+1-415-315-9853

info@mywordsolution.com

Management Studies

 Management Theories Operation Management HR Management Project Management Business Management Operation Research Marketing Management Strategic Management Management Information System

1)a) describe manufacturing cell layout with an ex.

1)b) NBC Limited has to supply orient fans with 24,000 bearings per year on a steady daily basis. It is estimated that it costs Rs.1.20 as inventory holding cost per bearing per year and that the setup cost per run of bearings manufacture is Rs.324. What should be the optimal run size for bearing manufacture? Find out the minimum inventory cost. What would be the interval between two consecutive optimal runs?

2)a) What do you understand by capacity requirements plan?

2)b) As a product moves through its life cycle, what changes can be expected in

(i) the variety of designs offered,

(ii) its competitive factors, &

(iii) its profitability?

3)a) A company wants to plan production for the ensuing year so as to minimize the combined cost of production and storage. In each quarter of the year demand is anticipated to be 65, 80,135 & 75 units respectively. The product can be manufactured during regular time at a cost of Rs.16 per unit or during overtime at a cost of Rs.20 per unit. The cost of carrying inventory for one unit per quarter is Rs.2. The inventory at the beginning of the first quarter is zero and the production capacity quarter-wise is given below.

Quarter-wise Production

Quarter                    Regular time                        Over time
1                                       80                                   10
2                                       90                                   10
3                                      95                                    20
4                                      70                                    10

What should be the production schedule?

4)a) Describe the inputs to the production planning system?

4)b) The following is the historical demand for a product.

Month        Jan. Feb. Mar. Apr. May  Jun.
Demand      15   11   12    12   16    17

(i) What is the forecast for July using a simple moving average for 3 months?

(ii) What is the forecast for July using single exponential smoothing, smoothing constant of 0.2? The forecast for January was 14.

5)a) What is ABC analysis? How does it assist inventory control?

5)b) A machine shop has five machines- A,B,C,D & E. Two jobs must be processed through each of these machines. The time in hours taken on each of these machines & the necessary sequence of jobs through the shop are given below.

Job 1 Sequence       A    B   C   D   E
Time          2     4   3   6    6
Job 2 Sequence      C     A   D   E   B
Time          4    6    3    3   6

Use graphical method to minimize the time needed to process the jobs on the given machines and find out the total time needed to complete both jobs.

6)a) What are the different measures of forecasting accuracy? describe.

6)b) Alfa Industries has to decide whether to set up a large plant or a small plant for its new range of refrigerators. A large plant will cost the company Rs.250 lakhs while a small plant will cost Rs.120 lakhs. An extensive market survey and a cost profit volume analysis carried out by the company reveal the following estimates for sales over the next 10 years.

High demand Probability = 0.5
Moderate demand Probability = 0.3
Low demand Probability = 0.2

(i) A large plant with high demand will yield an annual profit of Rs.100 lakhs.

(ii) A large plant with moderate demand will yield an annual profit of Rs.100 lakhs.

(iii) A large plant with low demand will lose Rs.20 lakhs annually because of production inefficiencies.

(iv) A small plant with high demand would yield Rs.25 lakhs annually, taking in to account the cost of lost sales due to inability to meet demand.

(v) A small plant with moderate demand will yield Rs.35 lakhs annually, as the loss due to lost sales will be lower.

(vi) A small plant with low demand will yield Rs.35 lakhs annually, as the plant capacity and demand will match.

Operation Management, Management Studies

• Category:- Operation Management
• Reference No.:- M94475

Have any Question?

Related Questions in Operation Management

The owner of genuine subs inc hopes to expand the present

The owner of Genuine Subs, Inc. hopes to expand the present operation by adding one new outlet. She has studied three locations. Each would have the same labor and materials costs (food, serving containers, napkins, etc. ...

1 define limited jurisdiction and general jurisdiction and

1. Define limited jurisdiction and general jurisdiction and provide an example for each 2. Flatbranch files a lawsuit against Joe for breach of contract in a Missouri state court of general jurisdiction. Explain the way ...

Realizing every workforce is different identify and discuss

Realizing every workforce is different, identify and discuss the four basic steps involved in launching a union organizing campaign. Does this differ in the public and private sector? Explain. Collective Bargaining Class ...

1 under the accrual basis of accountinga events that change

1. Under the accrual basis of accounting: a) ?events that change a company's financial statements are recognized in the period they occur rather than in the period in which cash is paid or received. ? b) net income is ca ...

Visuals for alliedread the overview below and complete the

Visuals for Allied Read the overview below and complete the activities that follow. You work for Allied Distribution, a food service distributor that offers wholesale prices to a variety of customers, including restauran ...

One characteristic of those who are more ethically mature

One characteristic of those who are more ethically mature is that they look for options that will: not only satisfy individuals but will also make the system as a whole function better        be less nuanced so that more ...

Introductionthe national womens business council 2012

Introduction The National Women's Business Council (2012) reported that there are 1,521,494 African American women-owned businesses in the United States. However, 97.5 % of these businesses are a sole proprietorship, wit ...

Lucy and pan were walking in their neighborhood with their

Lucy and Pan were walking in their neighborhood with their three-year-old son, Stan. It was snowing pretty heavily that day. At the corner next to a busy intersection, they met their friend Joe. While Lois and Peter were ...

Look at the mission statement for ben and jerrys and new

Look at the mission statement for Ben and Jerry's and New Belgium Brewery. Can you think of any other companies that are unique or different? Conduct a web search on these companies to review their mission statement. Are ...

Orange juice inc produces and markets fruit juice during

Orange Juice Inc. produces and markets fruit juice. During the orange harvest season, trucks bring oranges from the fields to the processing plant during a workday that runs from 7am to 6pm. On peak days, approximately 1 ...

• 13,132 Experts

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate