MS - 57 - Maintenance Management - IGNOU LATEST MBA SOLVED ASSIGNMENTS

 

 

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Management Programme

 

 

 

ASSIGNMENT

SECOND SEMESTER

(JULY TO DECEMBER)

2020

 

 

 

MS – 56 :  Maintenance Management

 

 

 

 

 

 

 

 

School of Management Studies

INDIRA GANDHI NATIONAL OPEN UNIVERSITY

MAIDAN GARHI, NEW DELHI – 110 068

 

ASSIGNMENT

 

 

Course Code  :

 

MS - 57

Course Title  :

 

Maintenance Management

Assignment Code :

MS-57/TMA/Sem-II/2020

Coverage  :

 

All Blocks

 

Note: Attempt all the questions and submit this assignment to the Coordinator of your Study Centre on or before 31st October, 2020.

 

Question. 1. “A maintenance system can be viewed as a simple input–output model”. Explain the systematic approach to maintenance management in the view of this statement.

Answer: Maintenance management is the management of all the assets owned by a production organization, based on maximizing the return on investment in the assets. This is achieved by applying general management principles of planning, scheduling, organizing and controlling to the maintenance function.

SYSTEMATIC APPROACH TO MAINTENANCE MANAGEMENT

A maintenance system can be viewed as a simple input-output model. The inputs to such a model are labor, management, tools, spares, equipments, plans and schedules; and the output is the equipment that is up, reliable and well configured to achieve the planned operation of the plant. This helps to optimize the resources for maximizing the output of a maintenance system.

 

Question. 2. What is Human Resource Development in Maintenance Management? Explain the explicit or implicit expectations of an organization from its employees.

Answer: In the olden times an employee, especially a worker was treated more like a mindless machine than as a human being. Other than basic technical skills that he/she had to have, he/she was not given any training and was left to his/her own to improve himself. It was a case of survival of the fittest (as seen by his superiors) that dictated his/her career path. This process never brought out the full creative potential even amongst the best of employees. Often, it brought out one’s cunning ability to step on others for one’s own success. There was no conscious or organized attempt towards developing talents, and attitudes, and relationships that could contribute to achievement of significantly higher level of performance of the individual and through him, the organization. Artificial methods of

 

Question. 3. “Spare parts go through various stages in their life cycle” What are they? Explain them in brief.

Answer: The aim of spare parts inventory management is to make available to maintenance, the right spare part, at the right place, at the right time, in the right quantity, at the right price, and at the lowest total cost to the enterprise. Of these, the first four represent the ‘service to the maintenance engineer’ and must be given first priority. The next part means paying the least for a purchased item by locating and negotiating with the suppliers for a reasonable price-provided the item meets the technical needs of maintenance. The last part of the aim minimizes the total cost, consisting of the cost of administering the

 

Question. 4. “Replacement policies form an integral part of all industrial maintenance programmes”. Explain the concept of replacement decisions in the view of this statement.

Answer: Replacement policies form an integral part of all industrial maintenance programmes. A replacement decision is only considered if the cost of an in-service failure exceeds the cost of preventive replacement action, that is, it must be more costly to replace an equipment, or component, after failure than before. Further there are three fundamental assumptions made in all replacement decisions. These are as follows:

1. The state of the equipment, whether good or failed, is always known with certainty. This is a reasonable assumption in most practical situations encountered in operating plants.

2. The replacement action returns the equipment to the as new condition so that the new equipment, or component, can continue to provide the same services as the equipment, or component, which it has replaced. This is

 

 

Question. 5. “Reliability Centred Maintenance (RCM) is a methodology as well as a philosophy”. Explain the concept of RCM along with its benefits and misconceptions.

