Dear students, get latest JNU
MBA Solved assignments by professionals.
Mail us at:
help.mbaassignments@gmail.com
Call us at: 08263069601
JAIPUR NATIONAL UNIVERSITY,
JAIPUR
School of Distance Education
& Learning
Internal Assignment No. 1
Master of Business
Administration
Paper Code: MBA– 105
Paper Title: Production and Operations
Management
Last date of submission: Max.
Marks: 30
Note:
Question No. 1 is of short answer type and is compulsory for all the students. It
carries 1 Mark each.
Q. 1.
Answer all the questions:
(i)
Define operations management.
Answer: Operations management is a field that can sometimes
be misunderstood because of its multidisciplinary nature. However, its
functions form the lynchpin of businesses the world over and success can often
rest squarely on its shoulders. The MBA in operations management is a common
specialization among leading business schools worldwide. So, what is operations
management and what
(ii)
Name any four factors affecting plant location.
Answer:
1. Availability of Raw Materials:
2. Proximity to Markets:
3.
Transport
Facilities
(iii) Draw the input output process diagram.
Answer:
(iv) What are the qualitative factor analysis
models?
Answer: Qualitative analysis is a securities analysis that
uses subjective judgment based on unquantifiable information, such as
management expertise, industry cycles, strength of research and development
(v)
Write the different types of facility layout.
Answer: Keeping in view the type of industry and volume of
production, the type of layout to be selected is to be decided from the
following:
1. Product
or Line Layout
(vi)
What are two major responsibilities of operations manager?
Answer: Operations managers are essential to any large
business organization. The core responsibilities of operations managers tend to
be similar across many industries.
1.
Policy
Formulation
Formulating
policy is one of the core duties of an operations manager. Companies must
operate and function on a daily basis within a prescribed set of guidelines.
2.
Planning
(vii)
What do you understand by CPM?
Answer: The critical path method (CPM) is a step-by-step
project management technique for process planning that defines critical and
non-critical tasks with the goal of preventing time-frame problems and process
bottlenecks. The CPM is ideally suited to projects consisting of numerous
activities that interact in a complex manner.
(viii) Write the concept of EOQ.
Answer: Concept And Meaning Of Economic Order Quantity(EOQ)
Economic order quantity is also known as
(ix)
What are the types of costs to be considered for Inventory Management?
Answer: There are three types of costs that must be
considered in setting inventory levels:
1.
Holding\Carrying cost:
They are expenses such as storage, handling, insurance,
taxes, obsolescence, theft, and
interest on funds financing the goods. Holding costs are
commonly assessed as a percentage of unit value, rather than attempting to
derive monetary value for each of these costs individually.
(x) What is work study or Work Measurement?
Answer: Work
measurement is the application of techniques designed to establish the time for
an average worker to carry out a specified manufacturing task at a defined
level of performance.[1] It is concerned with the length of time it takes to
complete a work task assigned to a specific job
Note:
Answer any four questions. Each question carries 5 marks (Word limits 500)
Q. 2.
Explain the concept of ABC analysis with an example.
Answer: In materials management, the
ABC analysis (or Selective Inventory Control) is an inventory categorization
technique. ABC analysis divides an inventory into three categories- "A
items" with very tight control and accurate records, "B items"
with less tightly controlled and good records, and "C items" with the
Q. 3.
What do you understand by TQM? and Explain the Role of TQM in an organization.
Answer: “Quality
management” ensures superior quality products and services.
Quality of a product can be measured in terms of performance,
reliability and durability. Quality is a crucial parameter which differentiates
an organization from its competitors. Quality management tools ensure changes
in the systems and processes which eventually result in superior quality
products and services. Quality management methods such as Total Quality
management or Six
Q. 4.
What do you understand by capacity planning? Explain the decision tree
modeling
for capacity expansion.
Q. 5.
Define Plant Layout. Explain all the factors to be considered while selection
the
suitable
layout for the plant.
Answer: Plant
layout is
the most effective physical arrangement, either existing or in plans of
industrial facilities i.e. arrangement of machines, processing equipment and
service departments to achieve greatest co-ordination and efficiency of 4 M’s
(Men, Materials, Machines and Methods) in a plant.
Q. 6.
”Explain any 5 difference between PERT and CPM.
Answer: Project Management and Review Technique (PERT)
andCritical Path Method (CPM) are two popular statistical tool used by the
business entities for the management of the project. These two methods are used
in the successful completion of a project and hence used in conjunction with
each other. Nevertheless, the truth is that CPM is different from PERT in a way
that the former cost based while the latter is time based. In the same manner,
there are many differences between PERT and CPM, which we are going to discuss
in this article.
Dear students, get latest JNU
MBA Solved assignments by professionals.
Mail us at:
help.mbaassignments@gmail.com
Call us at: 08263069601
No comments:
Post a Comment
Note: only a member of this blog may post a comment.