IIPM

OPERATIONAL RESEARCH ASSIGNMENT FA-2 GROUP: A 1. What is Statistical Quality Control? Explain its merits and demerits. 2. What are control charts? How is it constructed? Explain the purpose and logic of control charts. 3. Describe the different types of control charts. 4. Explain the construction and uses of mean chart and range chart. 5.What is Acceptance sampling? What factors should be considered in designing it. 6.What is an OC curve? How is the shape of OC curve affected by changes in the i) sample size ii) acceptance number. 7. What is process control? How is control charts used in process control? GROUP: B 1. What are the objectives of MRP. Describe the process of MRP. 2. Define Inventory. What are the different types of inventory? Why is it important to control inventory. 3. What is EOQ? Discuss step by step development of EOQ formula. 4. What is Re- order level? Draw a rough sketch of inventory model showing Re-order point, order quantity and procurement time. 5. Draw a diagram showing inventory level with safety stock. Give the role of safety stock and lead time in investment problems. 6. Explain with diagrams the fixed order quantity system and the periodic system. GROUP: C 1. What is Operational Research? Give the different phases of O.R. 2. What are the essential characteristics of O.R. Explian its scope and relevance in solving business problems. 3. What is Just- in Time production? What are its aims? 4. How flexible is J-I-T system? Explain. 5.What is Game Theory? Discuss its importance in business decisions. 6. Write a short note on characteristics of game theory. Group : D 1.Explain the following terms: i) Two-person zero-sum game,ii)Principle of dominance, iii)Pure strategy iv) saddle point in game theory. 2.Describe some applications of game theory. What are its limitations. 3. Discuss the difference between decision making under certainty, risk and uncertainty. 4. Describe the meaning of EMV, EOL AND EVPI. How are they computed to be used as a criterion of decision making. 5. Write a short note on decision tree. Explain its managerial applications. 6. What techniques are used to solve decision making under uncertainty? Group : E 1. How do you distinguish between resource allocation and resource leveling problems in networking? 2. Time is dominant variable in PERT. Do you agree, comment. 3.What is crashing and when is it used? What are the drawbacks of crashing a project?

4. Explain the advantages and drawbacks of PERT. 5. Explain the advantages and drawbacks of CPM. 6. What are the different types of production systems. Group : F 1. What is Learning curve? Discuss Its uses and applications. 2. What is the effect of learning on productivity and cost per unit. Also explain its limitations. 3. What is the need for facility location planning? 4. What is the effect of location on costs and revenues? 5. What are layouts? Explain the different types of layouts. 6. Describe operation scheduling system. Explain the different types of scheduling. +Group : G 1. What are the basic characteristics of inventory control system? 2. Describe the structure of decision making problem. 3. What are the advantages if decision trees.Also describe certain problems in decision tree analysis. 4. What are the varios types of acceptance sampling plan? Outline the procedure of single and double sampling plans. 5. Explain in brief the construction and uses of p-chart and c-chart.