Production Planning and Control (14ME410)

ASSIGNMENT- I
Answer any six from question 1 to 16 and answer all the questions from 17 to
20.
The last date for submission of the assignment is 28.08.2019 (All handwritten
both soft and hard copy required, scan and send a soft copy to the class lecturer
through Moodle and hard copy in person)

1. Define production planning and control. What are the objectives and need
for production planning and control?
2. Explain the functions of production planning and control.
3. What are the benefits of production planning and control?
4. Explain the types of production system and their characteristics.
5. Explain the organisation of production planning and control.
6. Explain the elements of production planning and control.
7. Explain internal organisation of production planning and control.
8. Define forecast and importance of forecasting.
9. Explain types of forecasting and their uses.
10.Explain steps involved in forecasting.
11.Explain quantitative and qualitative forecasting.
12.Explain with examples how the production of quantity affected by
product variety.
13.Compare moving average, weighted moving average and exponential
smoothing.
14.What are the limitations of moving average method?
15.Define forecast errors.
16.When judgemental techniques are used in forecasting.
17.The fixed cost of a firm producing plastic bottle is 500 rupees and
variable cost is 2 rupees, selling price is rupees 5 and volume id rupees
1000. Find the break even sales volume and profit of the firm
18.The following information gives the sales of the company for ten months.
If the smoothing factor is 0.50 used, forecast the demand for November.
Assume forecast for January as 625.
Month Sales x 1000
January 700
February 1280
March 840
 April 920
May 1020
June 900
July 1276
August 1440
September 1610
October 1500
November ????

19.The following information gives the sales of the company for ten months.
If the smoothing factor is 0.50 used, forecast the demand for November
Month Sales x 1000
January 920
February 1280
March 825
April 920
May 1025
June 840
July 1276
August 1440
September 1502
October 1250
November ????
Use exponential smoothing method α =0.35 for the most recent time period,
0.28 for the next recent time period and 0.18 for the next time period. Find out
the forecast for November and forecast for January is 725.
20.The data given below refers to the past sales of production unit for the
last eleven years. Using the method of least square and other second
method, estimate sales forecast for 1992 and 1993 and forecast for the
year 1981 is 40.
Year 1981 1982 1983 984 1984 1985 1986 1988 1989 1900 1991
Sales 35 50 48 47 53 58 68 79 92 85 96
x
1000
in
INR

Plot the results in the graph and give the inferences.