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ASSIGNMENT
Course Code :
MS - 53
Course Title :
Production/Operations Management
Assignment Code : MS-53/TMA/SEM - I /2016
Coverage :
All Blocks
Note : Attempt all the questions and submit
this assignment on or before 30th April, 2016 to the coordinator of your study
centre.
Question.1. “We have entered the age of
technology; henceforth everything will be knowledge based.” Discuss the above
in the context of increasing use of technology-based resources for achieving
tasks.
Answer:The Information Age (also known
as the Computer Age, Digital Age, or New Media Age) is a period in human
history characterized by the shift from traditional industry that the
Industrial Revolution brought through industrialization, to an economy based on
information computerization. The onset of the Information Age is associated
with the Digital Revolution, just as the Industrial Revolution marked the onset
of the Industrial Age.
During
the information age, the phenomenon is that the digital industry creates a
knowledge-based society surrounded by a high-tech global
Question.2. Over the years, many variations
on classical Delphi have been forwarded. Briefly discuss these variants.
Answer:: As Delphi has spread, many variants of the process have emerged out of
the conventional procedure. Each variant aimed at improving the procedure in
order to respond to needs and critiques. The attempts to refine the Del phi
procedure were undertaken by Olaf Helmer (1966b) himself, the originator of
Delphi. Since then many other versions have been suggested to reflect and solve
different problems. Variants that developed a practical approach to Delphi as a
means to facilitate group judgment formulation and
Question.3. Capacity will be modified in
response to demand. Demand will be modified in response to capacity. Which of
these two statements is correct? Why?
Answer:When an organization has a clear grasp of its capacity constraints and an
understanding of demand patterns. It is in a good position to develop
strategies for matching supply and demand.
There are two general approaches for accomplishing
demand and capacity.
·
The
first is to smooth the demand fluctuations themselves by shifting demand to
match existing supply.
Question.4. What are the different criteria
for scheduling jobshop production system? Give their justification also.
Answer:Job shop scheduling (or job-shop problem) is an optimization problem in
computer science and operations research in which ideal jobs are assigned to
resources at particular times. The most basic version is as follows:
We are given n jobs J1, J2, ...,Jn of varying
sizes, which need to be scheduled on m identical machines, while trying to
minimize the makespan. The makespan is the total length of the schedule (that
is, when all the jobs have finished processing). Nowadays, the problem is
presented as an online problem (dynamic scheduling), that is, each job is
presented, and the online algorithm needs to make a decision about that job
before the next job is presented.
This problem is one of the best known online
problems, and was the first problem for which competitive analysis was
presented, by Graham in
Question.5. Inventory of material provides
operational flexibility. But, many flexible operational systems need little
inventory. Explain this seeming contradiction.
Answer:Companies today must be fast and nimble enough to react quickly to
changes in customer demand and do it with little inventory. Gone are the days
when manufacturers could stockpile large quantities of raw materials, load up
the shop floor with work-in-process and pack warehouses with finished goods.
The old ways caused erratic and long lead times, high costs and required too
much cash for working capital.
Dear students get fully solved
assignments
Send your semester &
Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
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