Industrial Engineering

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WHAT ARE SOME OF THE TOPICS THE INDUSTRIAL ENGINEER STUDIES? (Part IV)

WHAT ARE SOME OF THE TOPICS THE INDUSTRIAL ENGINEER STUDIES? (Part IV)
Set-Up Times
Set up time is the amount of time it takes to begin producing different parts on a machine. If set-up times remain large the company will operate with high levels of work in progress and finished goods tying up the companies valuable capital. Companies that fail to reduce their set-up times have a tendency to look sluggish in regards to their customers.
Cost
An IE will generally be responsible for coming up with a cost analysis on the equipment purchase. There are a several ways of coming up with this. Lifehow long the machine is expected to last when developing the cost analysis.
Efficiency
The traditional way of looking at efficiency was to keep the machine running at a 100%. The idea was the cost of the machine could be spread out over the amount of time it was kept running. The higher the machines efficiency, time running / time available, the better the accounting numbers looked in regards to machine cost.

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