This Paper has 45 answerable questions with 0 answered.
F—13(OPM) Revised Syllabus |
Time Allowed : 3 Hours | Full Marks : 100 |
The figures in the margin on the right side indicate full marks |
Answer Question No. 1 & Question No. 6, which are compulsory and any two other questions from Section I and any two other from Section II. |
Please answer all the bits of a question at one place. |
Section I |
Marks |
1. | (a) | Match each item in the left hand column–I with an appropriate item in the right hand column–II Column–I | Column–II | (A) (B) (C) (D) (E) (F) (G) (H) (I) (J) | Assembly Line Scheduling Fractionalization Work study Mortality Curve Black Oxidation Counter boring Drawing Tempering Brazing | (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) | F.W. Taylor Surface Treatment Meredith & Gibbs Machining Metal Forming Gilbreth Joining Heat Treatment Henry Ford Henry Gantt | | ½x10 | (0) |
| (b) | Explain the following acronyms: | 1x5 | |
| | (i) | VFM; | | (0) |
| | (ii) | SCM; | | (0) |
| | (iii) | CNC; | | (0) |
| | (iv) | DS/RO; | | (0) |
| | (v) | MRP. | | (0) |
| (c) | Select the appropriate Answer from the alternatives given: | 1x5 | |
| | (i) | Market proximity is a must for which of the following Industries? (A) (B) (C) (D) | OEM Industry; Textile Industry; Hotels and Hospitals; Oil Refinery. | | | (0) |
| | (ii) | Rotable Spares are; (A) (B) (C) (D) | Repairable and reusable; not repairable; not reusable; supplied by OEM. | | | (0) |
| | (iii) | Job Evaluation Techniques do not include (A) (B) (C) (D) | Job Ranking; Job classification; point Rating; Retaining Needs. | | | (0) |
| | (iv) | Which of the following Industries can not hold an inventory of its outputs ? (A) (B) (C) (D) | Manufacturing Industry; Transport Industry; Supply Industry; Restaurant Kitchen. | | | (0) |
| | (v) | Cutting tools are produced from (A) (B) (C) (D) | High Speed Steel; Neckel; Cobalt; Silica. | | | (0) |
| (d) | Define the following terms in just a sentence or two: | 1x5 | |
| | (i) | Statistical Quality Control; | | (0) |
| | (ii) | Standard Time; | | (0) |
| | (iii) | Work sampling; | | (0) |
| | (iv) | Job Specification; | | (0) |
| | (v) | Route Card. | | (0) |
2. | (a) | What do you understand by the term ‘Utilities’ in a factory? Briefly describe the different ‘Utilities’ required in a factory? | 6 | (0) |
| (b) | M/s. ABC Ltd., makes four components, P, Q, R and S for which costs in the forth–coming year are expected to be as follows: | P | Q | R | S | Production (unit) Unit marginal costs: Direct Material Direct Labour Variable prodn. Overhead | 1000 Rs. 4 8 2 | 2000 Rs. 5 9 3 | 4000 Rs. 2 4 1 | 3000 Rs. 4 6 2 | | 14 | 17 | 7 | 12 |
Directly attributable fixed cost per annum and committed fixed costs are as follows: Incurred as a direct consequence of making P Incurred as a direct consequence of making Q Incurred as a direct consequence of making R Incurred as a direct consequence of making S Other fixed cost committed | 1,000 5,000 6,000 8,000 30,000 50,000 |
A sub–contractor has offered to supply units of P, Q, R and S for Rs. 12, Rs. 21, Rs. 10 and Rs. 14 respectively. Decide whether to make or buy components. | 9 | (0) |
3. | (a) | Draw a comparison between ‘Type grouping’ and ‘Sequence grouping’ in a factory. | 5 | (0) |
| (b) | A Co. is engaged in manufacturing spark plugs for automobiles. The operations are performed on a CNC 3–axis drilling cum tapping centre. The operation cycle time is as follows: Drilling time Tapping time Tool change time | : : : | 45 secs; 90 secs; 25 secs. |
For feeding the spark plugs the Co. designed a fixture holding 10 sparks plugs at a time and set up time for the 10 plugs in the fixture is 80 secs. The Co. decided to augment Capacity due to an additional order to the extent of 1.10 lakhs sparks plugs per year. Assuming that manpower is no constraint, how many additional drilling tapping centers the Co. should procure under the augmentation plan? Average rejection is 2% of the produced good spark plugs. Assume 300 working days per year of 8 hrs. per day shift. 20% time, the drilling tapping centers are not available due to preventive maintenance and the utilization is 70% of the available time due to power and service line shutdown. | 10 | (0) |
4. | (a) | What are the ‘Chance Causes’ and ‘Assignable Causes’? What are their significance in SQC? | 5 | (0) |
| (b) | Discuss briefly regarding the salient features of a 100% Inspection and Sampling Inspection. | 5 | (0) |
| (c) | What is ‘Delphi’ technique? What is its applicability in a manufacturing organization? | 5 | (0) |
5. | Write Short Notes on any three out of the following: | 3x5 | |
| (a) | Standardization; | | (0) |
| (b) | Diversification; | | (0) |
| (c) | Value Analysis & Value Engineering; | | (0) |
| (d) | New horizons in Manufacturing Technology. | | (0) |
