OM0010 - OPERATIONS MANAGEMENT

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ASSIGNMENT

DRIVE FALL	2013
PROGRAM	MBADS  - (SEM 3/SEM 5) / MBAN2 / MBAFLEX – (SEM 3) PGDOMN – (SEM 1)
SUBJECT CODE & NAME	OM0010 - OPERATIONS MANAGEMENT
BK ID	B1232
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q1. What are the effects of Global Competition on the industries in India?.10 marks(300-400) words

Answer : As the greatest hope for growth in the global economy for the past two years, the emerging markets have become the darlings of the financial press and a favourite talking point of C-suite executives worldwide.

Once attractive only for their natural resources or as a source of cheap labour and low-cost manufacturing, emerging markets are now seen as promising markets in their own right. Rapid population growth, sustained economic development and a growing middle class are making many companies look at emerging markets in a whole new way.

Q2. How is ‘Economies of Scope different from Economies of Scale? 10 marks(300-400) words

Answer : Generally speaking, economies of scale is about the benefits gained by the production of large volume of a product, while economies of scope is linked to benefits gained by producing a wide variety of products by efficiently utilising the same Operations. Each of these business strategies, their strengths and weaknesses, will be discussed in details in this paper.

"Economies of scale" has been known for long time as a major factor in increasing profitability and contributing to a firm's other financial and operational ratios. Mass production of a mature, standardised product can apply the most efficient line-flow

Q3. List and explain the six basic steps involved in preparing aforecast.10 marks(300-400)words

Answer : 1) Identify all sources of monthly income. Consider all sources of income such as salary, bonuses, dividends, alimony, child support, etc.

2) List all expenses. This might take a few tries to get everything. Check your calendar for birthdays, anniversaries, weddings, etc. Include prescriptions, subscriptions, and memberships and annual expenses.  Here is a list of common annual expenses:

Ø  auto insurance

Ø  vehicle tax

Ø  car repair/maintenance

Ø  HO Insurance

Ø  Property taxes

Ø  House repair/maintenance

Ø  Vacations

3) Prioritize your spending. Housing, transportation,

Q4. Explain Johnson’s rule for sequencing and how it is different fromCDS algorithm10 marks(300-400) words

Answer : Johnson’s algorithm of sequencing

Johnson’s algorithm is used for sequencing of n jobs through two work centres. The purpose is to minimise idle time on machines and reduce the total time taken for completing all the jobs.

As there are no priority rules since all job have equal priority, sequencing the jobs according to the time taken may minimise the idle time taken by the jobs on machines. This reduces the total time taken.

The algorithm can be fulfilled in the following steps.

Q5. How does Crosby’s absolute of quality differ from Deming’s principles ?10 marks(300-400) words

Answer : Like Deming, Crosby also lays emphasis on top management commitment and responsibility for designing the system so that defects are not inevitable. He urged that there be no restriction on spending for achieving quality. In the long run, maintaining quality is more economical than compromising omits achievement. His absolutes can be listed as under:

Ø  Quality is conformance to requirements, not ‘goodness’

Ø  Prevention, not appraisal, is the path to quality

Ø  Quality is measured as the price paid for non-

Q6. Analyse the various types of Probability distribution 10 marks(300-400) words

Answer : In probability and statistics, a probability distribution assigns a probability to each measurable subset of the possible outcomes of a random experiment, survey, or procedure of statistical inference. Examples are found in experiments whose sample space is non-numerical, where the distribution would be a categorical distribution; experiments whose sample space is encoded by discrete random variables, where the distribution can be specified by a probability mass function; and experiments with sample spaces encoded by continuous random variables, where the distribution can be specified by a probability

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

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or

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