What is meant by cost absorption and cost apportionment? Discuss the methods of cost absorption and state which method do you consider to be the best and why?
What do you understand by plantation to which the plantation Labour Act would be applicable? What are the provisions relating to health in the plantation?
“The primary function of maintenance management is to ensure the availability of the plant and equipment.” However intrinsic to this requirement is the necessity to provide maximum reliability and safety. Explain the maintenance techniques for safety and environmental improvements.
Explain one component redundancy yields higher reliability than unit redundancy. For the general case of an n-component series system, prove that it is true.