A Procedure for an Economic Comparison of Work Measurement Techniques, Part I: The Model

1 September 1979

journal article
research article
Published by Taylor & Francis in A I I E Transactions

Vol. 11 (3) , 229-236
https://doi.org/10.1080/05695557908974464

Abstract

A procedure is developed whereby an organization is able to determine, within the constraints of its own practices and environment, the most economical work measurement technique to use in studying a particular work operation. Application of the Delphi Method permits the costs and benefits of each available technique to be estimated. An economic model is then developed to determine the expected net present value of any given labor standard established by any of the available work measurement techniques.

Keywords

This publication has 3 references indexed in Scilit:

An Experimental Application of the DELPHI Method to the Use of Experts
Management Science, 1963
On the Exact Variance of Products
Journal of the American Statistical Association, 1960
On the Epistemology of the Inexact Sciences
Management Science, 1959