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OPERATIONS MANAGEMENT
EMB 108
Answer any five questions
Q. 1. What are the Operations Management Decisions?
Answer:Operationsmanagementisanarea of management concerned with overseeing, designing,
and controllingthe processof productionandredesigning business operations in the production of
goodsor services.Itinvolvesthe responsibility of ensuring that business operations are efficient in
terms of using as few resources as needed, and effective in terms of meeting customer
requirements. It is concerned with managing the process that converts inputs (in the forms of raw
materials, labor,andenergy) intooutputs(inthe formof goodsand/orservices).The relationship of
operations management to senior management in
Q. 2. Explain Causal forecasting models.
Answer:Forecasting is the process of making predictions of the future based on past and present
data and analysis of trends. A commonplace example might be estimation of some variable of
interest at some specified future date. Prediction is a similar, but more general term. Both might
refer to formal statistical methods employing time series, cross-sectional or longitudinal data, or
alternativelytolessformal judgmentalmethods.Usage can differ between areas of application: for
example,inhydrology,the terms"forecast"and"forecasting"are sometimesreservedfor estimates
of values at certain specific future times, while the term "prediction" is used for more general
estimates, such as the number of times floods will occur over a long period.
Q. 3. Explain Techniques to study current process and proposed changes.
Answer:
Q. 4. Explain calculating a load-distance score
Answer:The load-distance method is a mathematical model used to evaluate locations based on
proximity factors. The objective is to select a location that minimizes the total weighted loads

2. movingintoand out of the facility. The distance between two points is expressed by assigning the
points to grid coordinates on a map. An alternative approach is to use time rather than distance.
DISTANCE MEASURES
Suppose that a new warehouse is to be located to serve Delhi. It will receive inbound shipments
fromseveral suppliers,includingone inGhaziabad. If the new warehouse were located at Gurgaon,
what would be the distance between the two facilities? If shipments travel by truck, the distance
depends on the highway system and the specific route taken. Computer software is available for
calculating the actual mileage between any two locations
Q. 5. Explain Production order quantity model
Answer:A productionplanningmodelwithstochastic demand, constant defective rate and capacity
constraint is developed to analyse the production problem of a chocolate milk manufacturer. The
model isprovento possess an optimal solution under the given conditions. An optimal production
plan is established for the firm, which is shown to be superior to the present production plan. The
sensitivity analysis performed on the optimal solution provides useful insights on the inventory
control and capacity requirement decisions of the firm.
Economic production quantity (EPQ) is the quantity of
Q. 6. What is Supply -chain management?
Answer:Supply chain management (SCM) is the management of the flow of goods and services. It
includesthe movementandstorage of raw materials,work-in-processinventory,andfinished goods
frompointof origintopointof consumption.Interconnectedorinterlinked networks, channels and
node businessesare involvedinthe provisionof productsandservicesrequiredbyend customers in
a supply chain. Supply chain management has been defined as the "design, planning, execution,
control,and monitoringof supplychainactivitieswiththe objectiveof creating net value, building a
competitiveinfrastructure, leveraging worldwide logistics, synchronizing supply with demand and
measuring performance globally."
Dear students get fully solved assignments
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