Answer: Controlling maintenance costs, together with improving plant reliability and capacity has become an area of escalating attention in the ever increasing need to increase manufacturing competitiveness. A number of new maintenance philosophies have evolved and proven themselves in assisting maintenance managers in providing better plant utilization at lower cost. Amongst these are preventive maintenance, predictive maintenance, proactive maintenance, condition based maintenance and more recently reliability centered maintenance (RCM). A RCM strategy employs preventive, predictive and proactive maintenance technologies in an integrated manner to increase confidence that a machine will operate

 

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Jaipur University -JNU- MBA FM II YEAR Solved ASSIGNMENTS

 

 

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Master of Business Administration

 

Paper Code:              MB FM– 201

Paper Title:               Security analysis and portfolio management

 

 

 

Q. 1.    Q. 1.    Short answer type questions:  Limit 100 - 150

 

 

(i)        What are securities? Write any two features of securities.

 

(ii)       Who are brokers? Write its important role in security market..

 

(iii)      what do you understand by efficient portfolio & efficient frontier? (iv)      What do you understand by systematic and non systematic risk?. (v)       What do you understand by over the counter exchange (OTCEI)?

(vi)      Broker is an agent who executes the order of his client, yet he can act many roles.

 

Explain any two different roles of a broker?

 

(vii)     Explain the concept of undervalued and overvalued portfolio

 

(viii)    Investor are risk averse what do you understand by this assumption? (ix)      Difference between shares and debentures?

(x)      Write short notes on (a)          Relative strength index (b) Rate of change?

 

 

 (Word limits 500)

 

Q. 2.    Risk free return is at 6% and expected return of market portfolio is 18% wit standard deviation 2.5%.draw CML

 

Let us take hypothetical value of standard deviation portfolio as 0, 1, 1.5, 2, 2.5, 3, 3.5 and 4.

 

Q. 3.    What do you mean by listing of shares? Discuss in brief the SEBI requirement for listing of shares.

 

Q. 4.    „Investors‟ are utility maximizers”, do you agree? Explain with the help of suitable example


Q. 5. Risk free return is at 5% and expected return of market portfolio is 16%. Find out the expected returns of the securities with a beta of (a) 1.25 (b) .8 and (c) 1?

 

Q. 6. Current dividend per share is Rs 5, growth expected during the next three years is 15 % p.a., thereafter, for three years, the dividend are expected to grow at the rate of 10% per annum and then the dividends are likely to grow at a constant rate of 7 % p.a., If an investor expects a return of 20% p.a., find out what is the value of these shares for this investor.


 

 

 

 

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Master of Business Administration (MBA)

 

Paper Code:              MB FM – 202

Paper Title:               Financial Institution & Services

 

                                    

 

Q. 1.    Short answer type questions:  Limit 100 - 150

 

(i)        Differentiate between capital and money market. (ii)       Define Cash Reserve Ratio (CRR).

(iii)      Any two advantages of Mutual Funds. (iv)      State any two advantages of credit card. (v)       What are the types of NBFCs?

(vi)      What are the types of Mutual Funds?

 

(vii)     Differentiate between public sector and private sector banks. (viii)    Write down the important functions of SEBI.

(ix)      Name any four financial instruments.

 

(x)       Who regulates the insurance services in India?

 

 

 

(Word limits 500)

 

Q. 2.    Explain the challenges and issues faced by banking industry in current scenario.

 

Q. 3.    Define the role of NABARD in rural development.

 

Q. 4.    Discuss the different schemes provided by Insurance Companies.

 

Q. 5.    Describe the functions performed by Reserve Bank of India as a central bank. Q. 6. Write a note on National Housing Bank or State Housing Finance Societies.


 

 

 

 

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Master of Business Administration

 

Paper Code:              MB FM – 203

Paper Title:               International Finance Management

 

 

 

Q. 1.    Short answer type questions:  Limit 100 - 150

 

(i)        What do you understand by balance of payment?

 

(ii)       Define any five factors which influence exchange rate.

 

(iii)      Give five differences between centralized versus decentralized cash management

 

(iv)      Give five differences between forward and future contract? (v)       What do you understand by translation espouser?

(vi)      What do you understand by international finance management? (vii)     “Explain the concept of Interest Rate parity theorems.

