Birla Institute of Technology %28BIT Mesra%29 2006 JUST-IN-TIME MANUFACTURING - Question Paper
Saturday, 19 January 2013 10:00Web
Birla Institute of Technology & Science, Pilani
Distance Learning Programmes Division
Second Semester 2004-2005
Mid-Semester Test
(EC-1 Regular)
Course No. : MM ZG542
Course Title : JUST-IN-TIME MANUFACTURING
Nature of examination : Closed Book
Weightage : 40%
Duration : two Hours
Date of examination : 20/02/2005 (AN)
Note:
1. Please follow all the Instructions to Candidates provided on the cover page of the ans book.
2. All parts of a ques. should be answered consecutively. every ans should begin from a fresh page.
Q. 1. Why is it important for the builder of production system models to completely understand the components of any accounting figure? [4]
Q. 2. List down the dimensions that are used to classify a production system and categorize the production system based on these dimensions. Also, discuss the differences ranging from make to order, make to stock and assemble to order production system. [6]
Q. 3. The monthly demand for a product manufactured by the XYZ company has been as follows:
Month
Unit
Month
Unit
May
100
September
105
June
80
October
110
July
110
November
125
August
115
December
120
a. The initial forecast for May was 105 units and 2 values of a are examined: a = 0.2 and a = 0.50. Use the exponential smoothing method to forecast the number of units for June-January using these 2 values.
b. Which value of smoothing constant (a) is preferred and why? [6 +1]
Q. 4. explain briefly about the operational decision in distribution system. [5]
Q. 5. The ABC Knitwear Company is India’s largest producer of woollen sweaters. As you might suspect, sweaters exhibit a highly seasonal demand pattern, with peaks during the winter months and valleys during the summer months. provided the subsequent costs and quarterly sales forecasts, design a production plan that will economically meet demand. What is the cost of the plan?
Quarter
1
2
3
4
Sales Forecast
50,000
150,000
200,000
52,000
Inventory carrying cost Rs.3.00 per sweater per quarter
Production per employee 1000 sweaters per quarter
Regular workforce 50 workers
Overtime capacity 50,000 sweaters
Subcontracting capacity 40,000 sweaters
Cost of regular production Rs.50 per sweater
Cost of overtime production Rs.75 per sweater
Cost of subcontracting Rs.85 per sweater [6]
Q. 6. explain the difference in assumption ranging from the Economic order volume (EOQ) and Economic manufactured volume (EMQ) models. How does this affect the development of cost function in the 2 models? [6]
Q. 7. describe production authorization and discuss briefly the production authorization options with neat diagrams. [6]
Earning: Approval pending. |