Tuesday 23 December 2014

Logistic Management. Inventory Management. Management Information System. Managerial Economics. ARAVIND 9901366442.doc

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Logistic Management
1)                  Explain the scope of logistic management in India context? What are the basic functions of  
            logistic Management?
2)        How right physical distribution of logistics can help minimizing costs and lead time?
3)        Explain different kinds of containers used to mobilize logistics.
4)        What is the role communication plays in logistics management?
5)         Justify the statement; a customer is satisfied if the consignment is delivered on time”.
6)        Explain ‘Shortest possible Route’ in the context of solving transportation problems.
7)         What is meant by physical distribution system? Discuss the major activities involved in
            physical distribution system.
8)        Explain the main systems of inventory control recommended for a very large manufacturing
            organization.
9)        When would you recommend a centralized logistics system for a company and why? Compare
            informal logistical system with a formal one.
10)      Explain material handling system of an organization. What factors should be kept in mind in
            designing an effective material handling system?



Inventory Management


1.         Will you review the existing numbers of warehouses and depots for reduction? If so, why?
2.         How will you find slow moving and non-moving stock of cars? What methodology will you
            suggest to dispose off such cars?
3.         What shall be your methods for monitoring and controlling of finished Goods (car) to avoid
            accumulation of unsold stocks in future?
4.         Will you retain Central warehouse and why?
5.         What will be your distribution pattern for keeping stocks in central warehouse/Regional  
            warehouse and Depots equal to the norms of 48 days All India Sales stock level?
Q - 2.  What is Safety Stock? List out the various factors influencing the safety stock.
Q - 3.  Define Service Level? How does it help in determining the Safety Stock? Explain with example.           
Q - 4.  Enumerate the principles involved in material handling in a hospital.      
Q - 5.   Discuss the various types of cost connected with inventory management.           
Q - 6.  What is forecast? List out different types of forecasts. Why is forecast needed?  
Q - 7.   Describe in brief dependent demands and independent Demands. 


Management Information System


1.         Explain various methods of decision making in any large scale industry with example.
2.         Define MIS. Discuss application of MIS in Indian industries.
3.         Explain identification and development of INFORMATION SOURCES
4.         Explain the application of MIS in FINANCIAL and PRODUCTION management.
5.         Explain artificial intelligence and expert system with suitable example.
6.         Discuss the relationship between MIS and RDBMS with example.
7.         Write note: Implementation and evaluation of MIS.
8.         What is DSS? Explain DSS with suitable example.
9.         Write note: Knowledgebase management system.
10.       Discuss the use of computers in application of MIS.



Managerial Economics

i.                    What would you recommend to the government to create a level playing field for the local firms  and the western exporters of meat to India?
ii.                 Can you cite any other typical product where India’s advantage turns into disadvantages as a result of WTO agreement?
i           Why do you think the absolute value of demand elasticity is less in the short run than in the  
            long run?
iii.               Do you think jewelers as a commodity, can also be categorized in the same group as others in
the given table? In other words, will it also exhibit change in the demand elasticity between the short and long run? Explain why?
iv.                The change in the value of demand elasticity between short and long run is much smaller in
            case of food than in clothing, what does this reflect about the consumer behavior?
(a)       Is there such a market in India for all the huge plans that they have ?
(b)       Can you support it as a case of economies of scope ?
(c)       Does it not lend to monopolistic conditions ? Give reasons.
1.                   Identify the most important factors of production in case of automobile industry. Also attempt to explain the relative significance of each of these factors.
2.                  What more information would you like to obtain in order to draw a production function for
            Maruti Udyog? Explain with logic.
3.         Automobile industry is a good example of capital augmenting technical progress. Discuss.
1.                   As money costs will decrease due to decision to outsource human resource, some real costs and opportunity cost may surface. What could these be?
2.         Elaborate the external and internal economies of scale as occurring to Contract Counsel.
2.                  Can you see some possibility of economies of scope from the information given in the case? Discuss.

Managerial Economics


evaluate the following statements using graphical analysis. Provide a brief narrative explanation of your graph to support your evaluation. Make sure the awes and curves in your graphs are properly labeled.
A)        “When demand for home heating oil increases, a shortage of heating oil will occur.”
B)        “A decrease in the supply of random access memory (RAM) chips for personal computers causes a shortage of RAM chips.”
Using optimization theory, analyze the following quotations:

a)“The optimal number of traffic deaths in the United States is zero.”
b)“Any pollution is too much pollution.”
c)“We cannot pull U.S. troops of Afghanistan. We have committed so much already.”
d)“If Congress cuts out the NASA space station, we will have wasted all the resources that we have already spent on it. Therefore, we must continue funding it.”
e)“Since Jet Green Airways has experienced a 25 percent increase in its insurance premium, the airline should increase the number passengers it serves next quarter order to spread the increase in premiums over a larger number of tickets.”

Two partners who own progressive Business Solutions, which currently operates out of an office in a small town near Boston, just discovered a vacancy in an office building in downtown Boston. One of the partners favors moving downtown because she believes the additional business gained by moving downtown will exceed the higher rent at the downtown location plus the cost of making the move. The other partner at PBS opposes moving downtown. He argues, ‘we have already paid for office stationery, business cards, and a large sign that cannot be moved or sold. We have spent so much on our current office that we can’t afford to waste this money by moving now.” Evaluate the second partner’s advice not to move downtown.

a)         Given that Bill can consume only 167 grams of carbohydrates daily, how many cups of each food will he consume daily? Show your work.

b)        Suppose Bill’s doctor tells him to further reduce his carbohydrate intake to 126 grams per day. What combination will he consume?

At a management luncheon, two managers were overheard arguing about the following stamen: “A manager should never hire another worker if the new person causes diminishing returns.” Is this statement correct? If so, why? If not, explain why not.


Managerial Economics


1.Which factors, according to you, are prompting organizations to adopt a package instead of
traditional salary?
2. Do you think package compensation is more suitable in modern globalised business? Can you draw
some lessons from marginal productivity theory?
3. Do you think that the case supports the efficiently wage theory or bargaining theory? Give
arguments in support of your logic.
4.Can similar type of strategy by adopted for remunerating other factors of production as well or not?

1. In your opinion what is the future of civil aviation in India? Will LCC dominate the domestic market?
2. Do you think that Jet Airways-Sahara merger will drive others to make similar moves so as to remain in competition?
 3. Collect more information of Indian and Jetlite and try to draw a payoff matrix for their prospective
moves to venture into LCC segment. (Hint: the payoff matrix may be hypothetical but logically explained).

1. Try to identify various stages of growth of IT industry on basis of information given in the case and
present scenario for the future.
2. Study the3 table given. Apply trend projection method on the figures and comment on the trend.
3. Compute a 3 years moving average forecasting for the years 1997-98 through 2003-04.
4. What will be the forecasts for 2003-04 for exponential with a = 0.1?

1. What lesson can you draw from the above case regarding consumer behaviour?
2. Do you think change in consumer perception in middle class has been instrumental in emergence of multiplexes? What can be the other reason?
3. Observe Table1. Which of the group, according to you, would have demand for multiplexes?
4. Would law of diminishing marginal utility apply to movie watching? Will this affect the growth of
multiplexes? Or can it be seen as a case for establishment of multiplexes? Give argument in support
of your contention.

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