MIIE 3240 HCT Forecasting for A Manufacturing Company Paper kindly answer the attached file with no plagiarism my last digit of my student id is (6) so ple

MIIE 3240 HCT Forecasting for A Manufacturing Company Paper kindly answer the attached file with no plagiarism my last digit of my student id is (6) so please follow my instructions belowin question 2 please use option 2 (Hypermarket)in question 3 please use option 2 (Shortages are not allowed.) and on part IV please use (6 or 7) for values of A,B and Canswer in a word file please. HIGHER COLLEGE OF TECHNOLOGY
DEPARTMENT OF ENGINEERING
SECTION:
CAE
EEE
MIE
Final Assignment
Semester: II A. Y: 2019 / 2020
Date of Assignment posting: 04-06-2020
Time: 3:00 PM
Date of Uploading:
Time: 3:00 PM
06-06-2020
Student Name
Student ID
Specialization
Mechanical
Level
Advanced Diploma
Course Name / Course Code
MIIE3240- Manufacturing Operation Management
Section No.
I
Moderator’s Approval:
PC’s Approval:
48 hours
Question No.
Max. Marks
PART- 1
Question No.
Max. Marks
10
PART- 4
10
PART- 2
10
PART- 5
10
PART- 3
10
Sub-Total
Marks
30
Sub-Total Marks
20
Grand Total
Marks
Obtained
Marks
Obtained
Marks
____ / 50
Course Lecturer: Mr. Prashant More
Second Marker:
Assignment instructions from Course Lecturer: (if any)
a) Except graphs, sketches and diagrams, all answers must be typed.
b) Read all the questions carefully and write the answers in your own words by interpreting it.
c) The data can be assumed as per the instructions and the source has to be mentioned properly.
d) Any type of copying and pasting the results is a punishable offence.
e) If the file cannot be uploaded in e-learning they can send by e mail before the deadline.
f) For any clarifications you can send mail as below.
1. For assignment technical clarifications: prashant.shankar@hct.edu.om
2. For e learning and uploading issues: College hotline (Open 24 X 7 )
Student’s Declaration: (to be filled by student)
Student Name: __________________
ID: _________
Signature: _________
(Digital Signature)
Page 2 of 8
Part-I- (10 Marks)
.
Q1 (a) While reading a management magazine, your lecturer recently came across an article
which had the following statement.
“…..Forecasting for a manufacturing company is an activity that requires a lot of skills.
still, one can never be sure that the predicted values are 100% accurate. However, with
appropriate measures, it can be made sufficiently accurate for practical purposes…..”
Explain in your own words a short essay (minimum 150 words) covering the following
points.
[2 marks each]
1. Do you agree with the above statement? Why or why not?
2. Why is the above statement true or false or partially true? under what circumstances/
assumptions this statement can be true or false?
3. It also talks about ‘with appropriate measures ‘ .. What can be those? what will you
do to make your predicted values more and more accurate? Explain with examples.
Q1 (b) Write with explanation (minimum 100 words) any two advantages and any two
disadvantages of network diagram.
[4]
Page 3 of 8
Part-II- (10 Marks)
Q2. Consider a situation where you are working as a mechanical engineer in a design
consultancy company. Your company creates layouts for various clients. You are a
mechanical engineer in-charge of layout preparation unit. You have AutoCAD technicians
working directly under your supervision who draw your ideas in AutoCAD.
Based on the last no. of student ID, you are preparing layout for the following:
Section I: If the last digit of your student ID is an odd number: College
Section I: If the last digit of your student ID is an even number: Hypermarket
Explain in your own words a short essay (minimum 250 words) covering the following
points.
a. Before you begin preparing layout, what data (parameters, information) will you need
from your client? Write at least four such parameters. Explain in brief.
b. Which principles will you focus while preparing layout? Why?
c. What are the areas where you and your team members will have to be extra careful?
d. What can be possible mistakes in your layout? What will you do to avoid them?
e. Consider one supermarket/college you have visited. As far as layout is concerned.
write down one good thing and one bad thing that you have experienced. How can
you incorporate good thing in your layout while avoiding bad thing?
(You may give more than one example, if you wish. But both have to be colleges, or
both have to be supermarkets, based on your question. College does not necessarily
have to be HCT. Any other college you have visited is also OK)
Page 4 of 8
Part-III- (10 Marks)
Q3. With reference to the inventory control chapter, particularly referring to the EOQ model,
that we have studied in class, answer the following questions: Explain in your own words a
short essay (minimum 150 words) covering the following points.
1. What do you mean by a model? Why do we need a model for studying inventory
control?
2. consider the following assumptions
•
Section I: Student ID ending 1, 2, 3, 4,5: Consumption is uniform.
•
Section I: Student ID ending 6, 7,8, 9, 0: Shortages are not allowed.
Write in your own words the validity of your assumption. Is this assumption correct/
incorrect/ sometime correct? Discuss under what circumstances this particular assumption
is practically possible/ impossible.
If this assumption is not made, how will it affect/change the Figure 6.2: inventory-time
diagram (shown on page 38 of handout) Draw a freehand sketch of modified inventory time
diagram and attach image within your answer file.
Page 5 of 8
Part IV- (10 Marks)
Instructions: Based on the last digit of your student ID, take the following values of A, B
and C.
Last Digit of
A
B
C
0 or 1
25
2000
10
2 or 3
25
2000
12.5
4 or 5
50
4000
15
6 or 7
50
4000
17.5
8 or 9
50
5000
20
student ID
Q4. In 2019, a manufacturing company has plotted break-even analysis graph which is
shown below. In 2020, the variable cost is expected to decrease by C% (See the table).
The company wants to keep break-even quantity the same.
a. Interpret the 2019 graph. Get the necessary values for solving further parts of this
question.
[2]
b. Find out the new selling price in year 2020.
[2]
c. Prepare a graph paper suitable for answering this question. Draw new graph (for
2020) on your graph paper. Mention scale. Take photo of your graph and insert as an
image in your answer file.
[6]
Show all calculations.
SCALE: X AXIS: 1cm = A units, Y AXIS: 1 cm = B OMR
(Take the values of A, B and C from the above table based on your student ID)
Page 6 of 8
OMR
0
Q
Scale:
X AXIS: 1cm (1 square box) = A units, (Refer value of A from the table above)
Y AXIS: 1 cm (1 square box) = B OMR (Refer value of B from the table above)
Page 7 of 8
Part-V- (10 Marks)
Q5. Salalah Tire Company purchases X thousand tires once every month (X is the last digit your
student ID, special case: if the last digit of your student ID is zero, consider X = 1) and each tire
costs OMR 50. Cost of each order is OMR 1200. Its inventory carrying cost is 6% of per unit cost
per annum. You have been assigned to suggest a more economical purchase policy for the
company. Calculate:
a. Carrying cost
[1]
b. EOQ.
[2]
c. Minimum total inventory cost per year.
[2]
d. Optimum order interval
[2]
e. How much would it save the company per year, if they follow your advice as per EOQ
model? Show all calculations.
[2]
f. Write complete conclusion.
[1]
—End of Assignment–Page 8 of 8

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