assessment Measures
Income Expansion Projects - Cost Reduction Projects - Replacement Decisons
Equivalent Annual-Worth Comparisons
Expected Values and Risk of Project Revenues and Costs
Structural Analysis of Alternatives
Engineering Economic Analysis - Subject Update - Recent Case Studies
June Third Week - IE Knowledge Revision
June - Industrial Engineering Knowledge Revision Plan