Professor Narayana Rao, K.V.S.S. is currently a professor at NITIE, Mumbai. He is presently teaching basics of industrial engineering to post graduate students in industrial engineering and management, research methodology, and review of research in management to fellow students.
His significant contributions include recommending MRP implementation in production planning system of Bharat Bijlee Limited in 1979 which was further explored by the company.
His Ph.D thesis "Return on Equity Shares in India during 1953 to 1987" was a timely topic, the findings of which were covered in textbooks for Prof. L.M. Bhole (Guide) and Prof Prasanna Chandra (Examiner). The results were also reviewed by the IIMA professors as a part of their paper on review of research on capital markets in India.
As a faculty at NITIE,.he examined the relevance of industrial engineering and published number of papers to bring out its basic focus. It resulted in the development of explanation of industrial engineering as "system efficiency engineering and human effort engineering." This explanation appeared in Industrial Engineering Magazine of IIE, USA.
Graham - Rao Method of evaluating equity shares in India is his contribution in the area of his research Security Analysis.
A practical implementation of Markowitz Method on individual shares was another development work that he has undertaken. Broking companies all over the world do publish model portfolios but they are not using portfolio theory. This development makes this application possible.
He pointed out the lack of covered of industrial engineering in management textbooks through a conference and advocates that MBA curriculums must have a paper on Industrial Engineering.
He strongly argued in favor of using industrial engineering in systems design right from the initial design itself and he called this activity as system industrial engineering. Systems engineering profession has to recognize industrial engineering as a specialized engineering that needs to be done during the system design phase.
He also pointed out that employee involvement was a primary theme of industrial engineering along with management attention to development and design of work processes. There is a need for Organization Behavior scholars to harmonize their research and theory with the theory of industrial engineering so that the role of management and involvement of individual in work process development is presented as a cooperative endeavor that industrial engineering profession advocated. But whenever an scientific discovery takes and new engineering developments emerge, the role of design shifts to engineers and managers in a significant way. It is only after sometime, based on practice of the new process that operators start giving improvement ideas of significance. Every process after a totally new design or radical new design enters into operator initiated continuous improvement phase.
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