8ME4.1: OPERATIONS MANAGEMENT (Elective)
Operations
Management: An Overview - Systems concepts in Operations Management,
Objectives in Operations Management, Operations management Decisions,
Productivity concepts and measurement, Types of Production
Systems. Forecasting Demand: Forecasting Objectives and
uses, Qualities & Quantities methods of Forecasting, Opinion and Judgmental
Methods Time Series Methods, Exponential Smoothing, Regression and Correlation
Methods, Time Series Analysis, Application and Control of Forecasts. Capacity
Planning: Capacity Strategy, aspects of Capacity Planning, Determination of
Capacity Requirement, Types of capacity, Evaluation of Alternative plant size,
Traditional Economic Analysis, Cost-Volume Profit Analysis. Aggregate
planning and master scheduling Objectives of Aggregate planning Methods, Master
Scheduling, Objectives, Master Scheduling Methods. Materials Management:
Scope of Materials Management, Purchase system and procedure, purpose of
Inventories, Classification of inventory, factors effecting inventory, inventory
models, probabilistic models, inventory systems classifiation, selective
inventory control, stores management, standardization codification and variety
reduction. Material and Capacity Requirements Planning Overview, MRP and CRP,
MRP Underlying concepts, system parameters, MRP Logic, CRP
Activities. Scheduling and controlling Production Activities: Introduction,
PAC Objectives and Date Requirements. Scheduling Strategy and Guidlines.,
Scheduling Methodology, Priority Control, Capacity Control Jist in Time (JIT)
in manufacturing planning & control. Major-elements, Characteristics of Just
in Time System pre-requiste for JIT manufacturing, Elements of Manufacturing,
Eliminating Waste, Enforced, Problem Solving and Continous Improvements,
Benefits of JIT Purchasing, The Kanban System JIT inplementation in
Industries. Bottleneck scheduling and theory of constraints Issues in
choosing manufacturing technologies and strategies: product life cycle,
standardization, simplification, diversification, value
analysis.
List of Recommended Books:
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Production and Operations Management, Adam Everett E.& Elbert Ronald
J., PHI
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production & Operation Management; S.N.Charry, TMH
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Manufacturing planning and control systems; Berry W.L.Whybark D.C. Vollman
T.E.galgotia Publication Pvt. Ltd.
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Operations Management: Theory and Problems Monk J.G. McGraw Hill.
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Production Systems, Riggs, J.L. Wiley Eastern
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