Examination Paper 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
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DISCUSS THE FOLLOWING: DIVERSIFICATION According to investment word. Com diversification is a portfolio to reduce exposure to risk by combining a variety of investments‚ such as stock‚ bonds and real estate‚ which are unlikely to all move in the same direction. It can also be defined as manufacturing business terminology used to describe the act of increasing choices for when to order what supplies from whom to bring products to the market. Assof
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Josiah Wedgewood Josiah Wedgewood’s competitive advantage comes from his innovations of marketing and the way he set his focus on the demand side vs. other industrial manufacturer who mostly focused on the supply side of the production. He took full advantage of being first mover to serve the growing middle class population. Wedgewood understood the importance of differentiation. He developed cream ware product with a single pale color that closely resembled porcelain. Cream ware line was cheap
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Short Essay – The idiom of co-production – The idea of StS The new civilization of postmodern age‚ which brings with it a new economy‚ new political order and a new lifestyle in the ever-accelerating flow of historical time is accompanied by our terms of radical transformation of society to overcome one-sided and narrow rational-scientific and technological world view. At present‚ technology‚ social‚ economics‚ ethics and other areas do not develop independently of each other‚ but their relationships
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Mass production of food and the effect on its consumers and the community. Mass production of food and the effect on its consumers Abstract Where does the food we consume come from? We go to the grocery store and always know that the products we want will be there. Nothing runs out and we can pick up whatever we need. Meat‚ eggs‚ produce and even convenient frozen pre-made meals. But before we pick it up in the grocery store we never see
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Electrochemical production of hydrogen from water Presented by: Heba A. Alsabagh Hiba M. Maghayreh Hiba N. Abu Zaghleh Sahar M. Alissa University of Jordan Faculty of Engineering & Technology Department of Chemical Engineering Supervised by: 0078381 0076527 0076528 0072918 Dr. Hatem Alsyouri December‚ 2011 Chapters: Introduction Literature Survey Process Selection and Design Process Description Material and Energy Balances Design 2 Chapters: Feasibility Study
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The Production Possibility Frontier Consider the case of an island economy that produces only two goods: wine and grain. In a given period of time‚ the islanders may choose to produce only wine‚ only grain‚ or a combination of the two according to the following table: Production Possibility Table Wine|Grain| (Thousand of bottles)|(Thousand of bushels)| 0|15| 5|14| 9|12| 12|9| 14|5| 15|0| The production possibility frontier (PPF)
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III. Production Process The production cycle centered on producing bread. All products will undergo the same process. The bread will be separated according to their flavors. This will incur separable costs. There are two departments in the manufacturing entity; these are the mixing and baking departments. This is a small-scale business entity that is why a lot of the processes are done manually. Based on the information gathered from the interview‚ the loaves of bread were baked at night
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how much food production would need to increase to feed 9 billion people by 2050. For example‚ in Elizabeth Dickinson’s info graphic essay‚ the largest number of respondents voted that the world would need to increase its food production by 70 percent. That is an enormous percentage because we would need to start increasing the production from now‚ so by the time 2050 comes around we will have increased by 70 percent. If we delay the process of starting to increase the food production then we will
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System Capacity In a product-oriented layout‚ identifying the bottleneck is critical. The importance of this analysis cannot be overstated because the results are used not only in determining capacity‚ but also in planning and scheduling production‚ which will be discussed in Part III on planning and managing operations. The approach to determining the bottleneck is illustrated in Exhibit 9.4. Start at the beginning of the system‚ and determine the capacity of the first operation or department
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