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INSTRUCTIONS a) Students are required to submit all three assignment sets. ASSIGNMENT Assignment A Assignment B Assignment C b) c) d) e) DETAILS Five Subjective Questions Three Subjective Questions + Case Study Objective or one line Questions MARKS 10 10 10
Total weightage given to these assignments is 30%. OR 30 Marks All assignments are to be completed as typed in word/pdf. All questions are required to be attempted. All the three assignments are to be completed by due dates and need to be submitted for evaluation by Amity University.
Assignment A
1. Discuss the changing philosophy of operations management. What are the new trends in operations management. 2. What is the difference in strategy in developing an initial layout for a new facility as compared to the strategy in improving the layout of an existing facility? 3. Discuss the various factors to be considered to decide the location of a cement plant? How do the factors differ in case of a nuclear plant? 4. Write short notes on: (a) Capacity requirement plans (b) Rough cut capacity plans (c) Resource requirement plans 5. Actual demand differs from forecasted demand. How to adjust the aggregate plan to meet this situation?
Assignment B
Q1.) Why is materials planning needed? Discuss the various aspects of materials planning. Which other departments contribute to materials planning and in what way? Q2) What do you understand by the term corrective maintenance? In what way is corrective maintenance different from preventive maintenance and predictive maintenance? Support your answer with examples. Q3) What do you understand by Total quality Management? Discuss the objectives of total quality management. In what way the approach to Total Quality Management has changed over the last ten years?
Case study
Paradise Land Management Company
Paradise Land Management owns and operates hotels and apartment complexes near a major metropolitan area. They want to expand operations in the near future, the goal being to increase net earnings before taxes. Two alternative expansion opportunities are under considerations: the Densmore complex and the Highgate project. Both projects involve the purchase of land on which apartment building would be constructed and operated. The site for the Densmore complex is situated in a respectable, quite, sparsely populated residential neighborhood. Land for the 70-unit complex can be purchased for $60,000. Building costs are estimated at $1,680,000. Anuual maintenance costs would amount to $30,000. Apartment units would rent for $410 per month. Paradise is also conidering constructing a recreation facility nearby. It would cost $100,000 and would service both Densmore residents and the residents of the company owned Paradise west, the only existing apartment complex in the neighborhood. Paradise west, with 120 units renting for $290 per month, has had an average occupancy rate of 84% for the past three years. The addition of Densmore and the recreation facility are expected to increase Paradise Wests occupancy rate to 90% (probability 0.6) or 95% (probability 0.4). Densmores occupancy rate is expected to be 90% (probability 0.5), 85% (probability 0.3), or 80% (probability 0.2). The highgate project calls for 400 units to be constructed on land costing $220,000 in a high density population neighborhood with many competing apartments. Building costs would be $4,200,000. Rental revenue per unit would be $240 per month; anuual operating costs would be $150,000. Highgates occupancy rate is expected to be 90% (probability 0.2), 80% (probability 0.5), or 70% (probability 0.3).
Assignment C
1. Which of the following methods best considers intangible costs related to a location decision? a) Weighted method b) Location break-even analysis c) Transportation method d) Assignment method e) None of the above 2. What is the major difference in focus between location decisions in the service sector and in the manufacturing sector? a) There is no difference in focus b) The focus in manufacturing is revenue maximization, while the focus in service is cost minimization c) The focus in service is revenue maximization, while the focus in manufacturing is cost minimization d) The focus in manufacturing is on raw materials, while the focus in service is on labour 3. Service / retail / professional location analysis typically has a: a) Cost focus b) Revenue focus c) Labor focus d) Environmental focus 4. Efficiency is calculated as: a) Efficiency= Standard time * Actual time b) Efficiency= Standard time/ Actual time c) Efficiency= Actual time/ standard time d) None of the above 5. The factors involved in location decisions include a) Foreign exchange b) Attitudes c) Labor productivity d) All of the above e) None of the above 6. Industrial location analysis typically has a a) Cost focus b) Revenue focus c) Labor focus d) Environmental focus 7. Hotel chain find regression analysis useful in site location a)True b)False