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Discussion :: Industrial Engineering and Prod'n Mgmt

  1. If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Halsey 50-50 plan, wages for the job will be

    2. A.

     TR
    B.

     TR + [(S - T)/2] × R
    C.

     TR + (S - T) × R
    D.

     TR + [(S - T)/S] × R

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    Answer : Option B

    Explanation :

    If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Halsey 50-50 plan, wages for the job will be TR + [(S - T)/2] × R

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