TXL222
| TXL222 | |
|---|---|
| and TXL232 | |
| Credits | 4 |
| Structure | 3-1-0 |
| Pre-requisites | EC75 |
| Overlaps | |
TXL222 : and TXL232
[edit]Importance of costing. Material costing in textile industry. Methods of inventory costing. Economic order quantity, price discount, safety stock, lead time. Allocation of labour cost-shift premium, overtime, idle time, rush orders in garment industry. Allocation of overheads in composite mills. Job order costing in garment industry. Economic batch quantity. Process costing in mill. Unit cost of yarns, fabric and processing. Joint and by-product costing. Absorption costing. Variable costing for decision making. Profit planning in textile industry, variation of price, costs etc., breakeven capacity. Standard costs of fibres, yarns, labour etc. HOK, OHS, UKG etc. Cost variance analysis-iteration of actual costs of fibre, labour and overhead with respect to standard costs. Work allocation to spinner. Balancing of machine for optimizing product mix in a spinning mill. Financial information-balance sheet, profit/loss account, balance sheet. Ratio analysis. TXL382 Applied Statistics for Textile Engineers Credits 3 (3-0-0) Overlap with: MSL719 Techniques of sampling, random sampling, stratified sampling, systematic sampling, cluster sampling. Descriptive statistics, frequency distribution, histogram, stem and leaf plot, box plot, measures of central tendency, measures of dispersion. Probability distributions, basics of probability, hypergeometric, binomial, poisson, normal exponential, Chi-square, F, and t distributions, joint probability distribution, central limit theorem, probability plot, goodness-of-fit tests. Inferential statistics, point and interval estimations of population parameters, statistical test of hypothesis. Concept of correlation, types of correlation, index of correlation, rank correlation, partial correlation. Simple linear regression, least square method, estimation of regression coefficient, prediction of new observations, residual analysis. Acceptance sampling plans for attributes and variables, single- and double- sampling plans. Operating characteristic curve, acceptable quality level, rejectable quality level. Control charts, Shewhart control charts for variables and attributes, CUSUM control chart, moving average control chart, process capability analysis. Use of statistical software packages. Practical textile applications with examples.