ST.

THOMAS INSTITUTE FOR SCIENCE AND TECHNOLOGY

THIRUVANANTHAPURAM
Class No: ..
Name

: ..
CONTINUOUS ASSESSMENT EXAMINATION II, OCTOBER 2015
SEVENTH SEMESTER MECHANICAL

08.701 PRINCIPLES OF MANAGEMENT AND DECISION MODELING

Time: 2 hours

Max. Marks: 50
PART A
(Answer ALL questions)

1. Explain with equations; different Forecast Errors.

2. Difference between CPM & PERT.
3. Explain the different applications of LPP.
4. Write short notes on Recruitment.
5. A firm uses exponential smoothing with = 0.1 to forecast demand. The
forecast for the week of February was 500 units, whereas actual demand
was 450 units. a) Forecast the demand for the next week. b) Continue
forecasting through assuming that subsequent demands were 505, 516
and 488.
(5 x 4 marks= 20 marks)
PART B

6. From the following time series of sales, forecast the sales for the next
three years.
Year
Sales
(000)

2001 2002 2003 2004 2005 2006 2007

80

90

92

83

94

99

92

OR
7. Explain different methods used for forecasting sales demand.

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8. Explain Selection procedure.

OR
9. Explain Labour Legislation.
10. Solve the following Transportation Problem.
TO
W1
W2
W3
F1
3
4
6
F2
2
10
1
FROM
F3
7
11
20
F4
2
1
9
Required
40
6
8

W4
8
5
40
14
18

W5
9
8
3
16
6

Available
20
30
15
13

OR
11. A project has the following time schedule.
Activity
Duration

(1)
(2)
(3)
(4)

1-2
2

1-3
2

1-4
1

2-5
4

3-6
8

3-7
5

4-6
3

5-8
1

6-9
5

7-8
4

8-9
3

Construct Network diagram

Compute EST, LST, EFT and LFT of the activities
Compute Total float for each activity
Determine the Critical path and its duration
(3 x 10 marks = 30 marks)

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