This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 Excerpt: ...less economical, but it was obtained from stock and was running within 16 days from the day of decision. The saving in value of mill time was estimated to be such that it would offset the difference in fuel consumption of the two engines for 23 years, a period longer than the conservatively estimated life of either ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 Excerpt: ...less economical, but it was obtained from stock and was running within 16 days from the day of decision. The saving in value of mill time was estimated to be such that it would offset the difference in fuel consumption of the two engines for 23 years, a period longer than the conservatively estimated life of either machine. When a " run down " concern is taken in hand for rehabilitation, those improvements first made should be, generally, the ones which will effect the greatest savings. Encouragement is thus given those who are supplying the money. Naturally, however, considerations of cost reduction may have to give way to those of safety or surety of operation. It is necessary to " keep things running" whether we reduce costs or not. An improvement looking toward cost economy, to be attractive, must produce a return at least equal to the profits made on the business as a whole. If it will not do this, the money might better be spent in simply enlarging the business. The exception should be made, however, that in a business subject to great fluctuations, cost reducing improvements might be preferable to extensions because they place the industry in a more strategic competitive position. No one wishes to derive his whole income from low-yielding government bonds; but a few such bonds mixed with a variety of securities makes the whole mass regarded as better collateral. Two points should be especially watched in connection with improvement expenditures: preliminary estimates should cover the entire cost of the improvement and related undertakings; and costs should be totaled frequently during construction so that early warning may be had in case they are exceeding estimates. The Manager As A Watchdog The manager virtually holds the proper...
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Add this copy of Works Management to cart. $50.56, new condition, Sold by Media Smart rated 4.0 out of 5 stars, ships from Hawthorne, CA, UNITED STATES, published 2019 by Wentworth Press.
Add this copy of Works Management to cart. $58.41, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2019 by Wentworth Press.
