Department of Electrical Engineering Industrial And Financial Management Proposed questions for the class test-II 1. 2. 3. 4. Define inspection.

Briefly discuss the objectives of inspection Explain acceptance sampling and its sampling plans Compare between attribute control charts and variable control charts An Ice cream Company produces 1 Lakh cases of Black forest ice-cream, chocolate, cherry is switching to the production line from another flavor to black forest costs Rs.1000 each time for cleaning assembly, putting the ingredients to the correct place. Cost of each case is Rs.100.The Company estimates their inventory cost as 30% of inventory value per year. a) Find how many lots per year produced b) Total cost of set-up and carrying rate 5. Explain Manufacturing Resources Planning(MRP-II)