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1. The number of customers visited a shop over the past eight months is given in the table. [20]
Use regression analysis to forecast the number of customers if the amount spent on
advertisement is 150000 and 160000. Calculate the correlation coefficient and coefficient of
determination. Give your inference based on the value of the coefficient of determination.
100000 15000
105000 15500
110000 16000
115000 15750
120000 16300
125000 17000
130000 16900
140000 19000
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2. Time-study data is given in the table. You are expected to find the standard time based on the [20]
time worked for completing the entire job assuming an allowance of 20%. How many units can
be assembled in a day consisting of three shifts? 150 operators work for eight hours in each
shift.
1 2 3 4 5
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3. For the following layout, use the CRAFT pair-wise interchange procedure to obtain a desirable [20]
layout.
Initial Layout 8 8
4 P Q
4 R S
P Q R S
P - 1 1 6
Q 2 - 8 1
R 0 10 - 2
S 5 2 2 -
Flow Matrix
P Q R S
P - 2 3 5
Q - 1 4
R - 3
S -
Cost Matrix
b) Impact of price increase on total revenue when the demand is i) Elastic ii) Inelastic [10]
iii) Unit elastic
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6. Describe the following with suitable examples.
7. The Gamma Ray Company produces two products, the Gamma blaster (GB) and the Gamma [20]
Disaster (GD). Each product is made from three components: A, B, and C. One GB requires
two units of A, three units of B, and four units of C. One GD requires three units of A, two
units of B, and one unit C. Complete the MRP table for all the components. Use the following
data for your calculations.
On Scheduled Lot size Lead time
Item MPS
hand receipts rule (Weeks)
GB 0 0 L4L 150, Week 8 1
GD 0 0 L4L 100, Week 6 2
A 250 200, Week 4 FOQ = 200 4
B 25 0 FOQ = 300 2
C 0 0 L4L 3
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