After reading this article you will learn about:- 1. Introduction to Replacement of Equipments 2. Reasons for Replacement of Equipments 3. Factors to be Considered. Introduction to Replacement of Equipments: In replacement, one is concerned with equipment and machinery that deteriorates with the passage of time. Since over time, an equipment ages, every piece of equipment in an industry is [...]
Several common methods used for evaluating proposals for capital expenditures and for comparing and selecting alternative machines or equipment involving capital assets are discussed:- 1. Total life average method, 2. Annual cost method, 3. Present worth method, 4. Rate of return method, 5. MAPI method, and 6. Approximate MAPI solution. 1. Total Life Average Method: Steps Involved: (i) Add the [...]
After reading this article you will learn about:- 1. Introduction to Foreman 2. Duties and Responsibilities of a Foreman/the Supervisor's Job 3. Qualifications 4. Qualities. Introduction to Foreman: A Foreman generally designated by Supervisor (in most of the industries) is a person in charge of, and coordinator of, the activities of a group of workers engaged in one type of [...]