OM0013 – Advanced Production

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Master of Business Administration- MBA Semester 3

‘’Operations Management” Specialization

OM0013 – Advanced Production- 4 Credits

(Book ID: B1235)

Assignment (60 Marks)

Note: Answer all questions (with 300 to 400 words each) must be written within 6-8 pages. Each Question carries 10 marks 6 X 10=60

Q1. Elucidate Theory of Constraints and Constraint management.

Answer. The theory of constraints (TOC) is a management paradigm that views any manageable system as being limited in achieving more of its goals by a very small number of constraints. There is always at least one constraint, and TOC uses a focusing process to identify the constraint and restructure the rest of the organization around it.

TOC adopts the common idiom "a chain is

Q2. Explain the balanced scorecard approach which provides important information to allow the overall strategy of an organization to be reflected in specific performance measures.

Answer. The balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals. It was originated by Drs. Robert Kaplan (Harvard Business School) and David Norton as a performance measurement framework that added strategic non-financial performance measures to traditional financial metrics to give managers and executives

Q3. Describe the different layouts that organizations can use and the benefits and limitations of each of the layouts.

Answer. Master plan or blueprint of a printed or published work (such as an advertisement, book, magazine, newspaper, or website) that lays out the arrangement of its different graphic elements (such as body copy, colors, headlines, illustrations, scale). It establishes the overall appearance, relative importance, and relationships between the graphic elements to achieve a smooth flow of information (message) and eye movement for maximum effectiveness or impact. Often alternative layouts (called roughs) are prepared to explore different

Q4. Summarize the importance of productivity and team work.

Answer.  Modern approaches to management are increasingly emphasizing the importance of business teamwork concepts in getting the mission of the organization achieved. Even when the organization in question is not geared towards making profits (such as in a not for profit organization), the established approaches will ensure that productivity is achieved. The guidelines below will enable your business or organization achieve just that. Many organizations are currently using the project approach in getting tasks done on time. With integration of technology, this approach often requires the collaboration of workers across different

Q5. Explain the single-server and multi-server waiting line models.

Answer. In queueing theory a model is constructed so that queue lengths and waiting times can be predicted. Queueing theory is generally considered a branch of operations research because the results are often used when making business decisions about the resources needed to provide service.

Queuing Theory arises from the use of powerful mathematical analysis to theoretically describe production processes along with statistical/probabilistic techniques to account for varying dynamic patterns within the stages of a productive process. The problem to be met - that occasioned the development of such theory - is simply entitled "congestion", what happens when a system does not operate smoothly or efficiently.

Q6. Write a note on aggregate planning process.

Answer.  An organization can finalize its business plans on the recommendation of demand forecast. Once business plans are ready, an organization can do backward working from the final sales unit to raw materials required. Thus annual and quarterly plans are broken down into labor, raw material, working capital, etc. requirements over a medium-range period (6 months to 18 months). This process of working out production requirements for a

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