6. | (a) | Match each item in the left hand column–I with an appropriate item in the right hand column–II. Column–I | Column–II | (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) | Short Term Financing for working capital Resource Levelling Project Authority Success Planned CRAFT Letter of Credit Beta Distribution Option Clause Milestone Pollution Control | (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) | Burgess Principle Project Mgmt software Plant Layout Commercial Paper Linear Responsibility Project event Supply order Statutory Import Project Time Estimates | | 1x10 | (0) |
| (b) | Distinguish between the terms: | 2x5 | |
| | (i) | CAT & RAT Schedules; | | (0) |
| | (ii) | Sensitivity Analysis & Risk Analysis; | | (0) |
| | (iii) | BOO & BOT Projects; | | (0) |
| | (iv) | Risk Purchase & Cash Purchase; | | (0) |
| | (v) | LD Clause & Option Clause in a supply order. | | (0) |
7. | (a) | What is ‘Gestation period’ of a project? How is it important in Project Management decisions? | 3 | (0) |
| (b) | The Accounts Manager of Intel Project has studied his varying monthly cash flows and has arrived at the probabilities of cash inflows and outgo as detailed below: Cash inflow (Rs.) | Probabilities | Cash outgo (Rs.) | Probabilities | 14,000 15,000 16,000 17,000 18,000 19,000 | 0.35 0.20 0.15 0.14 0.11 0.05 | 11,000 12,000 13,000 14,000 15,000 17,000 | 0.15 0.25 0.30 0.15 0.11 0.04 |
The Manager, at the beginning of the year has Rs. 2,000 in bank. Simulate his sales and expenses over a financial year (April to March) using the following two series of random numbers. Assume that the Manager can avail of temporary overdraft facilities to cover any cash storage. How much money does the Accounts manager has at the end of the year? Series I Series II | : : | 34, 96, | 84, 57, | 38, 99, | 82, 84, | 36, 51, | 92, 29, | 73, 41, | 91, 11, | 63, 66, | 29, 30, | 27, 41, | 26 80 | | 12 | (0) |
8. | The following gives data on normal time and cost and crash time and cost for a project: Activity | Normal | Crash | | Time (weeks) | Cost (Rs.) | Time (weeks) | Cost (Rs.) | 1–2 2–3 2–4 2–5 3–5 4–5 5–6 6–7 6–8 7–8 | 3 3 7 9 5 0 6 4 13 10 | 300 30 420 720 250 — 320 400 780 1000 | 2 3 5 7 4 0 4 3 10 9 | 400 30 580 810 300 — 410 470 900 1200 | Total | | 4,220 | | |
Indirect cost = Rs. 50 per week. (i) | Draw the network and identify the critical path. [2+1] | (ii) | What are the normal project duration and the associated cost? [3] | (iii) | Find out the total float associated with each activity. [3] | (iv) | Crash the relevant activities systematically and determine the optimum project completion time and cost. [6] | | 15 | (0) |
9. | (a) | Enumerate the factors that can lead to wrong results while conducting a Market Survey using Questionnaire. | 5 | (0) |
| (b) | What category should the following projects be attributed to– Balancing/Modernisation/Replacement/Expansion/Diversification/Rehabilitation — or a combination of the above? Justify your answer. | 2x5 | |
| | (i) | Duracare Ltd., a company producing consumer durables has been having severe production constraints due to frequent and long disruption of power supply. They have their own captive power generation facility which can meet 75% of their capacity. They are considering augmenting their own generation to take care of their entire capacity at an investment of Rs. 60 lakhs. | | (0) |
| | (ii) | XYZ Ltd., produces blue detergent powder. Recent studies carried out by marketing indicate that there is a growing opportunity for while detergent powder. Producing detergent powders in two different colours in the same plant requires modification to the existing plant such as, additional facilities for storage and handling. The total investment involved would be Rs. 85 lakhs. | | (0) |
| | (iii) | Economic Producers Ltd., is an ancillary unit producing components for trucks. Their main machinery was installed 17 years back. The equipment is frequently breaking down throwing the delivery schedules out of balance. The equipment can produce 700 components per day. New equipment available for producing the same component costs Rs. 25 lakhs when a delivery time of 3 months. | | (0) |
| | (iv) | Sri Ajit Singh owns 25 acres of land on which he grows wheat. He is planning to buy a tractor to speed up his farm operations as well as reduce input costs. | | (0) |
| | (v) | Milk Products Ltd. is in dairy business, producing milk powder and ghee. Recently, a market survey carried out by the consultants appointed by the company indicates an opportunity for selling cheese. The total outlay in terms of capital expenditure would be Rs. 270 lakhs. | | (0) |
10. | Write short notes in the following: | 3x5 | |
| (i) | Brown Field Project | | (0) |
| (ii) | Zero Date of a Project | | (0) |
| (iii) | Capital Rationing. | | (0) |