G-1 JIMMMA UNIVERSITY

JIMMA INSTITUTE OF TECHNOLOGY

Faculty of Computing and Electrical Engineering

Assignments On: Industrial Management and Engineering Economy-IEng –M4071

Submission Date: November 29, 2023 (Report Submission Using Your own Hand Wring Method) not softcopy submission allowed

1.Define what are Management means?

2. What are the five parts of definition of management as a social process with diagram?
3.What are the list of characteristics of management?
4.Remark of Distinctions between Administration, Management and Organization in the industries?
5.State the level of Levels of Management under the industries?
6.What are broad classification and their role of Managerial Skills?
7. Define what are role of functions of management suppose in the industries?
8. Explain in detail the various functions of management.
9. State the role of Government, employer and workers for productivity improvement.
11. Forecast demand for March was 850 units, but actual demand turned out to be only 720. If the firm is
using a simple exponential smoothing technique with α = 0.33, what is the forecast for April?

12. The table below shows the demand for a particular brand of razor in a shop for each of the last nine
months.

Month 1 2 3 4 5 6 7 8 9
Demand 9 11 15 18 16 17 20 21 22

a). Calculate a three month moving average for months three to nine. What would be your
forecast for the demand in month ten?

b). Apply exponential smoothing with a smoothing constant of 0.3 to derive a forecast for the
demand in month ten.

c). Which of the two forecasts for month ten do you prefer and why?

Part -1 :
1. Explain of the Matrix Structure organizational structure?
2. What is demand forecasting and what are the factors affecting the demand?
3. What are the various forecasting methods and write about Historical Analogy method.
Part -2 :
1. Find the partial productivity and total productivity for a company for which the following data is
available.
 Output = ETB 19,000, Labour input =ETB 4800, Material input ETB 4000, Capital input = 8100 ETB,
Energy input = 3000 ETB, Other input expenses = 2000 ETB.
2. Given the following data in table 1, calculate the three-month moving average forecasts for months 4,
5, 6, and 7.
Table:1
Month Actual Fore
Demand cast
1 64
2 74
3 45
4 56
5 70
6 51
7
3. In the above problem, Calculate the three-month moving weighted average forecasts for
months 4, 5, 6, and 7. The three periods having the following weight: 0.57 for the immediate
past, 0.42 for two periods before and 0.37 for three periods before.
4. Table 2 shows the actual demand for a product. Using this exponential smoothing method calculate the
forecasts for all the months. Take α = 0.3

S. No Month Actual Demand

1 January 45
2 February 49
3 March 52
4 April 45
5 May 53
6 June 61
7 July 43
8 August 52
9 September 57
10 October 61
11 November 61
12 December 60