PRODUCTION MANAGEMENT

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1. What is controlled Flexibility. Discuss in the context of Managing services.

2. Does depreciation figure in the capital budgeting process. Explain . What are the merits and demerits of NPV and IRR.

3. For what kind of industries and products do you feel that statistical process control may not be quite applicable. Describe the different situations.

4. What is the difference between Six sigma and TQM initiatives. Discuss.

5. What is “Paretos Law”. What is the Lorenz curve. Research and find out.

6. What are the merits and limitations of CRAFT. What modifications do you suggest.

7. How could a good management information system contribute to PPC.

8. Discuss  the use of the Gantt chart for scheduling purpose.