UPSC Mains MANAGEMENT-PAPER-II 2015

What is the probability that the company will not have to pay penalty fees ? Approximately how much penalty fee will it have to pay, if the total number of triplexes to be built is 50 ?

Consider a production process given below involving processing in four workstations S1, S2, S3, S4. The processing time for processing one unit of product in each of the workstations is given in table below. You can ignore the move time between the workstations. As shown in the figure, 2 units of S2 are available. (i) How many units are produced in an 8 hour day ? (ii) If the processing time in S3 is reduced to 8 minutes, will there be any reduction in work in process ? Why?

A Fast Food outlet stocks frozen pizzas in a refrigerated display case. The average daily demand for the pizzas is normally distributed with a mean of 8 pizzas and a standard deviation of 2.5 pizzas. The outlet operates for 300 days in a year. A vendor for packaged food distributor checks the market's inventory of frozen foods every 10 days. The lead time to receive the order is 3 days. If the purchase cost of one pizza is Rs. 300, the cost of placing an order for pizza is Rs. 200, what will be the optimal order quantity ? What will be the reorder point with a lead time of 3 days and service level of 99% ?

"JIT is not for India. We have poor supplier reliability, country is so vast that to get some parts here in Gurgaon, I have to source it all the way from Thane down south. How can I achieve JIT in such a context ? Impossible ! And then we have a pathetic logistics system. Truck owners take you for ransom once your load is with them. I expect an item in 6 days and get it in 16 days and you suggest JIT to me I tried it once and my clients got their orders at least a month late." These were some words spoken to you, a JIT (Just in Time) consultant by a machine tool manufacturer located in North India. Do you think, JIT is feasible in his plant ? The machine tools are generally made to order and order fulfillment time is around 2-3 weeks. The assembly takes a maximum of 3 days. There are around 20 major parts for the product. JIT to be successful what are the aspects you have to concentrate on ? What structural modifications do you suggest ? State your assumptions clearly and prepare a proposal indicating the methodology you would adopt to implement JIT (if you decide in favour) or a proposal why JIT cannot be implemented (if you decide against it).

Prior to construction of a dam on a river, the organization entrusted with the task of construction of the dam performed a series of tests to measure the water flow past the proposed location of the dam. The results of the tests were used to construct data shown in Table below. Compute the mean, standard deviation and the coefficient of variation of the river flow in litres per minute. What portion of the water flow occurs at less than 5200 litres per minute ?

Determine the best investment option using the following criteria : (i) Maximin criterion. (ii) Equal likelihood criterion. (iii) Hurwitz criterion with a coefficient of optimism = 0.3.

Consider a production process given below involving processing in four workstations S1, S2, S3, S4. The processing time for processing one unit of product in each of the workstations is given in table below. You can ignore the move time between the workstations. As shown in the figure, 2 units of S2 are available. (i) How many units are produced in an 8 hour day ? (ii) If the processing time in S3 is reduced to 8 minutes, will there be any reduction in work in process ? Why?

What are the main objectives of price and distribution controls of essential commodities in India ? What problems do “controls” cause ? What steps have been taken to strengthen and revamp public distribution system ?

What is “Intellectual Property” ? What are the international mechanisms that help harmonize intellectual property protection across different nations ? What are the methods used for valuation of intellectual property ?

What is the role of government as : (1.1) Regulator (1.2) Promoter (1.3) Entrepreneur ?

What is “Whistle blowing”? What steps have been taken to protect Whistle blowers in India ?