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DRIVE
Winter
2015
PROGRAM
MBADS
(SEM 3/SEM 5)
MBAFLEX/
MBA (SEM 3)
PGDOMN
(SEM 1)
SUBJECT
CODE & NAME
OM0010
OPERATIONS MANAGEMENT
Qus:1
Define operations strategy. What are the differences between manufacturing and
service organisations in terms of operations strategy?
·
Definition
of operations
·
List
and explain differences between manufacturing and service organisations in
terms of operations strategy
Answer:
Definition
of operations:
the concept of
the operations research, which is one of the important elements of operations
management. For managing the operations of an organisation effectively, it is
important to formulate a strategy called operations strategy. An operations
strategy is a process wherein the key operations decisions, which
Qus:2 Explain the characteristics of services.
Answer:
Explanation
of characteristics of services:
There are four
characteristics of services, which are discussed as follows:
1.Characteristic
of intangibility:
Qus3: What is inventory control? Explain the factors
considered in inventory control.
·
Explain the term
“inventory control”
·
List and
describe of factors considered in inventory control
Answer:
Definition of
inventory control:
Inventory
control refers to the evaluation of policies, procedures and systems for
ensuring an adequate supply of inventory. It is also called stock control,
which is a process that involves the supervision, storage and accessibility of
goods or items. The main objective of inventory control is to ensure that an
organisation has adequate supply of goods to prevent stockouts and oversupply.
Therefore, inventory
Qus:4 Explain the applications of queuing models
·
Give the
different applications of the queuing models
Answer:
Give the
different applications of the queuing models:
Customers are
the primary source of revenue for an organisation. They are satisfied if the
organisation provides products or services at minimum cost and within the
stipulated time. If an organisation makes unwanted delays in delivering
services, customers may become highly dissatisfied and
Qus:5 Write short notes on Markov
analysis.
·
Definition
of Markov analysis.
·
Characteristics
of Markov analysis.
·
Assumptions
of Markov analysis.
·
Applications
of Markov analysis
Answer:
Definition
of Markov analysis:
Markov analysis
is a technique that is used to analyse the present behaviour of a variable and
estimate its future behaviour. The concept of Markov analysis was introduced by
Andrei A. Markov in the early 1900s. Markov
Qus:6 Describe the various types of decision making
models.
·
List the models
·
Describe the 3
decision making models
Answer:
List the
models:
Types
of Decision Making Models
Describe the 3 decision making models:
The types of
decision making models are explained as follows:
Rational
model:
In this model, logic is employed to take decisions. The decision maker analyses
all the solutions of a problem to select the most rational alternative. The
rational model uses probability techniques; however, the calculations involved
in such techniques are complex in nature. In the rational model, all the
Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
Charges rs
125/subject and rs 700/semester only.
if urgent then call us
on 08791490301, 08273413412
