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MASTER
OF BUSINESS ADMINISTRATION
ASSIGNMENT
SEM-3
READ INSTRUCTIONS CAREFULLY:
·
Assignments are to be submitted by
each student online in student’s login.
·
Assignments of each subject should be
in softcopy (ms word).
·
Only one file having collection of all
assignments of individual students should be submitted.
·
If the matter of two student will mach
then assignment will be treated rejected and
·
student will be given zero marks. And
no second chance will be given.
·
After last date there is no provision
of uploading assignments & no hard copy will be accepted under any
circumstances.
NOTE: All questions are compulsory.
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BA 595 -PRODUCTION
& OPERATIONS MANAGEMENT
Q-1. What is
meant by the property of homogeneity?
Answer:
Let us suppose that a firm uses two inputs,
labour (L) and capital (K), to produce its output (Q), and its production
function is
Q =
f(L,K)
(8.122)
[where L and K are quantities used of inputs labour (L) and
capital (K) and Q is the quantity of output produced]
Q-2. How do
routing and scheduling help in optimizing production?
Answer: What is route scheduling?
Route scheduling is the practice
of scheduling a driver’s servicing, delivery, and arrival times for their
routes. Route scheduling not only maximizes service appointments in a given
work day, it also ensures that customers get serviced in an accurate and timely
manner.
Businesses that regularly
send employees out into the field are forced to cover a lot of costs. Travel is
expensive. You need to pay for gas and vehicle maintenance, and there’s also
the cost of your field employee’s time as they
Q-3. What do you mean by method study?
Answer: Method study deals with analysing every topic/chapter and
identifying the strong and weak points in that. Then studying in a pattern in
which maximum topics are covered in a minimum time span. Simply put, method
study is when each and every piece of study material or work is put through
thorough scrutiny in order to ensure that every word is understood and retained
by you. This is also advantageous as it prevents any kind of error or
misleading information from getting through as it detected and conveniently
omitted in the learning process. Method study is the best way to go about your
studying to achieve better results and productivity. Being meticulous with your
study materials or work is beneficial
Q-4. Write
short notes on ABC analysis
Answer: ABC analysis is an inventory management technique that
determines the value of inventory items based on their importance to the
business. ABC ranks items on demand, cost and risk data, and inventory mangers
group items into classes based on those criteria. This helps business leaders
understand which products or services are most critical to the financial
success of their organization.
The
most important stock keeping units (SKUs), based on either sales volume or
profitability, are “Class A” items, the next-most
Q-5.
List and explain the various costs of quality. Give examples.
Answer:
Cost of quality is a method for calculating the costs companies incur ensuring
that products meet quality standards, as well as the costs of producing goods
that fail to meet quality standards.
The
goal of calculating cost of quality is to create an understanding of how
quality impacts the bottom line. Whether it’s the cost
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