SlideShare a Scribd company logo
1 of 32
PRODUCTION
AND
OPERATIONS
MANAGEMENT
Of
Functions of Production Management/ Production
Manager:
Product design and development.
Facilities location
Facilities layout and handling systems
Method study and work measurement
Production forecasting
Production planning and scheduling
Materials and inventory management
Quality control
Functions of Production Management/ Production
Manager:
Product design and development.
Facilities location
Facilities layout and handling systems
Method study and work measurement
Production forecasting
Production planning and scheduling
Materials and inventory management
Quality control
Production Function
O = f { I1 + I2 + I3 + ………………In}
O is the quantity of output
I1 + I2 + I3 + ………………In are the quantity of inputs
The efficiency of Production process depends on three
factors:
1.The quantities of different inputs used in the process
2.The quantities of output
3.The productivity of each input
Production SystemsProduction Systems
Job Shop Example
Batch Production
Flow or Continuous Production
Production and operations management
Production and operations management
Production and operations management
Production and operations management

More Related Content

What's hot

Material requirement planning, MRP.
Material requirement planning, MRP. Material requirement planning, MRP.
Material requirement planning, MRP. shoaibzaheer1
 
material requirement planning
material requirement planningmaterial requirement planning
material requirement planningNaushii Khan
 
Operations management
Operations managementOperations management
Operations managementPrithvi Ghag
 
Manufacturing Resource Planning | Management
Manufacturing Resource Planning | ManagementManufacturing Resource Planning | Management
Manufacturing Resource Planning | ManagementTransweb Global Inc
 
Operations management notes
Operations management notesOperations management notes
Operations management notesSomashekar S.M
 
Introduction to operations management
Introduction to operations managementIntroduction to operations management
Introduction to operations managementManish Parihar
 
Tools for capacity planning, measurement of capacity, capacity planning process
Tools for capacity planning, measurement of capacity, capacity planning processTools for capacity planning, measurement of capacity, capacity planning process
Tools for capacity planning, measurement of capacity, capacity planning processRohan Monis
 
Aggregate planning
Aggregate planningAggregate planning
Aggregate planningAtif Ghayas
 
Design of the production system
Design of the production systemDesign of the production system
Design of the production systemdarious demus
 
Production and Operations Management
Production and Operations ManagementProduction and Operations Management
Production and Operations ManagementNishant Agrawal
 
Material Requirement Planning (MRP)
Material Requirement Planning (MRP)Material Requirement Planning (MRP)
Material Requirement Planning (MRP) Konok Mondal
 
Facility layout ppt
Facility layout pptFacility layout ppt
Facility layout pptAnju Rana
 

What's hot (20)

Material requirement planning, MRP.
Material requirement planning, MRP. Material requirement planning, MRP.
Material requirement planning, MRP.
 
material requirement planning
material requirement planningmaterial requirement planning
material requirement planning
 
Operations management
Operations managementOperations management
Operations management
 
Manufacturing Resource Planning | Management
Manufacturing Resource Planning | ManagementManufacturing Resource Planning | Management
Manufacturing Resource Planning | Management
 
Product Operation Planning & Control
Product Operation Planning & ControlProduct Operation Planning & Control
Product Operation Planning & Control
 
Introduction To Operation Management
Introduction To Operation ManagementIntroduction To Operation Management
Introduction To Operation Management
 
Operations management
Operations managementOperations management
Operations management
 
Facility Layout
Facility LayoutFacility Layout
Facility Layout
 
Operations management notes
Operations management notesOperations management notes
Operations management notes
 
Introduction to operations management
Introduction to operations managementIntroduction to operations management
Introduction to operations management
 
operations management
operations managementoperations management
operations management
 
Capacity planning
Capacity planning Capacity planning
Capacity planning
 
Tools for capacity planning, measurement of capacity, capacity planning process
Tools for capacity planning, measurement of capacity, capacity planning processTools for capacity planning, measurement of capacity, capacity planning process
Tools for capacity planning, measurement of capacity, capacity planning process
 
CAPACITY PLANNING
CAPACITY PLANNINGCAPACITY PLANNING
CAPACITY PLANNING
 
Aggregate planning
Aggregate planningAggregate planning
Aggregate planning
 
Design of the production system
Design of the production systemDesign of the production system
Design of the production system
 
