7/21/2019 Internal Assignment http://slidepdf.com/reader/full/internal-assignment 1/42 INDIAN INSTITUTION OF INDUSTRIAL ENGINEERING Submission of Internal Assignment February 2016 Examination The Internal Assignment for Preliminary, Section A & B will be required to be submitted by those students appearing for February 2016 exam. All eligible students are hereby directed to submit the completed Internal Assignment for the subjects they are appearing for February 2016 exam on or before 31 st December 2015. INSTRUCTIONS FOR ASSIGNMENT SUBMISSION 1. Please write carefully your Name, Student membership number, Subject name on the each assignment. 2. Assignments must be hand written on legal size paper and shall be submitted on or before 31 st December 2015.3. The fees for Internal Assignment will be Rs. 100/- per subject. This is to be paid through Demand Draft drawn in favour of “ Indian Institution of Industrial Engineering’’, payable at Mumbai and sent along with assignment. 4. Assignment is important aspect of examination. It is obvious that if you get good marks in assignment your overall percentage shall improve. The weightage for the Internal Assignment will be 20% of the total marks in respective subject. 5. Solve all the questions and all the sub questions ( do not leave any questions or sub questions). Detailed answers are expected. 6. The paper should be written neat and clean. Leave left margin, top margin and bottom margin. Write up should be legible. 7. Use legal size ruled papers for writing the answers. Write on both sides of paper. 8. The expected length of answer shall depend upon the nature of the question. 9. Answers shall include the definition, Diagrams, Tables, examples, etc. depending on the nature of question.
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The Internal Assignment for Preliminary, Section A & B will berequired to be submitted by those students appearing forFebruary 2016 exam. All eligible students are hereby directed tosubmit the completed Internal Assignment for the subjects theyare appearing for February 2016 exam on or before 31st December 2015.
INSTRUCTIONS FOR ASSIGNMENT SUBMISSION
1. Please write carefully your Name, Student membership number,Subject name on the each assignment.
2. Assignments must be hand written on legal size paper and shall besubmitted on or before 31st December 2015.
3. The fees for Internal Assignment will be Rs. 100/- per subject. This is
to be paid through Demand Draft drawn in favour of “IndianInstitution of Industrial Engineering’’, payable at Mumbai andsent along with assignment.
4. Assignment is important aspect of examination. It is obvious that ifyou get good marks in assignment your overall percentage shallimprove. The weightage for the Internal Assignment will be 20% of thetotal marks in respective subject.
5. Solve all the questions and all the sub questions ( do not leave anyquestions or sub questions). Detailed answers are expected.
6. The paper should be written neat and clean. Leave left margin, topmargin and bottom margin. Write up should be legible.
7. Use legal size ruled papers for writing the answers. Write on bothsides of paper.
8. The expected length of answer shall depend upon the nature of thequestion.
9. Answers shall include the definition, Diagrams, Tables, examples, etc.depending on the nature of question.
IEB 01 FACILITIES PLANNING & MANAGEMENTInstructions: All questions are compulsory
Q.1. a) What are the important factors to be considered whileselecting location for each type of following:
(i) Engineering College
(ii) Hospital(iii) Sugar Factory
(iv) Chemical Factory(v) Ice Plant (10)
b) Discuss following types of plant layouts in detail
(i) Product Layout
(ii) Process Layout
(iii) Group Layout
(iv) Flexible Layout (10)
Q.2. a) The cost of equipment is Rs. 60,000 and its scrap value is Rs.3,000. The life of equipment is 8 years. The maintenancecost for each year is given in following table:
Year 1 2 3 4 5 6 7 8
Maintenance
Cost 1000 2000 3500 5000 8000 11000 16000 24000
When the equipment is due for replacement? (10)
b) How will you use DCF techniques in equipmentreplacement? (10)
IEB 02 – SUPPLY CHAIN AND LOGISTICS MANAGEMENT Instructions: All questions are compulsory
Q.1. a) List and enumerate the key issues in Supply Chain Management. (10)
b) What is Economic lot size model? Write explanatory
notes on the same. (10)
Q.2. a)What are the components of Warehousing and distribution center costs? In this context explain the concept of "Inventory Turnover ratio" (10)
b) Explain the factors you will consider in identifying
potential locations for new warehouses. (10)
Q.3. a) List the methods for coping with the Bullwhip Effect. Explain two of them in detail. (10)
b) Write explanatory notes on "Logistics ManagementProcess". (10)
Q.4. a) "As we move rapidly into the era of supply chain competition "4 Rs" guide the supply chain manager. List the 4 Rs and explain them briefly. (10)
b) What are the goals of Supply Chain IT? Explain with anillustration. (10)
Q.5. a) Write short notes on "Total Cost of Ownership" (10)
b) List any four of the effective inventory reduction strategies and write explanatory notes on them. (10)
IEB 03 – PRODUCTION & OPERATION MANAGEMENTInstructions: All questions are compulsory
Q.1. a) A work center has the following Released orders and planned orders for the period i. calculate the total standard time required on this work center in the period i from the following information: (10)
Order Set up Run time
quantity time (hrs/piece)
Released orders
Part A 150 1 0.5
Part B 200 1.5 0.6
Planned orders
Part C 300 3.5 0.4
Part D 400 4 0.15
b) Compare manufacturing organizations with serviceorganizations? (10)
Q.2. a) What do you understand by Aggregate Planning? How it helps Operation's Manager? (20)
Q.3. a) Define JIT? Explain its relevance in today's competitive era? (10)
b) Explain the concept of Operations Management from
systems perspective? (10)
Q.4. a) Define MIS? Explain the significance of MIS for a Operations Manager in decision making? (10)
Instruction: All questions are compulsory _______________________________________________
____________________
Q.1. Write one Basic and one Secondary function of each of the following : (20)
a) Micro Oven
b) OHP
c) Shoes
d) Radiator
e) Door
f) Newspaper
g) Window
h) Olympics i) Business
j) ISO System
Q.2. What are the various incentives that can be considered for motivating the individuals to be innovative? How do innovative individuals contribute to the innovation culture in the organization? (20)
Q.3. a) Explain the technique of FMEA with the help of a suitable example. (10)
b) Explain the behavioral and organizational aspect ofvalue engineering in details with example. (10)
Q.4 a) Describe Argus Chart. (10)
b) What is Value Engineering and Value Analysis. (10)
(b) If the store were to introduce a new style W, whichmanufacturer can supply it?
