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

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Total No. of Questions : 6] P1010 [Total No. of Pages : 4 [3664]-258 B.E. (Printing) (Sem. - I) COSTING ESTIMATING, PROJECT MANAGEMENT AND OPERATION RESEARCH Time : 3 Hours] [Max. Marks : 100 Instructions to the candidates: 1) Answer 3 questions from Section-I and 3 questions from Section-II. 2) Figures to the right indicate full marks. 3) Assume suitable data, if necessary. SECTION - I Q1) a) Explain the various elements to be considered in today s competitive environment while running a business. [8] b) Comment on the following with suitable examples: i) Standard cost. ii) [8] Estimation of the job. iii) Final costing of the job. OR a) Explain the term Market, and classify various types of markets in the industry. [8] b) Explain the term Accounting, and classify the accounting operations of the company. [8] Q2) a) Find out the total paper requirement for printing the following job with given details. [8] Job: College Brochure Size: 21.5 cm 27.5 cm No. of copies: 1000 No. of pages: Text (B/W) 16 Cover: 04 (four color) Paper available: 63.5 cm 91 cm for Text (80 GSM) 58.5 cm 45.5 cm for cover (120 GSM Art) P.T.O. b) Vikram Printers is having 4 departments Design, Plate making, Printing and Binding. The actual costs for a period are as follows. i) Rent: Rs. 15000/ii) Repairs: Rs. 8000/iii) Depreciation: Rs. 20000/iv) Lighting: Rs. 6000/v) Insurance of employees: Rs. 5000/vi) Supervision: Rs. 10000/Following data of all the four departments is available. SR. NO. PARTICULARS DESIGN PLATE PRINTING BINDING 1 Area Square Feet 2 Value of Plant 3 80 No. of Workers 120 100000 220000 4 3 220 110 540000 130000 6 4 From the above data prepare the cost sheet finding out the department wise costs. [8] OR a) Find out the number of plates required for printing the following job with given details. [8] Job: College Brochure Size: 21.5 cm 27.5 cm No. of copies: 1000 No. of pages: Text (B/W) 16 Cover: 04 (four color) Paper available: 63.5 cm 91 cm for Text (80 GSM) 58.5 cm 45.5 cm for cover (120 GSM Art) Size of the machine: 23" 36" for text 18" 23" for cover b) Explain various elements of costs along with suitable examples. [8] Q3) a) Explain the Project Defining and Planning stages with the help of any appropriate example. [9] b) Explain the Project performance measurement and control techniques with the suitable example. [9] OR a) Explain the Project Executing and Delivery stages with the help of any appropriate example. [9] b) Explain the term Project Management, its characteristics and need in the competitive environment. [9] [3664]-258 -2- SECTION - II Q4) A project is represented by network as shown below. Determine: a) The expected task time and their variance. b) The earliest and latest time expected to reach the activity. c) Determine the critical path. d) Probability of an event occurring at the purpose completion date if original contrast time of completing the project is 41.5 bits. e) The duration of project that will have 95% chance of been completed. tm tp [16] Activity Precedunce to a 5 10 8 b 18 22 20 c 26 40 33 d a 16 20 18 e a 15 25 20 f b 6 12 9 g c 7 12 10 h d 7 9 8 i e, f 3 5 4 OR a) A departmental head has four subordinates and four tasks to be performed. The subordinates differ in efficiency and the tasks differ in their intrinsic difficulty. His estimate, of the time each man would take to perform each task, is given in matrix below. [8] Men Tasks E F G H A 18 26 17 11 B 13 28 14 26 C 38 19 18 15 D 19 26 24 10 b) A marketing manager has 5 salesmen and 5 districts. Considering the capabilities of the salesmen and the nature of districts, the marketing manager estimates that sales per month (in hundred rupees) for each [8] salesman in each district would be follows. Machine Job A B C D E 1 32 38 40 28 40 2 40 24 28 21 36 3 41 27 33 30 37 4 22 38 41 36 36 5 29 33 40 35 39 [3664]-258 -3- Q5) Minimize z = x2 3x3 + 2x5 Subjected to, 3 x2 x3 + 2x5 7 2x2 + 4x3 12 4x2 3x3 + 8x5 10 x2, x3, x5 0 [16] OR Max. z = 3x1 + 2x2 + 5x3 x1 + 2x2 + x3 430 3x1 +2x3 460 x1 + 4 x 2 420 x1, x2, x5 0 [16] Q6) a) Find the sequence that minimize the total elapsed time required to complete the following task on two machines. [8] Jobs M/c I M/c II A 2 6 B 5 8 b) The cost requirement below. W1 F1 4 F2 5 F3 3 F4 2 Required 30 C 4 7 D 9 4 E 6 3 F 8 9 G 7 3 H 5 8 I 4 11 table for the transportation problem is given [10] W2 W3 W4 W 5 Available 3 1 2 6 40 2 3 4 5 30 5 6 3 2 20 4 4 5 3 10 30 15 20 5 OR a) Solve assignment I 1 11 2 9 3 13 4 21 5 14 problem. II 17 7 16 24 10 [10] III 8 12 15 17 12 IV 16 6 12 28 11 V 20 15 16 26 13 b) Derive the Relation for EOQ for Inventory Model. [3664]-258 -4- [8]

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