Production and Operations Management
Production and Operations ManagementProduction and Operations Management
Production and Operations Management
 
Material Requirement Planning (MRP)
Material Requirement Planning (MRP)Material Requirement Planning (MRP)
Material Requirement Planning (MRP)
 
Facility layout ppt
Facility layout pptFacility layout ppt
Facility layout ppt
 
Operation management
Operation managementOperation management
Operation management
 

Viewers also liked

Production Management
Production ManagementProduction Management
Production ManagementHiten Patel
 
Production and operations_management
Production and operations_managementProduction and operations_management
Production and operations_managementQamar Farooq
 
How To Write Workbook
How To Write WorkbookHow To Write Workbook
How To Write WorkbookAnup Roy
 
Year 8 WA Curriculum: Design and Technologies
Year 8 WA Curriculum: Design and TechnologiesYear 8 WA Curriculum: Design and Technologies
Year 8 WA Curriculum: Design and TechnologiesDr Peter Carey
 
Waste Management
Waste ManagementWaste Management
Waste Managementlearnito
 
Waste management
Waste managementWaste management
Waste managementSharad Rao
 
Product Issues In Distribution Channel Design & Management
Product Issues In Distribution Channel Design & ManagementProduct Issues In Distribution Channel Design & Management
Product Issues In Distribution Channel Design & ManagementNelson Fonseca
 
Solid Waste Management in garments industries in Bangladesh.
Solid Waste Management in garments industries in Bangladesh.Solid Waste Management in garments industries in Bangladesh.
Solid Waste Management in garments industries in Bangladesh.Tapu Saha
 
Waste Management
Waste Management  Waste Management
Waste Management d100ni
 
Waste Management in Garment Industries
Waste Management in Garment IndustriesWaste Management in Garment Industries
Waste Management in Garment IndustriesShubha Brota Raha
 
Channel design and modification decisions
Channel design and modification decisionsChannel design and modification decisions
Channel design and modification decisionstljilu
 
Presentation on bag project web post 6.6.14
Presentation on bag project web post 6.6.14Presentation on bag project web post 6.6.14
Presentation on bag project web post 6.6.14cityofevanston
 
Technology of Plastic Processing Industries
Technology of Plastic Processing IndustriesTechnology of Plastic Processing Industries
Technology of Plastic Processing IndustriesAjjay Kumar Gupta
 
Introduction to Management of Technology
Introduction to Management of TechnologyIntroduction to Management of Technology
Introduction to Management of TechnologyTarek Salah
 

Viewers also liked (20)

Production Management
Production ManagementProduction Management
Production Management
 
Production and operations_management
Production and operations_managementProduction and operations_management
Production and operations_management
 
Modern design issue
Modern design issueModern design issue
Modern design issue
 
How To Write Workbook
How To Write WorkbookHow To Write Workbook
How To Write Workbook
 
Year 8 WA Curriculum: Design and Technologies
Year 8 WA Curriculum: Design and TechnologiesYear 8 WA Curriculum: Design and Technologies
Year 8 WA Curriculum: Design and Technologies
 
Waste Management
Waste ManagementWaste Management
Waste Management
 
Waste management
Waste managementWaste management
Waste management
 
Product Issues In Distribution Channel Design & Management
Product Issues In Distribution Channel Design & ManagementProduct Issues In Distribution Channel Design & Management
Product Issues In Distribution Channel Design & Management
 
Solid Waste Management in garments industries in Bangladesh.
Solid Waste Management in garments industries in Bangladesh.Solid Waste Management in garments industries in Bangladesh.
Solid Waste Management in garments industries in Bangladesh.
 
NC Programming
NC ProgrammingNC Programming
NC Programming
 
Waste Management
Waste Management  Waste Management
Waste Management
 
Waste Management in Garment Industries
Waste Management in Garment IndustriesWaste Management in Garment Industries
Waste Management in Garment Industries
 
Channel design and modification decisions
Channel design and modification decisionsChannel design and modification decisions
Channel design and modification decisions
 
Presentation on bag project web post 6.6.14
Presentation on bag project web post 6.6.14Presentation on bag project web post 6.6.14
Presentation on bag project web post 6.6.14
 
Industrial waste
Industrial wasteIndustrial waste
Industrial waste
 
Quality circles
Quality circlesQuality circles
Quality circles
 
Technology of Plastic Processing Industries
Technology of Plastic Processing IndustriesTechnology of Plastic Processing Industries
Technology of Plastic Processing Industries
 
