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Course Code : MS-51
Course Title : Operations Research
Assignment No. : MS-51/TMA/SEM-I/2020
1. “Executives at all levels in business and industry come across the problems of making decision at every stage in their day- to day activities. Operations Research provides them with various quantitative techniques for decision – making and enhances their ability to make long range plans and solve everyday problems of running a business and industry with greater efficiency, competence and confidence”. Comment with examples.
2. Using the following cost matrix, determine (a) optional job assignment, and (b) the cost of assignments.
Machinist Job
1 2 3 4 5
A 10 3 3 2 8
B 9 7 8 2 7
C 7 5 6 2 4
D 3 5 8 2 4
E 9 10 9 6 10
3. A TV repairman finds that the time spent on his job has an exponential distribution with mean 30 minutes. If he repairs sets in the order in which they come and if the arrival of sets is approximately Poisson with an average rate of 10 per 8 hour day, what is his expected idle time each day? How many jobs are ahead of the set just brought in?
4. Shruti Ltd. has developed a sales forecasting function for its products and the products of the competitors, Purnima Ltd. There are four strategies S1, S2, S3, and S4 available to Shruti Ltd. and three strategies P1, P2 and P3 to Purnima Ltd. The pay –offs corresponding to all the twelve combinations of the strategies are given below. From the table we can see that, for example, if strategy S1 is employed by Shruti Ltd. and strategy P1 by Purnima Ltd., then there shall be a gain of Rs, 30,000 in quarterly sales to the former. Other entries can be similarly interpreted. Considering this information, state what would be the optimal strategy for Shruti Ltd.? Purnima Ltd.? What is the value of the game? Is the game fair?
Purnima Ltd’s Strategy
P1 P2 P3
Shruti Ltd’s Strategy S1 30,000 -21,000 1,000
S2 18,000 14,000 12,000
S3 -6,000 28,000 4,000
S4 18,000 6,000 2,000
5. Write short notes on any three of the following:
(a) Random Variable
(b) Functions of Inventory
(c) Dynamic Recursive Relation
(d) Practical Application of Simulation
(e) Modified Distribution (MODI) Method
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Course Code : MS-52
Course Title : Project Management
Assignment No. : MS-52/TMA/SEM-I/2020
1. “Implementing projects involving large expenditure is a strategic decision”. Explain the financial analysis of projects in view of the statement. Also, explain the economic analysis of the project.
2. “Short-term funds are required for meeting the working capital requirement of the company”, Explain the various sources for short term rupee fund.
3. “A good accounting system is a sine-qua-non for the success of any organized business activity,” Explain accounting system in the light of project management.
4. “Projects are the plans of action for hurling forward an organization in the comity of the corporate world”. Explain the concept of project. Also explain the objectives of commissioning.
5. Write short notes on the following:-
(a) Time Horizon of Demand Forecasting.
(b) Integrating Projects in Functional Organization.
(c) Objectives of Project Management Information System.
(d) Computers Simulation in Project Appraisal.
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Course Code : MS – 53
Course Title : Production/Operations Management
Assignment Code : MS-53/TMA/SEM – I /2020
1. “We have entered the age of technology; henceforth everything will be knowledge based”. Discuss the above in the context of increasing use of technology-based resources for achieving tasks.
2. “Forecasting is one input to all types of business planning and control, both inside and outside the operations functions”. Explain the application of forecasting to different functional areas in the light of the statement.
3. Discuss the relationship between work measurement and job design. Which typically follows the other? Why?
4. Why did the JIT (Just-in-time) approach evolve in Japan and not in Western countries? Write the various characteristics of Just – in –time system.
5. “As per major activity groups involved in materials management in any manufacturing organization, several issues emerge”. Write the various issues related to storage and material handling.
6. “Technology plays a key role in the development of manufacturing systems”. Explain the classification of process technology in view of the statement.
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Course Code : MS-54
Course Title : Management Information Systems
Assignment Code : MS-54/TMA/SEM-I/2020
1. “The way organizations cannot exist without MIS (Management Information System), even information does not exist without organization.” Discuss.
2. What are the features of a language which should be considered for its selection in the design of a system? Explain your answer with special reference to on-line system.
3. “Switching systems are connected to each other through point-to-point media.” Explain in the light of the statement the concept of connectivity through switched networks.
4. “Several problems may motivate management in an organization to adopt the database approach- focusing on the problem of the data.” Discuss the major problems that motivate a database approach along with the taxonomy of data structures.
5. “Computer virus is a software code that can infect other computer programs by altering them to include a copy of it.” Discuss the concept of computer virus and its main characteristics.
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