Time study
It was proposed by Frederick Taylor and later modified to include a performance rating (PR) adjustment.
Once the method is established, the next objective is to set the standard time for the work. This aspect of work study is called Time study (or Work measurement).
The main objectives of time study are:
1) To determine the standard time for various operations which helps in fixing wage rates and incentives.
2) To estimate the cost of product accurately.
3) To predict accurately the duration for a particular work and customer is promised accordingly.
4) To determine the number of machines an operator can run.
5) To determine the optimum number of men and machine.
6) To provide information for planning and scheduling.
7) To balance the work of all workers working in a group.
8) To compare the work efficiency of different workers/operators.
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