Production Technology
Production TechnologyProduction Technology
Production Technology
 
Introduction to Management of Technology
Introduction to Management of TechnologyIntroduction to Management of Technology
Introduction to Management of Technology
 
Acceptance sampling
Acceptance samplingAcceptance sampling
Acceptance sampling
 

Similar to Production and operations management

UNIT-I.ppt
UNIT-I.pptUNIT-I.ppt
UNIT-I.pptmahe49
 
PPC-Unit I- INTRODUCTION OF PRODUCTION PLANNING AND CONTROL
PPC-Unit I- INTRODUCTION OF PRODUCTION PLANNING AND CONTROL PPC-Unit I- INTRODUCTION OF PRODUCTION PLANNING AND CONTROL
PPC-Unit I- INTRODUCTION OF PRODUCTION PLANNING AND CONTROL Dr.PERIASAMY K
 
Introduction to production planning and control
Introduction to production planning and controlIntroduction to production planning and control
Introduction to production planning and controlMohanKirthik
 
Chapter 1
Chapter 1Chapter 1
Chapter 1sachin
 
Production and Operations Management
Production and Operations ManagementProduction and Operations Management
Production and Operations ManagementNishant Agrawal
 
Introduction to Industrial Engineering.pptx
Introduction to Industrial Engineering.pptxIntroduction to Industrial Engineering.pptx
Introduction to Industrial Engineering.pptxJanak Suthar
 
production and operation management.pdf
production and operation management.pdfproduction and operation management.pdf
production and operation management.pdfProdiManufakturPolib
 
Kingsleys Power Point Presentation on Operations Management.pptx
Kingsleys Power Point Presentation on Operations Management.pptxKingsleys Power Point Presentation on Operations Management.pptx
Kingsleys Power Point Presentation on Operations Management.pptxKingsley Aduma
 
Production planning & control & Forecasting
Production planning & control & ForecastingProduction planning & control & Forecasting
Production planning & control & ForecastingJenıstön Delımä
 
Industrial Engineering unit 4.Production planning and control Notes by badebhau.
Industrial Engineering unit 4.Production planning and control Notes by badebhau.Industrial Engineering unit 4.Production planning and control Notes by badebhau.
Industrial Engineering unit 4.Production planning and control Notes by badebhau.Er. Bade Bhausaheb
 
Production preparation process 3P
Production preparation process  3PProduction preparation process  3P
Production preparation process 3Pcobexindia
 
ent300_module09.ppt
ent300_module09.pptent300_module09.ppt
ent300_module09.pptmplrivigo
 

Similar to Production and operations management (20)

What is Industial Engineering
What is Industial EngineeringWhat is Industial Engineering
What is Industial Engineering
 
UNIT-I.ppt
UNIT-I.pptUNIT-I.ppt
UNIT-I.ppt
 
PPC-Unit I- INTRODUCTION OF PRODUCTION PLANNING AND CONTROL
PPC-Unit I- INTRODUCTION OF PRODUCTION PLANNING AND CONTROL PPC-Unit I- INTRODUCTION OF PRODUCTION PLANNING AND CONTROL
PPC-Unit I- INTRODUCTION OF PRODUCTION PLANNING AND CONTROL
 
Introduction to production planning and control
Introduction to production planning and controlIntroduction to production planning and control
Introduction to production planning and control
 
PPC-Unit-1Godwin.ppt
PPC-Unit-1Godwin.pptPPC-Unit-1Godwin.ppt
PPC-Unit-1Godwin.ppt
 
Chapter 1
Chapter 1Chapter 1
Chapter 1
 
Om ibs-1
Om ibs-1Om ibs-1
Om ibs-1
 
Production and Operations Management
Production and Operations ManagementProduction and Operations Management
Production and Operations Management
 
Introduction to Industrial Engineering.pptx
Introduction to Industrial Engineering.pptxIntroduction to Industrial Engineering.pptx
Introduction to Industrial Engineering.pptx
 
production and operation management.pdf
production and operation management.pdfproduction and operation management.pdf
production and operation management.pdf
 
Kingsleys Power Point Presentation on Operations Management.pptx
Kingsleys Power Point Presentation on Operations Management.pptxKingsleys Power Point Presentation on Operations Management.pptx
Kingsleys Power Point Presentation on Operations Management.pptx
 
Production planning & control & Forecasting
Production planning & control & ForecastingProduction planning & control & Forecasting
Production planning & control & Forecasting
 
Industrial Engineering unit 4.Production planning and control Notes by badebhau.
Industrial Engineering unit 4.Production planning and control Notes by badebhau.Industrial Engineering unit 4.Production planning and control Notes by badebhau.
Industrial Engineering unit 4.Production planning and control Notes by badebhau.
 
