Dear students get fully solved assignments Send your semester & Specialization name to our mail id : help.mbaassignments@gmail.com or call us at : 08263069601

1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
ASSIGNMENT
Course Code : MS - 53
Course Title : Production/Operations Management
Assignment Code : MS-53/TMA/SEM - I /2016
Coverage : All Blocks
Note : Attempt all the questions and submit this assignment on or before 30th April, 2016 to the
coordinator of your study centre.
Question. 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.
Answer: The InformationAge (alsoknownasthe ComputerAge,DigitalAge,or New Media Age) is a
period in human history characterized by the shift from traditional industry that the Industrial
Revolutionbroughtthroughindustrialization,toaneconomybasedoninformationcomputerization.
The onset of the Information Age is associated with the Digital Revolution, just as the Industrial
Revolution marked the onset of the Industrial Age.
Duringthe informationage,the phenomenonisthatthe digital industrycreates a knowledge-based
society surrounded by a high-tech global economy that spans over its influence on how the
manufacturing throughput and the service sector operate in an
Question. 2. Over the years, many variations on classical Delphi
have been forwarded. Briefly discuss these variants.
Answer: The Imen-Delphi (ID) procedure was developed as a variant of the classical Delphi
forecastingtechnique (Passig 1993, 1996, 1997, 1998, 2000). The classical Delphi technique is based
on the assumptionthatgroupjudgmentof trendscanenhance the validity of the forecast (Linstone
& Turoff 1975, Woudenberg1991). The RAND Corporationdevelopedthe classical Delphiinthe early
1950’s in a project that was funded by the US Air Force (Brown 1968, Helmer 1966a,b). It was made
public only a decade later.

2. As Delphi has spread, many variants of the process have emerged out of the conventional
procedure. Each variant aimed at improving the procedure in order to respond to needs and
critiques. The attempts to refine the Delphi
Question. 3. Capacity will be modified in response to demand.
Demand will be modified in response to capacity. Which of these
two statements is correct? Why?
Answer: Whenan organization has a clear grasp of its capacity constraints and an understanding of
demand patterns. It is in a good position to develop strategies for matching supply and demand.
There are two general approaches for accomplishing demand and capacity.
 The first is to smooth the demand fluctuations themselves by shifting demand to match
existing supply.
 The second general strategy is to

Question. 4. What are the different criteria for scheduling job
shop production system? Give their justification also.
Answer: Nowadays, many approaches like lean manufacturing, finite capacity scheduling, quick
response manufacturing(QRM),CONWIP,the theoryof constraints(TOC),etcare being adopted for
productioncontrol and management. All these approaches provide a rough or detailed production
schedule either in real time or in advance. The following is a brief discussion of a few production
scheduling methods including the manual efforts.
1. Manual Scheduling: Quite often, a scheduler’s role is confined to tracking job progress on the
shopfloorand reportit to management.There are severaljobshopswhere productionscheduling is
simplified by the following practice:
Question. 5. Inventory of material provides operational flexibility.
But, many flexible operational systems need little inventory.
Explain this seeming contradiction.
Answer: Companiestodaymustbe fast and nimble enough to react quickly to changes in customer
demandanddo it withlittle inventory.Gone are the dayswhenmanufacturers could stockpile large
quantitiesof rawmaterials,loadupthe shop floor with work-in-process and pack warehouses with
finishedgoods. The old ways caused erratic and long lead times, high costs and required too much
cash for working capital.

3. In a survey conducted by R. Michael Donovan & Co. Inc., 82 percent of senior executives who
responded said that inventory reduction was a major concern. Some saw inventory as just
somethingthatabsorbsmassive amounts of cashwhile othersrecognizedthathighinventorieswere
an indicationof otherseriousproblems.Certainly,moneytiedupininventory could be better spent
elsewhere:new productdevelopment,expandedmarketingand sales, acquisitions, modernization,
re-engineering, expansion, debt reduction, and many others.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601