Industrial Engineering and Production Management
One of the basic essentials of an incentive plan is that

Provide incentive to group efficiency performance
Minimum wages should be guaranteed
A differential piece rate system should exist
All standards should be based on time studies

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Industrial Engineering and Production Management
In queuing theory, the nature of the waiting situation can be studied and analysed mathematically if

Complete details of items in, waiting line are known
Arrival and waiting times are known and can be grouped to form a waiting line model
The laws governing arrivals, service times, and the order in which the arriving units are taken into source are known
All variables and constants are known and form a linear equation

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Industrial Engineering and Production Management
Under the Apprenticeship Act

All industries have to necessarily train the apprentices
Only industries employing more than 500 workers have to recruit apprentices
All industries employing more than 100 workers have to recruit apprentices
Industries have to train apprentices according to their requirement

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