Skip to main content

MANAGEMENT FOR MACHINES AND MATERIAL

POST GRADUATE DIPLOMA IN FINANCIAL


MARKET PRACTICE


Term-End Examination


June 2010


MS-5: MANAGEMENT FOR MACHINES AND MATERIAL



Time: 3 hours                                                                                  Maximum Marks: 100


                                                                                                                  ( Weighting 70%)


 


Note:     Section-A Has five questions that carry 20 marks each. Attempt any three

              question from this section. Section –B is compulsory and carry 40 marks

SECTION – A





  1. (a) Why do the "proper" operations strategy keep changing for companies that are world-class competitors?        10+10


(b) Some suggest that customer expectation is the key to service success. Give and example from your own experience to support or refute this assertion.

  1. (a) "You don't inspect quality into a product; you have to build it in". Discuss the


implications of this statement.       10+10

(b) Find the economic order quantity and the reorder point, given the following data:

Annual demand (D) = 1000 units. Ordering cost (S) = Rs. 50 per order.  Holding cost (H) = Rs. 12.50 per unit per year Cost per unit (C) = Rs. 125.00. Lead time (L) = 5 days. Assume 250 working days in a year.

  1. (a) Why are work measurement and time study activities still necessary today?


(b) A company that produces pleasure boats has decided to expand one of its line.Current facilities are insufficient to handle the increased workload, so the company is considering three alternatives, A (new location), B (subcontract), and C (expand existing facilities). Alternative A would involve substantial fixed costs but relatively low variable costs: fixed costs would be Rs. 25,000,00 per year and variable costs would be Rs. 5000 per boat.    10+10

Subcontracting would involve a cost per boat of Rs. 25,000 and expansion would require an annual fixed cost of Rs. 5,00,000 and a variable cost of Rs. 10,000 per boat.

  • For what range of output would each alternative yield the lowest total cost?

  • Which alternate would yield the lowest total cost for an expected annual volume of 150 boats?



  1. (a) How does the role of a project manager differ from that of a traditional


functional manager ?        10+10

(b) An industrial engineer conducts a time study on an operator and determines that a specific task takes about two minutes to complete. The engineer estimates that the particular operator that she is observing is working about 20 percent faster than normal. The company has an allowance factor of 15 percent of job  time for personal needs, delays, and fatigue. Calculate the standard time for this task.

  1. (a) Explain value engineering giving its area of application in some industry which you are aware of.                 10+10


(b) There are seven jobs that must be processed in two operations. A and B.All seven jobs must go through A and B in that sequence A first, then B.

Determine the optimal order in which the jobs should be sequenced. through the process using these times.

Job      Process A       Process B

Time               Time

1            9                      6

2             8                      5

3            7                      7

4            6                      3

5            1                      2

6            2                      6

7            4                      7

  • Draw a graph similar to the solved problems showing the sequence of jobs.

  • What is the total completion time for all seven jobs?


 



SECTION – B




  1. The following activities are part of a project to be scheduled using CPM: 4x5=20


Activity         Intermediate              Time

                       Predecessor               (weeks)

A                           -                                 6

B                          A                                3

C                          A                                7

D                          C                                2

E                         B, D                             4

F                           D                                3

G                        E, F                              7

  • Draw the network

  • What is the critical path?

  • How many weeks will it take to complete the project?

  • How much slack does activity B have?



  1. Write short notes on any four of the following:               4x5=20



  • Preventive Maintenance

  • Automated storage/retrieval

  • CAD/CAM

  • ABC Analysis

  • Tero Technology

  • LIFO system


 
Labels:

Comments

Post a Comment

Popular posts from this blog

MANAGEMENT RESEARCH -I

POST GRADUATE DIPLOMA IN TEACHING AND RESEARCH IN MANAGEMENT   Term-End Examination June 2010   PGDTRM-03: MANAGEMENT RESEARCH -I Time: 3 hours                                                              Maximum Marks: 100 Note:   (i) There are two Sections A and B .             (ii) Attempt any three questions from Section A . All questions  carry 20 marks each.             (iii) Section B i s compulsory. And carries 40 marks.                                                SECTION – A                                  3x20=60   What is meant by the term "research design" ? Examine some of the commonly used research designs. Distinguish between probability and non-probability sampling. Explain the different methods used in both types of sampling. Examine the importance of ethics in research with special reference to the rights and responsibilities of participants. Briefly discuss the different methods of research. Also mention the situations in which they are appli...
Post a Comment
Read more

OPERATIONS MANAGEMENT

COMMONWEALTH EXECUTIVE MBA/MPA PROGRAMME   Term-End Examination June 2010 C-4: OPERATIONS MANAGEMENT Time: 3 hours                                                              Maximum Marks: 100                                                                                               (Weighting 70%)   Note:    Section-A has five questions of 20 marks each. Attempt any three  Questions from Section-A . Section-B is compulsory   40 marks. SECTION – A (a) Discuss the process of launching a new product in the market. Explain with the help of suitable examples.    10+10=20    (b) A manufacturing firm has three proposals for a product. Either it can be       purchased from an outside vendor at Rs. 4.00 per unit or it can be manufactured in-plant. There are two alternatives for in-plant manufacturing. Either, a fully automatic unit is procured, involving fixed cost of Rs.30,000 and variable cost of Rs. 2.75 per  unit. Alternatively a semi-automatic unit would cost Rs. 20,000 as fixed...
Post a Comment
Read more

Steps in starting up the small-scale business

Steps in starting up the small-scale business. A potential entrepreneur has to pass through various stages for setting up small scale unit. These are as follows:- The decision to be self-employed: - An educated person has to decide between two option either to work for other as employees or to work for himself as an entrepreneur. If the person possesses the right of knowledge, skill, experience and aptitude the best option for him is to set his own enterprise. This would give him best opportunity to invest, to innovate and  to give the best shape of this ideas. Identification of opportunity: - The viability of units means the business should identify the market needs. The entrepreneur has to do, but the consumer wants he has to produce according to needs and demands of the consumer. Selection of product on the basis of the market survey: - An entrepreneur has to select the product on the basis of the market survey, An entrepreneur should select the product keeping in view his own ca...
Post a Comment
Read more