This article throws light upon the top fourteen tools and techniques used for statistical quality control. Some of the tools are: 1. Probability Concept 2. The Poisson Distribution 3. Normal Distribution 4. Confidence Limits 5. Measures of Central Tendency 6. Estimation 7. Significance Testing 8. Analysis of Variance 9. Control Charts 10. Life Testing 11. Reliability and Reliability Prediction and [...]
Laws of Returns occupy a central position in production. It has been seen that an entrepreneur increases the quantity of various factors of production in order to increase the output of his factory so as to earn higher profits. The returns due to these additions in the factors of production are not always fixed. Sometimes returns increase due to increase [...]
After reading this article you will learn about:- 1. Introduction and Definition of Material Handling 2. Functions and Principles of Material Handling 3. Engineering and Economic Factors 4. Relationship with Plant Layout. Introduction and Definition of Material Handling: Starting from the time, the raw material enters the factory gate and goes out of the factory gate in the form of [...]