OM0017 – ADVANCED PRODUCTION PLANNING ANDCONTROL

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ASSIGNMENT

DRIVE	SPRING 2016
PROGRAM	MBA
SEMESTER	IV
SUBJECT CODE & NAME	OM 0017 – ADVANCED PRODUCTION PLANNING ANDCONTROL
BK ID	B2010
Credit & Marks	4 CREDIT, 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.

Question.1. Explain Descriptive and Normative Theories of production planning and control.

Answer:Theory of production means knowledge of what is permanent and normal in industrial production. Traditionally, this knowledge has been accumulated in tacit form in the professional skill of industrial managers and artesans, but today more and more of it is being documented in writing by researchers.

Most

Question.2. Explain the concept of Master Schedule. Also define Time Horizon of Master Schedule.

Answer:A master production schedule (MPS) is a plan for individual commodities to be produced in each time period such as production, staffing, inventory, etc. It is usually linked to manufacturing where the plan indicates when and how much of each product will be demanded. This plan quantifies significant processes, parts, and other resources in order to optimize production, to identify bottlenecks, and to anticipate needs and completed goods. Since an MPS drives much factory activity, its accuracy and viability

Question.3. Write short notes on the following

a.Hybrid system

Answer:A hybrid system is a dynamic system that exhibits both continuous and discrete dynamic behavior – a system that can both flow (described by a differential equation) and jump (described by a difference equation or control graph). Often, the term "hybrid dynamical system" is used, to distinguish over hybrid systems such as those that combine neural nets and fuzzy logic, or electrical and mechanical drivelines. A hybrid system has the benefit of encompassing a larger class of systems within its structure, allowing

b. What-if stimulation

Answer:It depends on what your symptoms are. If you have essential tremor, your tremor will not be controlled. While this is an annoyance, it is generally not considered an emergency, but you should contact your neurosurgeon or the STIM team to have the stimulator replaced as soon as possible. If you have Parkinson’s disease, the symptoms of tremor, slowness, and stiffness may come back in full force over a couple of days. In some cases, this can be an emergency because you may be unable to move. Most patients are on less

c. Turnkey or off-the-shelf solutions

Answer:A turnkey or a turnkey project (also spelled turn-key) is a type of project that is constructed so that it could be sold to any buyer as a completed product. This is contrasted with build to order, where the constructor builds an item to the buyer's exact specifications, or when an incomplete product is sold with the assumption that the buyer would complete it.

d. Management by Objectives (MOB)

Answer:Management by objectives (MBO), also known as management by results (MBR), was first popularized by Peter Drucker in his 1954 book The Practice of Management. Management by objectives is the process of defining specific objectives within an organization that management can convey to organization members, then deciding on how to achieve each objective in sequence. This process allows management to take work

Question.4. Define Production planning. Briefly explain various levels of Production Planning.

Answer:Production planning is the function of establishing an overall level of output, called the production plan. The process also includes any other activities needed to satisfy current planned levels of sales, while meeting the firm's general objectives regarding profit, productivity, lead times, and customer satisfaction, as expressed in the overall business plan. The managerial objective of production planning is to develop an

Question.5. Differentiate between Mass Production and Batch Production.

Answer:In the simplest of terms batch production is a particular sized lot of parts produced to a particular set of instructions. For example producing 50 medium green t-shirts would be a batch. Producing white medium t-shirts all day would be mass production.

Mass Production - Production of a particular component or product in a production system that can handle large volume of production but with very little to no variety in the design of the component or product. For example, an automobile ancillary can

Question.6. Write short notes on the following

a.Benchmarking

Answer:Benchmarking is the process of comparing one's business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality, time and cost. In the process of best practice benchmarking, management identifies the best firms in their industry, or in another industry where similar processes exist, and compares the results and processes of those studied (the "

b. Budgeting

Answer:A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. It expresses strategic plans of business units, organizations, activities or events in measurable terms. International Budget Partnership regularly monitors global budget information for the civil society.

d. Kaizen Costing

Answer:Kaizen costing is a cost reduction system. YashihuroModen defines kaizen costing as "the maintenance of present cost levels for products currently being manufactured via systematic efforts to achieve the desired cost level." The word kaizen is a Japanese word meaning continuous improvement.

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