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Pscm 430: Operations Management Question Paper

Pscm 430: Operations Management

Course:Accounting,Finance And Investiments

Institution: Kenya Methodist University question papers

Exam Year:2013

KENYA METHODIST UNIVERSITY
END OF 1''ST ''TRIMESTER 2013 (EVENING) EXAMINATION
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : ACCOUNTING, FINANCE AND INVESTMENT
UNIT CODE : PSCM 430
UNIT TITLE : OPERATIONS MANAGEMENT

TIME: 2 HOURS
INSTRUCTIONS
Answer question one and any other two questions.
Question One
Differentiate between independent demand and dependent demand.
(2 Marks)
ABC manufacturing company is installing a new boiler at their new facility. The estimates of the project are given below;
Activity Proceeding Activity
A
B A
C A
D B
E C
F E
G D
H F, G
I C
J I, H

Draw the network diagram.
(8 Marks)

Differentiate between earliest stat time (EST) and latest short time (LST) of a preceeding activity.
(2 marks)

A jua kali producer has recently been facing stiff competition from the formal sector. He has embarked on a systematic approach in developing his products. As a consultant in product development which requirements must he bear in mind in his endeavors?
(10 Marks)

Discuss ways in which an organization can enhance its capacity management.
(8 Marks)
Question Two
"Operations management is a key determinant of organization’s competitiveness." Discuss.
(10 Marks)

Planning is an integral part of an operations manager job. Due to uncertainty in their planning horizon, they must use forecasting techniques to develop meaningful plans. Explain the elements of a good forecast that they must put into consideration when selecting the forecasting techniques to use.
(10 Marks)
Question Three
Project management differs significantly from operations management. Describe the characteristics of projects.
(12 Marks)

A production company has consulted an organization to analyze her operation condition as far as prices and costs are concerned. The consultant came up with the following functions
(8 Marks)
P = 800 – Q
C = Q2 + 100Q + 300
Where P – Price, C – Cost, Q – level of output
Determine:-
the revenue function
Quantity to be produced
Price for the quantity produced
Profit level of the firm
Question Four
Briefly explain the following terms;
(8 Marks)
Project technology
Job shop technology
Batch technology
Continuous flow technology
Explain the system you would follow in assisting an organization implement a just-in-time (JIT) system
(12 Marks)
Question Five
Discuss the importance of process analysis.
(8 Marks)
Explain the main techniques that an organization may use to identify potential sites for location of its plants or other types of facilities. (12 Marks)

Pscm 430: Operations Management Question Paper

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