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(Spring/Feb 2013)
Master of Business Administration – MBA Semester 3
“Operations Management” Specialization
OM 0010 – Operations Management (4 credits)
(Book ID:B1232 )
ASSIGNMENT- Set 1
Marks 60
Note: Assignment Set -1 must be written within 6-8 pages. Answer all questions.
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
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
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:
- auto insurance
- vehicle tax
- car repair/maintenance
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
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:
- Quality is conformance to requirements, not ‘goodness’
- Prevention, not appraisal, is the path to quality
- Quality is measured as the price paid for non-conformance and as indices
- Quality originates in all factions. There are no quality problems. It is the people, designs, and processes that create problems
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 density function. More complex experiments, such as those involving stochastic processes
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