of Production and Operations Management IIBM Institute of Business Management Examination Paper Production and Operations Management Subject Code-B107 MM.100 Section A: Objective Type & Short Questions (30 marks) This section consists of multiple choice & Short Notes type questions. Answer all the questions. Part one questions carry 1 mark each & Part two questions carry 5 marks each. Part One: Multiple choices: 1. Production and Operations Management concerns itself
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Introduction: An Accounting information system collects‚ store and process the data into information which is being used by the managers‚ investors and creditors. These systems includes software which makes things easy to process the financial data for bookkeeping‚ Payroll and tax purposes. Accounting information systems are based on 6 components. * An Application to process the financial data. * Policies and procedures to secure the financial data. * Users who will use this system
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Section B: Caselets (40 marks) • This section consists of Caselets. • Answer all the questions. • Each caselet carries 20 marks. • Detailed information should form the part of your answer (Word limit 200 to 250 words). Caselet 1 COMPANY BACKGROUND The Bronson Insurance Group was originally founded in 1900 in Auxvasse‚ Missouri‚ by James Bronson. The Bronson Group owns a variety of companies that underwrite personal and commercial insurance policies. Annual sales of the Bronson Group
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Virtualization is the technology of my choice and it comes from my discipline of Information Technology. In simple terms‚ virtualization is simulating a hardware platform‚ operating system (OS)‚ storage device‚ or network resources where the framework divides the resource into one or more execution environments. Even partitioning a hard drive is considered virtualization because you take one drive and partition it to create two separate hard drives. It’s defined as “a method of decoupling an application
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Introduction Prof. Christian Terwiesch Operations in a Restaurant Prof. Christian Terwiesch Operations in an Emergency Room Prof. Christian Terwiesch Operations from the Perspective of the Customer Prof. Christian Terwiesch Four Dimensions of Performance Cost Quality ▪ Efficiency ▪ Product quality (how good?) ▪ Process quality (as good as promised?) Variety Time ▪ Customer heterogeneity ▪ Responsiveness to demand Important for - Performance measurement
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MB0044 – Production & Operations Management Q.1. what do you understand by Vendor-managed Inventory (VMI)? Ans. Vendor managed inventory: The very purpose of JIT is to reduce Inventory at all places in the supply chain. Inventory is considered a waste because Inventory is created by using materials‚ machines and efforts of persons. All of these Are resources which have already been used up and that portion of it which is not Consumed and sent up the value chain causes a drag on the system
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Your University wants to recruit high-quality high school students from your state. Provide examples of (a) the data that your recruiters would gather in this process‚ (b) the information that your recruiters would process from these data‚ and (c) the types of knowledge that your recruiters would infer from this information. The data these recruiters would gather are numbers and characters from the schools database. (a) An example of this data is that these numbers can be from through the grading
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Evolution of Health Care System With new technological innovations‚ paper medical records transformed into electronic formats. But although accessing information became more convenient with this new format‚ a tradeoff was created. Though health-care providers and practitioners in the US follow a standard procedure when it comes to protecting the privacy of these individuals with regard to their information‚ with the changing of systems‚ more loopholes were inevitably created. HIPAA The
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STRATEGIC OPERATION MANAGEMENT In the current business environment‚ operations must be managed in a way that will enable the firm to compete against extensive and increasing competition from around the world. This means that managing operations takes on wholly different requirements to how it was performed in the past. In short‚ operations management becomes strategic operations management. There is no one best way to formulate strategy and the debate on whether strategy should be internal‚ resource-based
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[pic] KOLEJ GEMILANG HUMAN AND INFORMATION TECHNOLOGIES (DSP 1306) LESSON PLAN SEMESTER : JANUARY – MAY 2013 LECTURER : Cr. SITI HALIMATUN SAADIAH S. SAID |TIME |CHAPTER |LEARNING OBJECTIVES | |WEEK 1 |UNIT 1 |By
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