How many of W can he supply?
Q.3. Explain the following methods along with their mathematical formulations. (20)
a) Hooks and Jeeves method
b) Conjugate gradient method
Q.4. The following figure shows the route map of various branch offices of a company. The marketing executive of the company should like to start from Head office at A and reach the branch office at B by traveling shortest path and visiting as many as
branch offices. Help him to plan his journey by using dynamic programming technique. (20)
Q.5 a) Find the maximal flow from A to G. (10)
b) Explain the variance reduction method. Write downapplications of simulation. (10)
Q.1. a) What is meant by maintenance job planning? Discuss various step of maintenance job planning. (10)
b) What is maintenance job manual? What are its uses? (10)
Q.2. a) Discuss weibull analysis in relation to failure analysis? (10)
b) A certian type of electric component has a uniform failurerate of 0.00001 per hour. What is its reliability for aspecified period of service of 10,000 hours? (10)
Q.3. Define & discuss following :
a) Wear and Tear of equipment (07)
b) Obsolescence of equipment (07)
c) Physical decay of equipment (06)
Q.4. a) In a maintenance repair operation, four jobs may be performed by any of the four maintenance persons. The hours required for each job by each person is given below. The plant foreman like to assign jobs so that total repair time is minimized. Use the assignment methods to find the best solution. Calculate total minimum
Instructions: All questions are compulsory _________________________________________________________
Q.1. a) Distinguish between the following: Proprietary - Partnership - Private Limited Company - Public Limited Company (10)
b) Rajat Ltd's WACC is 11% and its tax rate is 35%.Rajat's pre-tax cost of debt is 10% and its debt-equity
ratio is 0.6:1. The risk free rate is 8% and the marketrisk premium is 7%. What is the Beta of Rajat's equity?
(10)
Q.2. a) Deposits of Rs 1000 each shall be made every year for 5 years in a row. The deposits shall earn compound interest rate at 10% p.a. It has to be assumed that the deposits are made at the end of each year. What will be
the value of this series at the end of 5 years? (10)
b) Ram Enterprises is currently at its target debt - equity ratio
of 4:5. It is evaluating a proposal to expand capacity which
is expected to cost Rs 4.5 million and generate after-tax
incremental cash flows of Rs 1.0 million per year
for the next 10 years. The tax rate of company is 25%. Calculate the NPV of capacity expansion project. Should the firm undertake this capacity expansion? (10)
Q.3. a) Write a note on leverage ratios and list them down. Explain any two ratios in detail with formula. (10)
b) Write a short note on: Parties in standard Project Finance.
Explain the.same with the help of a hypothetical
infrastructure project (any one from power plant, road,
Q.4. a) What are Operating Cycle and Cash Cycle? Depict these on a line chart (starting from Order Placement and ending
at Cash Receipt). (10)
b) For ABC Limited, Avg Inventory is 99, Avg. AccountsReceivable is 88 and Avg. Accounts Payable is 58. What is Inventory Period, Accounts Receivable Period, Accounts Payable Period, Operating Cycle and Cash Cycle of ABC? (10)
Q.5. a) Write note on the following:
(i) Various types of risks in Debt Financing (any four)
(5)
(ii) Implications of corporate tax and personal tax on
capital structure? (5)
(iii) Liberalization in capital markets in India? (5)
b) What is the present value of Rs 1000 receivable 20years hence if the discount rate is 8%?
