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DRIVE
SPRING 2016
PROGRAM
MBA
SEMESTER
II
SUBJECT
CODE & NAME MB 0044 - PRODUCTION AND OPERATION
MANAGEMENT
1.
Write Short notes on
a.
Phases of Operations Strategy
b.
Operations Strategy as a Competitive Weapon
c.
Strategic Importance of Forecasting
Answer: a) Phases of Operations Strategy
Quality – Quality is the
driving factor for any organisation. When buying a product, a customer will
always think about the value of the money he or she is investing. Even if the
price of the product is high, the quality of the product will provoke the
customer to buy
2.
Explain following Rating methods
a.
Factor rating method
b.
Point rating method
c.
Break-even analysis
d.
Centre of gravity method
Answer: a)
In factor rating method, each of the
factors for location is rated and the rating of the competitive locations is
considered. Then, the products of the rating are added and the location
3.
Describe following dimensions of quality with appropriate examples.
a.
Quality of design
b.
Conformance to design
c.
Utilisation conditions
d.
After sales service
Answer: Quality
is inherent in the product or service that is rendered to the customer. Since
we are attempting to measure the same, we will look into those aspects of
quality, called dimensions of quality.
Quality of design – A product is
designed keeping in view the customers’ requirement. For designing
4.
Project management can be considered to have following five dimensions which
are necessary to be managed. Explain.
a.
Features
b.
Quality
c.
Cost
d.
Schedule
e.
Staff
Answer: Project
management can be considered to have five dimensions which are necessary to be
managed. The dimensions are Features, Quality, Cost, Schedule, and Staff.
The
five dimensions of project management are dependent of one another. For
example, if you add staff,
5.
Explain the risk management and its various components
[Definition of
risk management and what it entails-2
Description of
the four components of risk management
·
[Risk assessment
·
Risk control
·
Risk prioritising
·
Risk mitigation]
Answer: Risk
management aims to identify the risks and then take actions to minimise their
effect on the
6.
Why redesign of layouts may be necessary? List the differences between product
and process layout.
[Listing of
reasons why redesigning of existing layout is required-5]
Listing of any
five differences-5
Answer: Layout decisions are important for three
basic reasons:
Ø They
require substantial investments of both money and effort
Get fully solved assignment. Buy online from website
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if urgent then
call us on 08791490301, 08273413412
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