Production preparation process 3P
Production preparation process  3PProduction preparation process  3P
Production preparation process 3P
 
Ent300 Module09
Ent300 Module09Ent300 Module09
Ent300 Module09
 
Itb Chap 13
Itb Chap 13Itb Chap 13
Itb Chap 13
 
Production cycle
Production cycleProduction cycle
Production cycle
 
Ppc New
Ppc NewPpc New
Ppc New
 
ent300_module09.ppt
ent300_module09.pptent300_module09.ppt
ent300_module09.ppt
 
001233
001233001233
001233
 

More from Shilpi Panchal

Organisational culture
Organisational cultureOrganisational culture
Organisational cultureShilpi Panchal
 
Organisational Climate
Organisational ClimateOrganisational Climate
Organisational ClimateShilpi Panchal
 
Groups In Organisations & Group Dynamics
Groups In Organisations & Group DynamicsGroups In Organisations & Group Dynamics
Groups In Organisations & Group DynamicsShilpi Panchal
 
Formulating Hypotheses
Formulating Hypotheses Formulating Hypotheses
Formulating Hypotheses Shilpi Panchal
 
Environment management- ECOSYSTEMS
Environment management- ECOSYSTEMSEnvironment management- ECOSYSTEMS
Environment management- ECOSYSTEMSShilpi Panchal
 
ORGANISATIONAL CHANGE & STRESS MANAGEMENT
ORGANISATIONAL CHANGE & STRESS MANAGEMENTORGANISATIONAL CHANGE & STRESS MANAGEMENT
ORGANISATIONAL CHANGE & STRESS MANAGEMENTShilpi Panchal
 
Budget, Budgeting & budgetary control
Budget, Budgeting & budgetary controlBudget, Budgeting & budgetary control
Budget, Budgeting & budgetary controlShilpi Panchal
 
Budget, Budgeting & budgetary control
Budget, Budgeting & budgetary controlBudget, Budgeting & budgetary control
Budget, Budgeting & budgetary controlShilpi Panchal
 

More from Shilpi Panchal (16)

Sampling design ppt
Sampling design pptSampling design ppt
Sampling design ppt
 
Sample method
Sample methodSample method
Sample method
 
Research
ResearchResearch
Research
 
Organisational culture
Organisational cultureOrganisational culture
Organisational culture
 
Organisational Climate
Organisational ClimateOrganisational Climate
Organisational Climate
 
Johari window
Johari windowJohari window
Johari window
 
Inventory management
Inventory managementInventory management
Inventory management
 
Groups In Organisations & Group Dynamics
Groups In Organisations & Group DynamicsGroups In Organisations & Group Dynamics
Groups In Organisations & Group Dynamics
 
Formulating Hypotheses
Formulating Hypotheses Formulating Hypotheses
Formulating Hypotheses
 
Environment management- ECOSYSTEMS
Environment management- ECOSYSTEMSEnvironment management- ECOSYSTEMS
Environment management- ECOSYSTEMS
 
Cost accounting
Cost accountingCost accounting
Cost accounting
 
ORGANISATIONAL CHANGE & STRESS MANAGEMENT
ORGANISATIONAL CHANGE & STRESS MANAGEMENTORGANISATIONAL CHANGE & STRESS MANAGEMENT
ORGANISATIONAL CHANGE & STRESS MANAGEMENT
 
CASH MANAGEMENT
CASH MANAGEMENTCASH MANAGEMENT
CASH MANAGEMENT
 
Conflicts
Conflicts Conflicts
Conflicts
 
Budget, Budgeting & budgetary control
Budget, Budgeting & budgetary controlBudget, Budgeting & budgetary control
Budget, Budgeting & budgetary control
 
Budget, Budgeting & budgetary control
Budget, Budgeting & budgetary controlBudget, Budgeting & budgetary control
Budget, Budgeting & budgetary control
 

