Indian Institute of Materials Mgt. (IIMM)

 INDIAN INSTITUTE OF MATERIALS MANAGEMENT (IIMM)

IIMM SOLVED ASSIGNMENTS 

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IIMM Assignments, Jan-_June, 2015 Session

 INDIAN INSTITUTE OF MATERIALS MANAGEMENT

NHQ- Education Wing

Plot Nos. 102 & 104, Institutional Area, Sector-15, CBD Belapur, Navi Mumbai- 400 614

PAPER- 2 QUANTITATIVE METHODS

ASSIGNMENT No-1

Question 1: Write short note on (Any two)

a)      Break Even Analysis

b)     Sensitivity Analysis

c)      NPV Vs IRR

Question 2: If for a period of 2 hours in a day (8-10 a.m.) trains arrive at a yard every 20 minutes but the service time continues to remain 36 minutes, then calculate for this period

a)      The probability that the yard is empty

b)     Average queue length on the assumption that the line capacity of the yard is limited to 4 trains only.

ASSIGNMENT No-2

Question 1: A company wishes to assign 4 jobs to 3 machines. The estimates of the times (in minutes) each machine would take to complete a job is given below. How the job should be allocated to the machines, so that the total cost is minimum?

	MACHINES
Jobs	M1	M2	M3
I	8	25	14
II	12	26	5
III	34	19	14
IV	17	29	19

Question 2: A firm manufactures three types of products. The fixed and variable costs are given below:

	Fixed cost (Rs.)	Variable cost per unit (Rs.)
Product A	25000	12
Product B	35000	9
Product C	53000	7

The likely demand (units) of the products is given below:

Poor Demand: 3,000

Moderate Demand: 7,000

Higher demand: 11,000

If the sale price of each type of product is Rs 25 then prepare the pay off matrix.

Paper -5 – Purchasing Management

Assignment 1

Q.1.What is economic consideration in price making?

Q.2.What is negotiation? What are the various phases of negotiation?

Assignment 2

Q.1.What is a purchase order? What are the various types of purchase orders?

Q.2.Explain rate contract and running contract.

Paper - 6 – Business Law

Assignment 1

Q.1. Explain Quasi contract in detail

Q2. Write short note on:

a. Requirement of Arbitration agreement

b. Essentials of contract of sale

Assignment 2

Q.1. What is the process of registration under CST Act?

Q.2.Define custom duty. What are the various types of custom duties?

Paper - 7 – International Trade

Assignment 1

Q.1.What are the advantages and limitations of foreign direct investment?

Q.2.What is system of national accounts? What are the broad objectives of national accounts?

Assignment 2

Q.1. what is custom? Discuss the custom clearance procedure for imported/exported goods

Q.2. Discuss the procedure for imports of items.

Paper -8 – Operations Management

Assignment 1

Q.1.Differentiate between manufacturing and service operations.

Q.2.Discuss the role of MPS, MRP and CRP in resource requirement planning

Assignment 2

Q.1.Differentiate between load chart and machine loading chart

Q.2.Explain Ergonomics and its benefits to improve productivity.