2.2 OPERATIONS MANAGEMENT

UNIT - I

Introduction to Quantitative Applications in Operations management - Role of operations management system. Interfaces between the operations systems and systems of other functional areas. TQM, ISO Certification.

UNIT - II

Production Planning & Control (PPP), Basic functions of PPC - Its variants in different systems of manufacture.

UNIT - III

Quality control - Standards and specifications. SQC (statistical quality control) charts for average, range, fraction defective and number of defects, Acceptance Sampling Plans.

Inventory Control - Types of Inventory costs - EOQ. Systems of inventory control - ABC, VED & FNSD analysis. Use of simulation in inventory control.

UNIT - IV

Linear Programming; Mathematical model formulation, Graphical solution, Simplex method, Duality, Dual Simplex.

Transportation Problem: Mathematical model, Methods of obtaining, IBFS Optimality test using MODI - unbalanced TP, Multiple optimal solutions Maximization cases.

Assignment problem: Mathematical Model. Optimal solution using Floo’s technique, Unbalanced and Maximization cases.

UNIT - V

PERT & CPM: Networking principles, Time estimates, critical path and probability concepts in PERT & CPM - crashing. Time cost trade off -optimum duration with direct and indirect costs.

Suggested Reading:

1.Elian S. - Elements of PPC: Universal Book Corporation, Bombay, 1984.
2. O.P Khanna - Industrial Management and Engineering Economics.
3.Richard I. Levin - quantitative Approaches to Management.

Further Reading:

1.Ackoff: Fundamentals of operations research.
2.N.D.Vohra Quantitative Approaches to Management.