Importance of Decision making for Organizational Functioning Organizations with different structures and functioning in different environments are to be managed. The maximum activity of the management is to make numerous decisions which can be either simple or complex in nature and can have a high or a low impact. Decisions of all types and sizes …
Read MoreRolling of Steel Plates in a Plate Rolling Mill Plate steel is defined as a flat, as-rolled or heat treated product of thickness of at least 5 mm and width of at least 1,200 mm. Plate steel is widely used steel product. It falls normally in the categories of carbon steel, high strength low alloy …
Read MorePressure Vessels A pressure vessel is defined as a container. Tanks, vessels, and pipelines which carry, store, or receive fluids are called pressure vessel. They are closed vessels which are capable of storing a pressurized fluid, and have a pressure differential between inside and outside, regardless of their shape and dimensions. Normally the pressure inside …
Read MoreRole of Control in the Functioning of Organization In the olden days, the most important control in the organization used to be the accounting related control. In the present day environment, control is a broader concept than the cost accounting. The present day organization interacts and communicates with a wide range of different stakeholders. For …
Read MoreHistorical Development of Rolling Mills In metalworking, rolling is a metal forming process in which metal is passed through one or more pairs of rolls to reduce the thickness, to make the thickness uniform, to give it a desired shape, and / or to impart a desired mechanical property. In rolling, work material is deformed by compressive forces between constantly spinning rolls. In other …
Read MoreHot Blast Stoves High temperature of the air blast blown in the blast furnace has been and remains one of the most important parameters which determine the economic efficiency of the blast-furnace operation. Increase of the air blast temperature reduces the consumption of expensive coke and normally improves blast furnace performance. The hot blast air …
Read MoreRole of Ethics in Organizational Functioning An organization is generally defined as a group, in number from two people to tens of thousands of people, who intentionally aims to accomplish a shared common goal or a set of goals. In order to achieve shared goals, the organization acts as a system composed of (i) inputs …
Read MoreContribution of Steel to the Circular Economy There are two types of economies which exist around the world. These are (i) linear economy, (ii) circular economy. A circular economy is an alternative to a traditional linear economy in which the resources are kept in use for as long as possible, extracting the maximum value from …
Read MoreSpark Testing of Steels The spark testing of steel is a useful method for identifying the type of steel. It has capabilities of determining the relative carbon content of the steels. Spark test is a simple identification test which is used to observe the colour, spacing, quantity, and quality of sparks produced by grinding of steel …
Read MoreMarketing Concepts and Comparison with Selling Concepts Marketing constitutes one of the important functions of an organization. Along with production, finance and accounting, human resource management, research and development, purchase and stores, and numerous other functions, marketing contributes to the ability of the organization to succeed. The marketing concepts hold that the key for the …
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