(PVIF 8% 10 ears = 0.463) (5)
Q.6. a) Distinguish between the following (10)
(i) Financial Lease vs Operating Lease (ii) Sale and Lease Back vs Direct Lease
(iii) Single Investor Lease vs Leveraged Lease
(iv) Domestic Lease vs International Lease
b) Write a short note on financial intermediaries (10)
Q.7. a) Write brief note on: (10)
(i) Equities
(ii) Preference shares
(iii) Short term loans
(iv) Long term loans
(v) Debentures
b) Determine the sales of a firm given the following
information: Current Ratio = 1.4, Acid test ratio = 1.2,Current Liabilities = 1,600, Inventory turnover ratio = 8(10)
Q.1. a) Explain with a logical Flow Chart of Monte Carlo Simulation Method to optimize the number of Teller Windows in a Retail Bank. (20)
Q.2. a) Compare and contrast the Mathematical Model with Simulation Model. (10)
b) Givevarious Simulation variables and explain their role
in decision making.
(10)
Q.3. Air India successfully apply a cash budget simulator for analyzing its future cash flow position. Based on your knowledge of cash budgeting, develop Air India's Model describing variables used and simulation process. (20)
Q.4. a) Simulation is widely used in Business. Based on your experience, select a Business of your choice and write a short description of Simulation application. (10)
b) Give examples of Data requirements in Inventory
imulation Model? (10) Q.5. Shiva's Auto World has a policy of placing an order for 27 of the
most popular model whenever inventory reaches 20. Lead timeon delivery is two weeks, and 25 automobiles are currently on
hand. Simulate 30 weeks' worth of sales using the following
probabilities that were derived from historical information:
Q.6. The following frequency distribution reflects the number ofsystem failures experienced per week by a Call Center duringthe past year:
Number of Breakdowns Frequency
0 5
1 10
2 20
3 8
4 7
a) Find the probability and cumulative probability of zero tofour breakdowns. (5)
b) Use the Random Numbers: 69, 73, 16, 65, 01, 71, 91,99, 18, 33, 65, 86, 94, 39, 38, 84, 45, 91, 03, 81, 58, 30, 36, 70, 05, 21, 38, 32, 66, 98 and simulate breakdowns for a 30- week period. Determine the mean number of breakdowns and compare this to the expected number of breakdowns based on the historical data. (10)
c) From the answers of a) and b),what decision can the CallCenter make? (5)
Q.7. A local News Paper vendor sells papers for Rs. 5.00. The Paper cost him Rs. 4.00, giving him a Rs. 1.00 profit on each one he sells. From past experience, he knows that:
20% of the time he sells 100 Papers
20% of the time he sells 150 Papers 30% of the time he sells 200 Papers
30% of the time he sells 250 papers
Assuming that he believes that the cost of a lost sales is Rs. 0.50 and any unsold Papers cost him Rs. 2.50, simulate his profit outlook over 30 days if he orders 200 Papers for each of the 30 days. Use the following random numbers: 37, 60, 79,
IEE 12 – ENTREPRENEURSHIP DEVELOPMENT Instructions: All questions are compulsory
Q.1. Enumerate various characteristics of entrepreneur. Discuss skills/competencies important for entrepreneur and their significance in present day context of globalization. (20)
Q.2. Discuss the Salient features of present industrial policy and economic environment of our country and world. (20)
Q.3. Discuss entrepreneurial decision process in detail. (20)
Q.4. What is project feasibility? Discuss in detail about contents to be included while preparing a feasibility report for starting a small manufacturing unit. (20)
Q.5. What is Break even analysis? Explain its significance from entrepreneur point of view. (20)
Q.6. Define following terms and their significance; (20)
Q.1. a) What is the purpose of materials management? Why canmaterials management be considered a balancing act? (5+5)
b) 'Integrated Materials Management aims at cost reduction
and integrates, coordinates and entwines'. Discuss thestatement. (10)
Q.2. a) Explain collective opinion approach for demand forecasting. State the merits and demerits of this method. (10)
b) The annual sales of a company are given below:
Year 2010 2011 2012 2013 2014
Sales in Rs. 200000 250000 275000 350000 450000
By the method of least squares, find the trend values for each of the five years. Also estimate the annual sales for the year 2015. (10)
Q.3. a) Describe the costs associated with the inventories. (10)
b) ABC manufacturing company needs ball bearings of
worth Rs. 28,800 per year. The cost of placing an orderis Rs. 48 and inventory carrying cost as a percentage ofaverage inventory investment is 12%. Determine:
(i) Value of each assignment.
(ii) Number of orders per year (10)
Q.4. a) Describe in details ABC analysis with the help of neat diagram. State its applications. (10+2)
Compute the Net present Value of both the projects atdiscount rates of 12 % & 14%. Which project you will selectfor investment at 12% & 14% discount rate.
Q.3. Explain the following six broad phases of Capital Budgeting: (20)
a) Planning
b) Analysis
c) Selection
d) Financing
e) Implementation
f) Review
Q.4. Discuss any four methods of Demand Forecasting: (20)
a) Trend projection Method
b) Consumption level Method
c) End Use Method
d) Leading indicator Method
e) Econometric Method
Q.5. Discuss the following: (20)
a) Break even Analysis
b) Projected Cash flow statement
c) Work Break Down Structure
Q.6. Explain the following with examples: (20)
a) Program Evaluation and Review Technique(PERT)
b) Critical Path Method (CPM)
c) Project Management Software
Q.7. A project consists of 6 activities and their time estimates are given below: (20)