Model QP CONTINUOUS ASSESSMENT TEST

Programme : B.Tech (Mechanical) VI SEM Semester : Winter2013Course : Industrial Engineering and Management Code : MEE308Faculty : Dr. V. Sugumaran Slot : B1Time : 1½ Hours Total Marks : 50

Answer ALL Questions

PART – A (4 X 5 = 20 Marks)

1. (a) State the three important laws with regard to demand and supply?

(b) What is the need for forecasting and mention the steps involved?

(c) List the components of a time series analysis?

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2. (a) State the difference between macro and micro economics?(b) Calculate the selling price of one fountain pen from the data given below: Number of pens produced = 135, Labour cost = Rs.200, Material cost = Rs.160, Factory overheads = 35% of Prime cost, Administration and Selling overheads = 20% of Factory cost, Profit = 10% of the Total cost.

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3. (a) Define BEP and margin of safety?

(b) Discuss the assumptions and limitations of a break even analysis?2

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4. Discuss the different forecasting errors? 5

PART – B (3 X 10 = 30 Marks)

5. Estimate the sales forecast for the year 2000, using exponential smoothing fore-castor. Take =0.5 and the forecast for the year 1995 as 160x105 units. Compare the forecast with least square method?Year 1995 1996 1997 1998 1999Sales Rs. (x105)

180 168 159 170 188

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6. The following data relates the cost of production and sales prices. Establish the coeffi-cient of correlation between costs and prices

1986 1987 1988 1989 1990 1991 1992 1993 1994Costs 203 216 223 239 248 253 279 301 311Prices 225 242 250 271 275 277 255 318 329

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7. The past data of the load on the weaving machine is shown below. Compute the load for the month of December 1996 using (i) five month moving average (ii) weighted three month moving average. Assume weights to be 0.5, 0.3 and 0.2.

Month LoadMay 1996 -June 1996 585July 1996 610

August 1996 675September 1996 750

October 1996 860November 1996 970

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