CMA Inter OMSM Important Question | Dec 25
Table of Content
Operations Management
Strategic Management
CMA Inter Dec 25 Important Questions Other Subjects Blogs :
Operations Management
Introduction
Question 1:
What are the characteristics of modern operation function?
Solution:
Question 2:
Application of technology or process to the raw material to add use value is known as:
Solution:
Question 3:
(a) In an operating system’s output goods-service combination is a continuum. Explain
(b) For Outpatient ward of a general hospital name individual components in Input-Transformation process- Output system.
(c) What is the Objective of Operations Management?
Solution:
Operations Planning
Question 4:
From the following time series data of sale project, the sales for the next three years.
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Sales (₹000 units) | 160 | 180 | 184 | 166 | 188 | 198 | 184 |
Also find out the trend values for the years 2023, 2024 and 2025 and their deviations from the actual values.
Solution:
Question 5:
Which one of the following does not fall under qualitative forecasting method?
Solution:
Question 6:
Mr. RATUN, a bakery shopkeeper sells confectionary items. Past data of demand per week in hundred kilograms with frequency is given as below :
| Demand / Week | 0 | 5 | 10 | 15 | 20 | 25 |
| Frequency | 8 | 16 | 14 | 10 | 5 | 2 |
The following two digit random numbers are to be used to generate the demand for 10 weeks.
| Random Numbers | 27 | 63 | 79 | 35 | 86 | 58 |
| 38 | 67 | 95 | 52 |
Required :
(i) Using the given two digit random numbers, simulate the 10 weeks demand of confectionary items.
(ii) Analyze the average demand per week.
Solution:
Question 7:
A department works on 8 hours shift, 250 days a year and has the usage data of a machine, as given below:
| Product | Annual demand (units) | Processing time (standard time in hours) |
| X | 300 | 4.0 |
| Y | 400 | 6.0 |
| Z | 500 | 3.0 |
Determine the number of machines required.
Solution:
Designing of Operational System and Control
Question 8:
“Customers pay for the products that best fulfil their requirements and provide them the desired value”. In this Context append the characteristics of a good product design.
Solution:
Question 9:
What is Design Thinking? Briefly discuss the five stages of Design Thinking.
Solution:
Question 10:
Outsourcing is the
Solution:
Production Planning and Control
Question 11:
A pension fund manager is considering investing in two shares, A and B. It is estimated that:
(i) Share A will earn a dividend of 12% per annum and share B 4% per annum.
(ii) Growth in the market value in one year of share A will be 10 paise per Rs.1 invested and in B 40 paise per Rs invested.
He requires investing the minimum total sum which will give:
Dividend income of at least ₹ 600 per annum and growth in one year of at least ₹ 1,000 on the initial investment
You are required to:
State the mathematical formulation of the problem which will facilitate computation of the minimum sum to be invested to meet the manager’s objective.
Solution:
Question 12:
CO. CLOUDY Ltd is setting an assembly line to produce 192 units per 8-hour shift. The work elements in terms of time and immediate predecessors are given below:
| Work element | Time (sec.) | Immediate predecessors |
| A | 40 | None |
| B | 80 | A |
| C | 30 | D, E, F |
| D | 25 | B |
| E | 20 | B |
| F | 15 | B |
| G | 120 | A |
| H | 145 | G |
| I | 130 | H |
| J | 115 | C, I |
| Total | 720 |
What is the desired cycle time (or average cycle time)?
(i) What is the theoretical number of stations?
(ii) Use largest work element rule to work out a solution on a precedence diagram.
(iii) What are the efficiency and balance delay of the solution obtained?
Solution:
Question 13:
A department store has one storekeeper. The average number of customers handled by the storekeeper is 30 per hour. If the customer arrives at the store at mean rate of 25 per hour, what will be the average number of customers in the system:
Solution:
Question 14:
An automobile production line turns out about 100 cars a day, but deviations occur owing to many causes. The production is more accurately described by the probability distribution given below:
| Production/Day | Prob. | Production/Day | Prob. |
| 95 | 0.03 | 101 | 0.15 |
| 96 | 0.05 | 102 | 0.10 |
| 97 | 0.07 | 103 | 0.07 |
| 98 | 0.10 | 104 | 0.05 |
| 99 | 0.15 | 105 | 0.03 |
| 100 | 0.20 | ||
| Total | 1.00 |
Finished cars are transported across the bay, at the end of each day, by ferry. If the ferry has space for only 101 cars, what will be the average number of cars waiting to be shipped, and what will be the average number of empty space on the boat? Use following Random Numbers to simulate the data provided above - 20, 63, 46, 16, 45, 41, 44, 66, 87, 26, 78, 40, 29, 92, 21.
