December, 2011
Ms-53 : Production/Operations Management
SECTION - A
1. (a) What are the important elements of JIT manufacturing ? How does JIT system eliminate waste, enforce continuous improvement ? What are the benefits of JIT manufacturing ?
(b) A company is producing certain type of circuit breakers. The fixed cost of land building, etc, is Rs 40,000. The variable cost is Rs. 10 per unit production. If the sales price of the product is Rs. 20 per unit, what should be the minimum production level ? If the firm is operating at present so that production is 8000 units what is the firms profit ?