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DRIVE
SUMMER
2016
PROGRAM
MBA
SEMESTER
IV
SUBJECT
CODE & NAME
OM
0017 – ADVANCED PRODUCTION AND PLANNING CONTROL
Q.1:
Explain Descriptive and Normative Theories of production planning and control.
A
Descriptive Theory
Normative
Theory
ANS:
Descriptive
Theory:
Descriptive Theory is based on knowledge
of historical or existing production. This theory is either formally studied in
Q.2:
Explain the concept of Master Schedule. Also define the Characteristics of the
master schedule.
A
Concept of Master Schedule
Characteristics of the master schedule
ANS:
Concept
of Master Schedule:
Master schedule is the presentation of
the production schedule at the summary level, depicting various key elements,
resulting from the process of master scheduling. In simple words, it can also
be said that the master schedule is a plan or
Q.3:
Define the various steps of VA.
A
Various steps of VA
ANS:
Various
steps of VA:
Step
1:Information stageIn the first step, all the relevant
information about the material is collected. This information comprises cost,
manufacturing methods, performance characteristics, etc. It is not only the
first step but also an important step of VA, because more detailed the
information, better is the analysis. Lack of information leads
Q.4:
Write Short notes on
a.
Hybrid 1: MRP with lean principles
b.
Hybrid 2: Kanban with MRP planning
c.
Hybrid 3: MRP for capacity and long lead time
d.
Hybrid 4: Pull system with spike control
ANS:
a.
Hybrid 1: MRP with lean principles:
When the demand pattern is very stable
and has a radical design change of product, most of the planning and execution
can be achieved by using MRP. However, to provide better stability to the
system, some of the lean principles are also used to integrate with MRP. One of
the disadvantages of MRP is that it needs timely and accurate
Q.5:
Differentiate between Mass Production and Batch Production.
A
Mass Production
Batch
Production
ANS:
Mass
Production:
A term sometimes used in the popular
press for a line process that uses the make-to-stock strategy. Mass production
is the process
Q.6:
Elaborate various Elements of cost.
A
Elements of cost
ANS:
Elements
of cost:
The total cost consists of three
elements namely, material, labour, and expenses. These three elements are
further classified into direct and
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