MB0044 - PRODUCTION AND OPERATION MANAGEMENT

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ASSIGNMENT

DRIVE	FALL 2014
PROGRAM	MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2
SEMESTER	II
SUBJECT CODE & NAME	MB 0044 - PRODUCTION AND OPERATION MANAGEMENT
BK ID	B1627
CREDIT & MARKS	4 CREDITS, 60 MARKS

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.

Q. 1. a. What do you think are the reasons for low people productivity in India?

b. Compare and analyze India’s productivity with respect to other countries?

c. What suggestions do you offer to improve the situation?

Answer:a. What do you think are the reasons for low people productivity in India?

There are many factors responsible for the low productivity in Indian agriculture. The important among these are as follows:

(i) Demographic Pressure:India is a thickly populated country. According to 2001 Census, 72.2 per cent people live in rural areas. The burden of increasing population falls on land.

(ii) Small Size of Holdings:Expert studies in agriculture put the average size of holding at only 1.80 hectares. Not only the agricultural holdings are small but

b.Compare and analyze India’s productivity with respect to other countries?

Answer: The Global Competitiveness Report (GCR) 2009-10 published by the World Economic Forum (2009) provides the ranks for Global Competitiveness Index (GCI) and scores for various countries along with their component indices. These indices try to capture both the micro and macro determinants of global competitiveness. The pillars of GCI (as outlined in GCR, 2009) are classified into the basic requirements (institutions, infrastructure,

c.What suggestions do you offer to improve the situation?

Answer: Improvement of agricultural methods and productivity to reduce the need to cut down additional forest land. Tropical forests cannot be maintained unless agricultural productivity is greatly improved. However, to feed the projected population of the mid-21st century even at present levels, not to mention a level approaching that of developed countries, agricultural efficiencies would have to be far greater than is currently the case

Q. 2. List the elements of operations strategy. Explain any TWO elements of operations strategy.

Answer:Elements of operation strategy Operations strategy comprises six components:

1.       Positioning the production system: Positioning the production system in manufacturing , means , selecting the type of product design, type of production processing system and the type of finished goods inventory policy for each major product line the business plan. It involves selecting the product design, the production system and the inventory policy for the finished goods for each product line.

1.       Two basic types of product design are custom

Q. 3. What are the basic capacity (production) options a company can choose?

Answer: Capacity planning is the process of determining the production capacity needed by an organization to meet changing demands for its products. In the context of capacity planning, design capacity is the maximum amount of work that an organization is capable of completing in a given period. Effective capacity is the maximum amount of work that an organization is capable of completing in a given period due to constraints such as quality problems, delays, material handling, etc. The phrase is also used in business computing as a synonym for

Q. 4.Write short notes on:

a. Qualitative methods of forecasting

b. Taguchi’s quality loss function

Answer: a. Qualitative methods of forecasting: Delphi method: Perhaps the best-known method for generating a forecast using “experts”.  Rather than getting experts to meet face-to-face, the chosen experts are sent a survey or questionnaire (by post or email).  Each expert completes the survey without reference to any other contributor.The replies to the survey are analysed, summarised and then returned back to the experts so that they can reconsider their responses and views after learning about the views of the other experts.

Panel method: This method of sales forecasting

b. Taguchi’s quality loss function

Genichi Taguchi provided a whole new way to evaluate the quality of a product. Traditionally, product quality has been a correlation between loss and market size for the product. Actual quality of the product was thought of as an adherance to product specifications. Loss due to quality has usually only been thought of as additional costs in manufacturing (i.e. materials, re-tooling, etc.) to the producer up to the time of shipment or sale of the product. It

Q. 5.Describe the process of value analysis.

Answer: It is a strategy that businesses use to determine whether all of their operational expenses are necessary and if they could be operating more efficiently. Process value analysis looks at what the customer wants and then asks if each aspect of operations is necessary to achieve that result. The goal of process value analysis is to eliminate unnecessary expenses incurred in the process of creating a good or service without sacrificing customer satisfaction.

In conducting PVA, managers must look at

Q. 6. Write short notes on

a. Tools for implementation of operations

b. Fixed position layout

Answer: a. Tools for implementation of operations

Project planning, implementation and operations tool

·         Unique: no other firm has developed a single source software package integrating the investment and engineering components required to deliver successful projects

·         On time and on budget:

·          

b. Fixed position layout

A fixed position layout is one of the three basic options for laying out facilities to produce goods or deliver services, the other options being a process layout or product layout . A fourth option, the cell layout, is actually a hybrid facility arrangement that combines some of the principles of fixed position and product layouts. The term “fixed position” implies that the product remains (more or less) stationary and all materials, equipment, labor, instructions, etc. are brought to the place of work. The service equivalent might be where the “customer”

Dear students get fully solved  SMU MBA Fall 2014 assignments

Send your semester & Specialization name to our mail id :

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Call us at : 08263069601

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