Frank Gilbreth was a pivotal figure in the development of scientific management and industrial engineering during the early 20th century. His most significant and recognized contributions lie in the field of Time and Motion Studies.
Time and Motion Studies are systematic methods used to analyze workflows and production processes. The core objective is to improve economic efficiency, especially labor productivity. This involves:
Frank Gilbreth, alongside his wife Lillian Gilbreth, conducted extensive research to identify the best methods for performing tasks, aiming to reduce fatigue and increase output. Their work laid the foundation for modern industrial engineering and operations management.
The other options provided represent different significant concepts in management theory, but they are not primarily associated with Frank Gilbreth's main contributions:
Based on the historical significance and the core focus of his work, Frank Gilbreth is primarily known for his pioneering efforts in developing and applying Time and Motion Studies to improve workplace efficiency.
Factors which govern the operating cost of an equipment are :
1. Purchase price of the equipment
2. Depreciation due to regular use
3. Cost of operation, maintenance and repairs
Which of the above statements are correct ?
In Emerson's efficiency plan of wage incentive system, the bonus is paid to-
Match List I with List II
LIST I (Project Network concepts) | LIST II (Underlying meaning) | ||
| A. | Crashing an activity | I. | Length of the longest path through the project network |
| B. | Project Network | II. | It shows the time and cost when the activity is fully crashed |
| C. | Critical path | III. | It consists of a number of nodes and a number of arcs that connects two different nodes |
| D. | Crash point | IV. | Taking special (costly) measures to reduce the duration of an activity below its normal value |
Choose the correct answer from the options given below:
The following statements relate to project network. Choose the correct code for the statements being correct or incorrect.
Statement I: An activity cannot be represented by more than one arrow, but an arrow can represent one or more activities.
Statement II : The activities in a critical path can be preponed or postponed.
A public limited company has 9,00,000 shares outstanding at current market price of Rs. 130 per share. The company needs Rs. 2.25 crores to finance its proposed new project. The board of the company has decided to issue rights shares to raise the required money at Rs. 75 per share (as subscription price) to ensure that the rights issue is fully subscribed. How many rights are required to purchase a new share ?