IIT BHU Varanasi Syllabus
Industrial Economics & Factory Management
Industrial Economics & Factory Management
Types of accounts, book keeping, single entry and double entry, trading account, profit and loss account and
balance-sheet, cost accounting and cost control. Economic laws, increasing and diminishing return, utility, total and
marginal, forms of business organization, private, partnership, joint stock companies and cooperative societies,
limited and unlimited liabilities, shares, debentures, bonds, valuation and depreciation. Fixed cost and variable cost,
business, principle of management, management process schools, human factors, management by objective. Type of
organization charts.
Materials management: purchase, inventory, control, ABC analysis, break even analysis, stores, sales and material
handling, S.Q.C. and standardization, PERT and planning. Site selection and factory layout.