Recently uploaded

internship thesis pakistan aeronautical complex kamra
internship thesis pakistan aeronautical complex kamrainternship thesis pakistan aeronautical complex kamra
internship thesis pakistan aeronautical complex kamraAllTops
 
The Psychology Of Motivation - Richard Brown
The Psychology Of Motivation - Richard BrownThe Psychology Of Motivation - Richard Brown
The Psychology Of Motivation - Richard BrownSandaliGurusinghe2
 
How Software Developers Destroy Business Value.pptx
How Software Developers Destroy Business Value.pptxHow Software Developers Destroy Business Value.pptx
How Software Developers Destroy Business Value.pptxAaron Stannard
 
Agile Coaching Change Management Framework.pptx
Agile Coaching Change Management Framework.pptxAgile Coaching Change Management Framework.pptx
Agile Coaching Change Management Framework.pptxalinstan901
 
International Ocean Transportation p.pdf
International Ocean Transportation p.pdfInternational Ocean Transportation p.pdf
International Ocean Transportation p.pdfAlejandromexEspino
 
Safety T fire missions army field Artillery
Safety T fire missions army field ArtillerySafety T fire missions army field Artillery
Safety T fire missions army field ArtilleryKennethSwanberg
 
Reviewing and summarization of university ranking system to.pptx
Reviewing and summarization of university ranking system  to.pptxReviewing and summarization of university ranking system  to.pptx
Reviewing and summarization of university ranking system to.pptxAss.Prof. Dr. Mogeeb Mosleh
 
W.H.Bender Quote 62 - Always strive to be a Hospitality Service professional
W.H.Bender Quote 62 - Always strive to be a Hospitality Service professionalW.H.Bender Quote 62 - Always strive to be a Hospitality Service professional
W.H.Bender Quote 62 - Always strive to be a Hospitality Service professionalWilliam (Bill) H. Bender, FCSI
 
Strategic Management, Vision Mission, Internal Analsysis
Strategic Management, Vision Mission, Internal AnalsysisStrategic Management, Vision Mission, Internal Analsysis
Strategic Management, Vision Mission, Internal Analsysistanmayarora45
 
Marketing Management 16th edition by Philip Kotler test bank.docx
Marketing Management 16th edition by Philip Kotler test bank.docxMarketing Management 16th edition by Philip Kotler test bank.docx
Marketing Management 16th edition by Philip Kotler test bank.docxssuserf63bd7
 
Beyond the Codes_Repositioning towards sustainable development
Beyond the Codes_Repositioning towards sustainable developmentBeyond the Codes_Repositioning towards sustainable development
Beyond the Codes_Repositioning towards sustainable developmentNimot Muili
 
digital Human resource management presentation.pdf
digital Human resource management presentation.pdfdigital Human resource management presentation.pdf
digital Human resource management presentation.pdfArtiSrivastava23
 
Leaders enhance communication by actively listening, providing constructive f...
Leaders enhance communication by actively listening, providing constructive f...Leaders enhance communication by actively listening, providing constructive f...
Leaders enhance communication by actively listening, providing constructive f...Ram V Chary
 
Dealing with Poor Performance - get the full picture from 3C Performance Mana...
Dealing with Poor Performance - get the full picture from 3C Performance Mana...Dealing with Poor Performance - get the full picture from 3C Performance Mana...
Dealing with Poor Performance - get the full picture from 3C Performance Mana...Hedda Bird
 
Independent Escorts Vikaspuri / 9899900591 High Profile Escort Service in Delhi
Independent Escorts Vikaspuri  / 9899900591 High Profile Escort Service in DelhiIndependent Escorts Vikaspuri  / 9899900591 High Profile Escort Service in Delhi
Independent Escorts Vikaspuri / 9899900591 High Profile Escort Service in Delhiguptaswati8536
 

Recently uploaded (17)

internship thesis pakistan aeronautical complex kamra
internship thesis pakistan aeronautical complex kamrainternship thesis pakistan aeronautical complex kamra
internship thesis pakistan aeronautical complex kamra
 
The Psychology Of Motivation - Richard Brown
The Psychology Of Motivation - Richard BrownThe Psychology Of Motivation - Richard Brown
The Psychology Of Motivation - Richard Brown
 