(viii)    Do you think cash management system effect the borrowing decisions of a firm? (ix)      Explain the concept of Arbitrage in Foreign exchange market

(x)       Explain the concept of Internal and external techniques of risk.

 

 

 

 (Word limits 500)

 

Q. 2.    Explain the process of issuing ADR and GDR?

 

Q. 3.    Explain the Aspects of international cash management?

 

Q. 4.    Discuss financial structure of foreign subsidiaries of MNCs.

 

Q. 5.    Explain different type of International financial market instruments. Q. 6.    Explain the concept of International Monetary System?


 

 

 

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Master of Business Administration

 

 

 

Paper Code: MB FM – 204

 

Paper Title:Working Capital Management

                                            

 

Q. 1.    Short answer type questions:  Limit 100 - 150

 

a. Differentiate between Gross Working Capital and Networking Capital. b. Name the factors determining Working Capital.

c. On what factors trade credit depends?

 

d. Explain the meaning of Commercial Paper.

 

e. Discuss the factors determining the investment in inventory. f.  How would you estimate the recorder level?

g. What is the objective of management of receivables?

 

h. How credit analysis is done?

 

i. What are the functions of Cash Management?

 

j.  Explain the motives for holding cash.

 

 

(500 Words).

 

Q.2 what do you understand by working capital? Explain the concept and determinants of Working

Capital.

 

Q.3 what is factoring? Discuss the types and benefits of factoring.

 

Q.4 what do you mean by Receivable Management? How will you control the investment in

Receivables? Explain.

 

Q.5 Discuss the management problems involved in the planning and control of cash. Explain the

Importance of cash budgets main tool of cash planning. Q.6 Write short notes on :

a. Public deposits.

b. Marketable Securities c. ABC Analysis


 

 

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Paper Code:              MB FM – 205

Paper Title:               Management control system

 

 Q. 1.    Short answer type questions:  Limit 100 - 150

 

a. Define the scope of Management Control.

 

b. Why effective control system is required in Management?

 

c. Differentiate between PERT and CPM technique. d. What do you mean by Performance Budgeting?

 

e. What is meant by „Transfer Pricing‟?

 

 

f. What is the function of a Cost Centre?

 

g. What is the Concept of Motivation? How does it affect individual behavior and performance?

 

h. How divisional performance is measured in an organization?

 

i. Discuss the importance of Internal Ahudit.

 

j. Discuss the advantages of Participative Management

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

500 Words).

 

Q.2 what is the Concept of Management Control? Also discuss the scope and importance of

Implementing adequate Management Control.

 

Q.3 Sales Rs. 2520000, Cost of sales Rs. 1920000, Net Profit Rs. 360000, Inventory Rs. 800000, Other Current Assets Rs. 1440000, Fixed Assets Rs. 1500000, Debt Rs. 900000, Current Liabilities Rs. 600000 and Net worth Rs. 1500000

Calculate:

 

a. Current Ratio                                                              b. Net Profit Rati

c. Debt. Equity Ratio                                                     d. Return on Investment

 

Q.4 “The aim of Responsibility Accounting is not to place blame. Instead, it is to evaluate performance and provide feedback. So that future operations can be improved.” Comment and Discuss the various steps involved in Responsibility Accounting.

 

Q.5“Accounting reports are a matter of necessity for the Management”. Elaborate and explain the

different types of reports that are used for the internal management of an enterprise.

 

Q.6 Prepare a Cash Budget from April to June for ABC Co. Ltd.

With the help of following information :

 

Month

Sales (Rs.)

Purchases (Rs.)

Wages (Rs.)

February

180000

124000

12000

March

192000

144000

14000

April

108000

243000

11000

May

174000

246000

10000

June

126000

26800

15000

 

b. 50% of the credit sales are realized in the following month sales and remaining 50% sales for in

The second following month.

 

c. Creditors are paid in the following month of Purchase. d. Cash at Bank as on 1st April Rs. 25000.

 

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