Part-I- (10 Marks)
.
Q1 (a) While reading a management magazine, your lecturer recently came across an article
which had the following statement.
“…..Forecasting for a manufacturing company is an activity that requires a lot of skills.
still, one can never be sure that the predicted values are 100% accurate. However, with
appropriate measures, it can be made sufficiently accurate for practical purposes…..”
Explain in your own words a short essay (minimum 150 words) covering the following
points. [2 marks each]

1. Do you agree with the above statement? Why or why not?
2. Why is the above statement true or false or partially true? under what circumstances/
   assumptions this statement can be true or false?
3. It also talks about ‘with appropriate measures ‘ .. What can be those? what will you
   do to make your predicted values more and more accurate? Explain with examples.
   Q1 (b) Write with explanation (minimum 100 words) any two advantages and any two
   disadvantages of network diagram. [4]
   Page 4 of 8
   Part-II- (10 Marks)
   Q2. Consider a situation where you are working as a mechanical engineer in a design
   consultancy company. Your company creates layouts for various clients. You are a
   mechanical engineer in-charge of layout preparation unit. You have AutoCAD technicians
   working directly under your supervision who draw your ideas in AutoCAD.
   Based on the last no. of student ID, you are preparing layout for the following:
   Section I: If the last digit of your student ID is an odd number: College
   Section I: If the last digit of your student ID is an even number: Hypermarket
   Explain in your own words a short essay (minimum 250 words) covering the following
   points.
   a. Before you begin preparing layout, what data (parameters, information) will you need
   from your client? Write at least four such parameters. Explain in brief.
   b. Which principles will you focus while preparing layout? Why?
   c. What are the areas where you and your team members will have to be extra careful?
   d. What can be possible mistakes in your layout? What will you do to avoid them?
   e. Consider one supermarket/college you have visited. As far as layout is concerned.
   write down one good thing and one bad thing that you have experienced. How can
   you incorporate good thing in your layout while avoiding bad thing?
   (You may give more than one example, if you wish. But both have to be colleges, or
   both have to be supermarkets, based on your question. College does not necessarily
   have to be HCT. Any other college you have visited is also OK)
   Page 5 of 8
   Part-III- (10 Marks)
   Q3. With reference to the inventory control chapter, particularly referring to the EOQ model,
   that we have studied in class, answer the following questions: Explain in your own words a
   short essay (minimum 150 words) covering the following points.
4. What do you mean by a model? Why do we need a model for studying inventory
   control?
5. consider the following assumptions
   • Section I: Student ID ending 1, 2, 3, 4,5: Consumption is uniform.
   • Section I: Student ID ending 6, 7,8, 9, 0: Shortages are not allowed.
   Write in your own words the validity of your assumption. Is this assumption correct/
   incorrect/ sometime correct? Discuss under what circumstances this particular assumption
   is practically possible/ impossible.
   If this assumption is not made, how will it affect/change the Figure 6.2: inventory-time
   diagram (shown on page 38 of handout) Draw a freehand sketch of modified inventory time
   diagram and attach image within your answer file.
   Page 6 of 8
   Part IV- (10 Marks)
   Instructions: Based on the last digit of your student ID, take the following values of A, B
   and C.
   Last Digit of
   student ID
   A B C
   0 or 1 25 2000 10
   2 or 3 25 2000 12.5
   4 or 5 50 4000 15
   6 or 7 50 4000 17.5
   8 or 9 50 5000 20
   Q4. In 2019, a manufacturing company has plotted break-even analysis graph which is
   shown below. In 2020, the variable cost is expected to decrease by C% (See the table).
   The company wants to keep break-even quantity the same.
   a. Interpret the 2019 graph. Get the necessary values for solving further parts of this
   question. [2]
   b. Find out the new selling price in year 2020. [2]
   c. Prepare a graph paper suitable for answering this question. Draw new graph (for
   2020) on your graph paper. Mention scale. Take photo of your graph and insert as an
   image in your answer file. [6]
   Show all calculations.
   SCALE: X AXIS: 1cm = A units, Y AXIS: 1 cm = B OMR
   (Take the values of A, B and C from the above table based on your student ID)