How Software Developers Destroy Business Value.pptx
How Software Developers Destroy Business Value.pptxHow Software Developers Destroy Business Value.pptx
How Software Developers Destroy Business Value.pptx
 
Agile Coaching Change Management Framework.pptx
Agile Coaching Change Management Framework.pptxAgile Coaching Change Management Framework.pptx
Agile Coaching Change Management Framework.pptx
 
International Ocean Transportation p.pdf
International Ocean Transportation p.pdfInternational Ocean Transportation p.pdf
International Ocean Transportation p.pdf
 
Safety T fire missions army field Artillery
Safety T fire missions army field ArtillerySafety T fire missions army field Artillery
Safety T fire missions army field Artillery
 
Intro_University_Ranking_Introduction.pptx
Intro_University_Ranking_Introduction.pptxIntro_University_Ranking_Introduction.pptx
Intro_University_Ranking_Introduction.pptx
 
Reviewing and summarization of university ranking system to.pptx
Reviewing and summarization of university ranking system  to.pptxReviewing and summarization of university ranking system  to.pptx
Reviewing and summarization of university ranking system to.pptx
 
W.H.Bender Quote 62 - Always strive to be a Hospitality Service professional
W.H.Bender Quote 62 - Always strive to be a Hospitality Service professionalW.H.Bender Quote 62 - Always strive to be a Hospitality Service professional
W.H.Bender Quote 62 - Always strive to be a Hospitality Service professional
 
Strategic Management, Vision Mission, Internal Analsysis
Strategic Management, Vision Mission, Internal AnalsysisStrategic Management, Vision Mission, Internal Analsysis
Strategic Management, Vision Mission, Internal Analsysis
 
Marketing Management 16th edition by Philip Kotler test bank.docx
Marketing Management 16th edition by Philip Kotler test bank.docxMarketing Management 16th edition by Philip Kotler test bank.docx
Marketing Management 16th edition by Philip Kotler test bank.docx
 
Beyond the Codes_Repositioning towards sustainable development
Beyond the Codes_Repositioning towards sustainable developmentBeyond the Codes_Repositioning towards sustainable development
Beyond the Codes_Repositioning towards sustainable development
 
Abortion pills in Jeddah |• +966572737505 ] GET CYTOTEC
Abortion pills in Jeddah |• +966572737505 ] GET CYTOTECAbortion pills in Jeddah |• +966572737505 ] GET CYTOTEC
Abortion pills in Jeddah |• +966572737505 ] GET CYTOTEC
 
digital Human resource management presentation.pdf
digital Human resource management presentation.pdfdigital Human resource management presentation.pdf
digital Human resource management presentation.pdf
 
Leaders enhance communication by actively listening, providing constructive f...
Leaders enhance communication by actively listening, providing constructive f...Leaders enhance communication by actively listening, providing constructive f...
Leaders enhance communication by actively listening, providing constructive f...
 
Dealing with Poor Performance - get the full picture from 3C Performance Mana...
Dealing with Poor Performance - get the full picture from 3C Performance Mana...Dealing with Poor Performance - get the full picture from 3C Performance Mana...
Dealing with Poor Performance - get the full picture from 3C Performance Mana...
 
Independent Escorts Vikaspuri / 9899900591 High Profile Escort Service in Delhi
Independent Escorts Vikaspuri  / 9899900591 High Profile Escort Service in DelhiIndependent Escorts Vikaspuri  / 9899900591 High Profile Escort Service in Delhi
Independent Escorts Vikaspuri / 9899900591 High Profile Escort Service in Delhi
 

Production and operations management

  • 2. Of
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13. Functions of Production Management/ Production Manager: Product design and development. Facilities location Facilities layout and handling systems Method study and work measurement Production forecasting Production planning and scheduling Materials and inventory management Quality control Functions of Production Management/ Production Manager: Product design and development. Facilities location Facilities layout and handling systems Method study and work measurement Production forecasting Production planning and scheduling Materials and inventory management Quality control
  • 14. Production Function O = f { I1 + I2 + I3 + ………………In} O is the quantity of output I1 + I2 + I3 + ………………In are the quantity of inputs The efficiency of Production process depends on three factors: 1.The quantities of different inputs used in the process 2.The quantities of output 3.The productivity of each input
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 23.
  • 24.
  • 26.
  • 27.
  • 28. Flow or Continuous Production