This Paper has 28 answerable questions with 0 answered.
I—13(OPM)
Revised Syllabus |
| Time Allowed : 3 Hours | Full Marks : 100 |
| Answer Question No. 1 which is compulsory and any two |
| from Section I & any two questions from Section II |
| Marks |
| 1. | (a) | What do the following abbreviations stand for? | 1x5 | |
| | | (i) | AMT | | (0) |
| | | (ii) | FMS | | (0) |
| | | (iii) | VFM | | (0) |
| | | (iv) | GT | | (0) |
| | | (v) | CNC | | (0) |
| | (b) | Match the words (a) to (j) under Column A with the corresponding words under Column B's (i) to (x) | A | B | (a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j) | Jigs
Annealing
FSN Analysis
Fixture
Factor comparison Method
Fork lift Trucks
Bill of Materials
Industrial Engineering
Pay Back period
Consumer's Risk | (i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
(viii)
(ix)
(x) | Inventory Control
Material Handling
Job Evaluation
Quality Control
Investment decision
Tool Holding
Method Study
Production plan
Work piece holding
Heat treatment |
| ½x10=5 | (0) |
| | (c) | Match the Statement in Column A with the Statement under Column B: | (A) | (B) | | (i) | Balancing Project | (a) | Enable to continue in business and
complete effectively. | | (ii) | Moderisation Project | (b) | Are undertaken to maintain
production at acceptable efficiency level. | | (iii) | Expansion Project | (c) | Seeks profitable investment
opportunities in altogether new area. | | (iv) | Diversification Project | (d) | Minimise under utilisation of capacity | | (v) | Replacement Project | (e) | Enables enlargement of the plant capacity. |
| 1x5=5 | (0) |
| | (d) | Define the following in not more than two sentences: | 1x5=5 | |
| | | (i) | Benefit–Cost ratio; | | (0) |
| | | (ii) | Conceptual Phase of Product–life cycle: | | (0) |
| | | (iii) | Leasing financing; | | (0) |
| | | (iv) | Item Rate Contract; | | (0) |
| | | (v) | Event Slack. | | (0) |
| 2. | (a) | The Production Manager of a company is very much reluctant to initiate any action to improve productivity during the recession in his industry. Enumerate your views in the above context. | 6 | (0) |
| | (b) | Dumpers are used to transport the Steel Ingot from the Melting shop to Ingot yard, which is situated at a distance of 0.6 km from the Melting shop. The capacity of the dumper is 8 tonnes. Due to speed restrictions, within the factory the dumper cannot run beyond 12 km/hour. In order to avoid congestion in the Melting shop, a minimum transportation of 3200 Tonnes is necessary per shift (of 8 hours duration).
Find the number of dumpers that would be required. Ignore the loading and unloading time. | 8 | (0) |
| | (c) | Name the important principles of Material Handling. | 6 | (0) |
| 3. | (a) | List the important points that are to be checked thoroughly for assessing the soundness of a plant layout. | 10 | (0) |
| | (b) | Explain briefly the various types of maintenance undertaken in manufacturing operations. | 10 | (0) |
| 4. | (a) | Is “Wage Incentive Scheme” the only way for increasing labour productivity? Comment precisely. | 8 | (0) |
| | (b) | Six jobs are to be carried out at three machines in the order:
Lathe ? Milling ? Boring The data related to the time taken by each job on the 3 machines is given below. Each machine can process one job at a time. | Time–Seconds | | Job | Milling | Lathe | Boring | 1
2
3
4
5
6 | 300
400
200
100
400
300 | 500
800
900
700
600
750 | 400
800
700
600
200
450 |
You are required to– | (i) | Determine the optimal sequence of the job. |
| (ii) | Ascertain the minimum elapsed time. |
| 6+6 | (0) |
| SECTION II |
| Answer any two out of the following questions under Section II. |
| 5. | (a) | INTEL Project is having the following activities and their time estimates: | Activity | Predecessor | Time (days) | | Optimistic (a) | Likely (m) | Pressimistic (b) | A
B
C
D
E
F
G
H | –
A
A
B
C,B
E
D
F,G | 2
8
14
4
6
6
18
8 | 4
12
16
10
12
8
18
14 | 6
16
30
16
18
22
30
32 |
(i) Draw a PERT Network for the project.
(ii) Identify the critical path and calculate the earliest expected time to complete the project. | 5+3+2 | (0) |
| | (b) | What is 'pay back period'? Under what situations investment decisions are mainly guided by pay–back period method? | 2+2=4 | (0) |
| | (c) | What are the main differences between PERT & CPM? | 6 | (0) |
| 6. | (a) | S Limited has Rs. 10,00,000 allocated for capital budgeting purposes. The following proposals and associated Profitability Index have been determined. | Project | Amount (Rs.) | Profitability Index | 1
2
3
4
5
6 | 300,000
150,000
350,000
450,000
200,000
400,000 | 1.22
0.95
1.20
1.18
1.20
1.05 |
Which of the above investment should be undertaken?
Assume that the Projects are indivisible and there is no alternative use of the money allotted for capital budgeting. | 10 | (0) |
| | (b) | How gestation period of an on–going project affects Project financing decisions? | 2 | (0) |
| | (c) | How to combat the dilemma of project failures especially due to the shortage of funds from the Government coffers. | 8 | (0) |
| 7. | (a) | An Investor wants to invest in a profitable project considering the opportunities available and business environment. As a Cost Accountant, suggest some sources for Project identification. | 10 | (0) |
| | (b) | What is Feasibility Study? | 6 | (0) |
| | (c) | What are the main objectives of pre–feasibility Study? | 4 | (0) |
