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OM 0017 — ADVANCED PRODUCTION AND PLANNING CONTROL -4 CREDITS

Dear Students,

SMU MBA Summer 2014 Assignments are available. For Booking ,Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420  or S M S your “ Email ID ” us in the following Format  “  On +91 9995105420 we will reach back you with in 24H ”

 

MBA OPERATIONS MANAGEMENT

SEMESTER 4

OM 0017 — ADVANCED PRODUCTION AND PLANNING CONTROL -4 CREDITS

(BOOK ID B1342)

ASSIGNMENT-60 MARKS

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

Q1. A large number of forecasting methods are available. Discuss the categories/classification of forecasting methods.

(Opinion and judgmental (Predictive) methods : Explanation- 0.5 marks; Methods under this category- 4 marks, Time series methods or quantitative methods Explanation- 0.5 marks; Methods under this category- 5 marks) 10 marks

Answer.

Classification of Forecasting Methods

 

A large number of forecasting methods are available. Forecasting methods can be broadly divided into two categories namely:

 

a) Opinion and judgmental (Predictive) methods

 

Q2. Explain how economic order quantity can be calculated by Model 1: EOQ with Uniform Rate of Demand and Instantaneous Replenishment.

(Type of model and how it is developed-1 mark; Assumptions of the model — 2 marks; Graphical representation of the varying inventory level with time (along with explanation)- 3 marks; Formulae for(Total annual inventory cost, Total annual ordering cost ,Total Annual Holding Cost)- 2 marks; Determination of EOQ for Model 1 — 2 marks) 10 marks

Answer.

 

Types of Models:  An appropriate inventory model can be selected through the new classification system. The classification of inventory models is based on the salient features of inventory. This system of classification enables practitioners to understand inventory models and choose the best model for a given set of inventory conditions. Various

Dear Students,

SMU MBA Summer 2014 Assignments are available. For Booking ,Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420  or S M S your “ Email ID ” us in the following Format  “  On +91 9995105420 we will reach back you with in 24H ”

 

Q3. The priority rule is a systematic procedure for assigning priorities for awaiting jobs. The common problem faced in most of the companies is assigning priority with respect to the job on hand for production. When there is a set of orders to be executed, the question of prioritizing arises. Priority rules give the solution to the priority problems faced by companies. Explain in brief about priority rules for scheduling? (Major criteria for selecting priority rules- 1.75 marks; classification of priority rules — 1.25 marks; definition of major criteria rules- 4.5 marks; definition of priority criteria rules — 2.5 marks) 10 marks

Answer.

 

Following are the major criteria for selecting priority rules:

  • Set up costs.
  • Idle time of machine and labor.
  • In-process inventory.

 

Q4. A Flexible Manufacturing System (FMS) is a manufacturing system comprising a set of similar and/or corresponding numerically controlled machines, which are connected through an automated transportation system. What are the fundamental building blocks and benefits of FMS?

(Workstations.(explanation and list of various workstations) — 2 marks; Automated Material Handling and Storage system.(explanation and functions) — 2 marks; Computer Control System.(explanation and functions) — 2 marks; Potential benefits (tangible and intangible) of establishing FMS- 4 marks) 10 marks 

Answer.

 

 Fundamental Building Blocks/Elements of FMS

 

Before discussing the fundamental building blocks of FMS, let us discuss about the number of machines which an FMS consists. FMS consists of more than one machine. Many of these machines, which are of CNC type, operate under integrated computer control.  The various equipments and their functions required for FMS are:

 

Q5. Supply chain management is essential for the success of every company and to satisfy customer demand. Supply chain management plays a critical role in the success of the company. Supply chain management is equipped to deal with anything from flow of products to unexpected natural disasters. Supply chain management diagnoses the problem and innovatively works around the problems. Explain the impact Supply chain management has on business.

(Explanation of impact on business Reduce operating costs — 3 marks; Improve financial position- 3 marks ; Boost customer service — 3 marks; conclusion -1 mark) 10 marks

Answer.

The impact supply chain management has on business: Supply chain management is essential for the success of every company and to satisfy customer demand. Supply chain management plays a critical role in the success of the company. Supply chain management is equipped to deal with anything from flow of products to unexpected natural disasters. Supply chain management diagnoses the problem and innovatively works around the problems. It helps in bringing out an effective solution for various problems in production.  Supply chain management has the following

 

Q6. Quality Planning is defined as a “Systematic process that translates the quality policy into measurable objectives and requirements, and lays down a sequence of steps for realizing them within a specified timeframe.” Explain the elements associated with quality plan. (Explanation of: What needs to be checked? — 2 marks; What is the most suitable way to check? – 2.5 marks; When should the check be carried out? — 2 marks; Who should be involved in the checking?- 1 mark; What quality materials should be used?- 2.5 marks) 10 marks

Answer.

 

Quality Planning

 

Quality Planning is defined as a “Systematic process that translates the quality policy into measurable objectives and requirements, and lays down a sequence of steps for realizing them within a specified timeframe.”  Any quality plan will have the following elements associated with it.

Dear Students,

SMU MBA Summer 2014 Assignments are available. For Booking ,Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420  or S M S your “ Email ID ” us in the following Format  “  On +91 9995105420 we will reach back you with in 24H ”

 

 

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