Solution:
Question 15:
Discuss the objectives of production planning and control.
Solution:
Productivity Management and Quality Management
Question 16:
Cost reduction can be achieved through:
Solution:
Question 17:
Analyze the three important tools which are used for increasing productivity in industry.
Solution:
Question 18:
For Quality Assurance in the Design, Production, Installation and Servicing the ___________Model is used.
Solution:
Project Management
Question 19:
Project with the following data is to be implemented. Draw the network and find the critical path.
| Activity | Predecessor | Duration (days) | Cost (` Day) |
| A | - | 2 | 50 |
| B | - | 4 | 50 |
| C | A | 1 | 40 |
| D | B | 2 | 100 |
| E | A,B | 3 | 100 |
| F | E | 2 | 60 |
1. What is the minimum duration of the project?
2. Draw a Gantt chart for early start schedule.
3. Determine the peak requirement of money and the day on which it occurs in the above schedule.
Solution:
Question 20:
The Slack Time of the Tail event and Slack time of Head event of an activity Mare 15 days and 2 days respectively. If the total Float of Activity M is 16 days, Free Float will be:
Solution:
Economics of Maintenance and Spares Management
Question 21:
CO. DILLI KA LADDU LTD. purchases a machine for ₹ 65,000. The following table gives the running costs per year and resale value of the machine in different years:
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Running Costs (₹) | 14,000 | 15,000 | 17,000 | 20,000 | 24,000 | 28,000 | 33,000 | 39,000 |
| Resale Value (₹) | 40,000 | 30,000 | 22,000 | 17,000 | 13,000 | 10,000 | 10,000 | 10,000 |
Please find out the optimum replacement period.
Solution:
Question 22:
A large computer installation contains 2,000 components of identical nature which are subject to failure as per probability distribution that follows:
| Month End: | 1 | 2 | 3 | 4 | 5 |
| %Failure to date: | 10 | 25 | 50 | 80 | 100 |
Components which fail have to be replaced for efficient functioning of the system. If they are replaced as and when failures occur, the cost of replacement per unit is ₹3.
Alternatively, if all components are replaced in one lot at periodical intervals and individually replace only such failures as occur between group replacement, the cost of component replaced is ₹1.
Calculate the following
i. Which policy of replacement would be economical.
ii. If group replacement is economical at current costs, then at what cost of individual replacement would group replacement be uneconomical.
iii. How high can the cost per unit in-group replacement be to make a preference for individual replacement policy?
Solution:
Strategic Management
Introduction
Question 23:
“Strategic Management was associated with increasing focus on competition as the central characteristic of the business environment.” — In this context, append the basic elements of Strategic Management.
Solution:
Question 24:
What do you mean by Strategy? State its features.
Solution:
Question 25:
Which one of the following does NOT seem to be an advantage of the strategic management?
Solution:
Strategic Analysis and Strategic Planning
Question 26:
“Business Environment exhibits many characteristics”. In this event, demonstrate in brief the said important characteristics of Business Environment.
Solution:
Question 27:
Identify and analyze the five main steps involved in the Formal Strategic Planning Process.
Solution:
Question 28:
What do you mean by Portfolio Analysis and do list down its objective.
Solution:
Formulation and Implementation of Strategy
Question 29:
Explain project-based structure? Discuss its advantages and disadvantages.
Solution:
Question 30:
Which type of diversification strategy involves entering a new market with new products?
Solution:
Question 31:
Discuss the types of general control systems.
Solution:
Digital Strategy
Question 32:
_________is a form of paid advertising that allows marketing teams to essentially purchase traffic to their website.
Solution:
Question 33:
Explain how digital transformation of a business helps in achieving competitive advantage and also describe some common elements of digital strategy?
Solution:
Question 34:
Which one of the following types of Cloud Computing, is a distribution model that delivers software applications over the Internet, these applications are often called web services?
Solution:
Question 35:
Describe the different types of digital marketing strategies.
Solution:
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