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2003 Course Costing, Esti. & Project Manage. Operation Research

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Total No. of Questions : 6] P1361 [Total No. of Pages :4 [3764] - 301 B.E. (Printing) COSTING, ESTIMATING AND PROJECT MANAGEMENT OPERATION RESEARCH (2003 Course) (408282) Time : 3 Hours] Instructions to the candidates: 1) All questions are compulsory. 2) Figures to the right indicate full marks. 3) Assume suitable data, if necessary. [Max. Marks:100 SECTION - I Q1) a) b) a) Prepare a cost sheet from the following data. ABC Pvt. Ltd a stationery manufacturing company. Produces two types of items, as A - for the school and B - for the office. From the following available, prepare cost sheet for the item A and B. Direct Material - A : - 27,300/B :- 97,850/Direct Labour - A : - 15,600/B :- 61,800/Direct Expenses -A : - 62,40/B :- 26,780/Factory overheads are charged at 75% on labour cost. Administrative overheads are charged at 25% on factory cost. Selling and distribution overheads A :- 25/- and B :- 55/- per unit profit :- 10% for both the items. Items sold A :- 78 and B :- 206. [8] Comment on the following : [8] i) Marginal cost. ii) Standard cost OR Prepare a cost sheet from the following data. The standard production of a particular product is 20 units/day and the rate of wages is Rs 60 per unit, if daily production is 20 units/day or more. The rate of wages is Rs. 50 per unit, if the production is less than 20 units/day. Cost of material is Rs. 30 per unit. It is proposed to charge factory over heads according to one of the following method. i) 80% on prime cost. ii) 100% on labour cost. P.T.O. Calculate the data in the form of suitable statement, finding out factory cost per unit under each of the above method, if daily production is 15 units, 20 units and 25 units. [8] Comment on the following : [8] i) Product cost. ii) Process cost. b) Q2) a) b) Explain the term Globalization with respect to printing industry. [8] Differentiate between perfect competitive, Monopoly and Monopolistic market with suitable examples. [8] OR a) b) Explain in detail the element of direct cost with suitable examples. [8] Explain in detail the element of indirect cost with suitable example. [8] Q3) a) Explain the project scheduling and economical feasibility with the help of appropriate example. [9] How to ensure the quality of project? Explain with suitable example. [9] b) OR What is project management? Explain all the facets of project management.[9] Explain the characteristics to become a successful project manager. [9] a) b) SECTION - II Q4) Consider a task of obtaining ISO 9000 quality certification for an organisation the activities involved dependence and estimated durations are as given below [16] Activity A B C D E F G H I J Dependence A C A,B D D,E F,G D,E A,B Estimated Duration tm tp to 7 4 1 9 6 3 14 5 2 3 2 1 18 9 6 27 18 9 40 20 10 18 9 6 28 10 4 5 5 5 Find Total float, Free float, Independence float. [3764]-301 2 OR [4] a) What is the difference between PERT and CPM? b) In a printing production process following characteristic were observed.[12] Activity a b c d e f g h i j k l m i) ii) iii) iv) Q5) Preceding Activity none a a c b e,d d f,g f,g J J k Duration 8 10 4 (0.0) 5 6 4 8 7 5 3 5 3 Draw the network for completion of process. Find the various paths, the critical path and project completion time. Find earliest start, finish, latest start, finish time for each activity. Find total, free and independent float for each activity. zmax = 10x1 + 20x2 Subjected to, 3x1 + 2x2 < 1200 2x1 + 2x2 < 1500 x1 < 350 x2 < 200 [16] OR zmin = 12x1 + 20x2 Subjected to, 6x1 + 8x2 > 100 7x1 + 12x2 > 120 x1 , x2 > 0 [3764]-301 [16] 3 Q6) a) Solve the transportation problem by VAM method. O1 O2 O3 O4 O5 b) D2 35 88 60 53 18 18 D1 68 57 91 52 51 16 D3 4 91 75 24 82 20 D4 74 3 45 7 13 14 D5 15 8 60 82 7 14 [10] 18 17 19 13 15 Derive relation for EOQ for inventory Model? [8] OR a) Find the job sequence that minimize the total time in sequence A,B,C and find idle time for M/c B and M/c. [8] Job M/c A M/c B M/c C b) 1 8 5 4 2 10 6 9 3 6 2 8 4 7 3 6 5 11 4 5 Solve the assignment problem 1 2 3 4 5 I 11 9 13 21 14 II 17 7 16 24 10 III 8 12 15 17 12 [10] IV 16 6 12 28 11 kbkb [3764]-301 4 V 20 15 16 26 13

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