The company envisaged being a continuously growing top class company to deliver superior quality and cost effective products for infrastructure development. The company performed with a mission to attain 7 million ton liquid steel capacity through technological up-gradation, operational efficiency and expansion; to produce steel with the international standards of cost and quality; to meet the aspirations of the stakeholders.
Production and Operation Management Section A: Answer all the questions. If the number of restrictions on sources be a and the number of restrictions on destinations be b then with the use of stepping stone procedure, the number of used cells will be a.
Value of smoothing coefficient lies a. Between 1 and b. Between 0 and 1 c. Between -1 and 1 d. Between 1 and 2 3. Forecasting error is a. The difference between forecasted demand and actual demand b.
The ratio of forecasted demand and actual demand c. The difference between the standard forecast demand and the evaluated forecast demand d. Ratio of standard forecast demand and the evaluated forecast demand 4.
For forecasting the analyzers plot the demand data on a time scale, study the plot and then look for the consistent patterns. Now what does the high noise mean to these patterns a.
Many of the point lie away from the pattern b. Most of the points lie close to the pattern c.
All the points lie on the pattern d. Payback period is a. The length of time after which the production starts b.
The length of time after which the selling starts c. The length of time required to recover the investment d. The length of time for which firm bears replacement of the good.
Salvage value is the income from a. Selling an asset b. Buying an asset c. Bargaining in selling d. Price raised stock 7. Economic efficiency is given by a. This implies an effective management that ensures an organizations long-term commitment to the continuous improvement of quality.
Total quality management d. This techniques for improving productivity involves analyzing the operations of the product or service, estimate the value of each operation, and modifying or improving that operation so that the cost is lowered. Quality circles Part Two: What are the different types of models in production and operation management?
What do you understand by Bias? What are Learning curves? Caselets 40 marks This section consists of Caselets. Each caselet carries 20 marks. Detailed information should form the part of your answer Word limit to words. The Bronson Group owns a variety of companies that underwrite personal and commercial insurance policies.
In recent years, the company has suffered operating losses. Inthe company was heavily invested in computer hardware and software. One of the problems the Bronson Group faced as well as many insurance companies was a conflict between established manual procedures and the relatively recent within the past 20 years introduction of computer equipment.
This conflict was illustrated by the fact that much information was captured on computer but paper files were still kept for practical and legal reasons.Company management and operations analysts were consistently told that the greatest problem in the company was the inability of file clerks to supply files in a speedy fashion.
The entire company from top to bottom viewed the productivity and effectiveness of the department as unacceptable. IIBM Institute of Business Management Section B: Caselets (40 marks) This section consists of Caselets. Implementation of a Solution Examination Paper of Production and Operations Management 1 IIBM Institute of Business Management IIBM Institute of Business Management.
Examination Paper of Production and Operations Management 11 pages, words The Business plan on Implications of Business Process Management for . Get Assignments and Projects prepared by experts at a very nominal fee. More than 8 years in assisting assignments and projects/dissertation/thesis of MBA,BBA,BCA,MCA,PhD and others-.
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