Seat No.: Enrolment No.
GUJARAT TECHNOLOGICAL UNIVERSITY
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BE - SEMESTER-V (NEW) EXAMINATION - WINTER 2018
Subject Code:2151407
Subject Name:Entrepreneurship and Food Plant Management
Time: 10:30 AM TO 01:00 PM
Date:04/12/2018
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Total Marks: 70
Instructions:
- Attempt all questions.
- Make suitable assumptions wherever necessary.
- Figures to the right indicate full marks.
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Q.1 (a) Enlist the objectives of operation management. 03
Q.1 (b) Introduce following terms briefly. 04
- Kanban
- Master Production Schedule (MPS)
- Materials Requirement Planning (MRP)
- Capacity planning
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Q.1 (c) Calculate the breakeven point for a food industry with the following data: 07
- Production Capacity: 1.5 ton/hour efficiency : 85%
- Raw material cost : Rs. 10,00,000 Water charges: Rs 230.00 per working day
- Fixed cost : Rs 900,000 Energy charges: Rs 28,000 per working day
- Maintenance: (including miscellaneous expenditure) Rs 2,50,000 Working hours: 12hour/day per year.
- Maximum sale price: Rs 85,000 per ton; permanent staff: Salary of Rs 2,50,000 per month
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Q.2 (a) Who can be a successful entrepreneur? 03
(b) Explain how DIC supports SSI. 04
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(c) Calculate the depreciation value of Form Fill and Sealing machine whose initial cost is 1,80,000/-, salvage value of 10,000/- and life is 8 years by the following methods. 07
- Straight line method
- Fixed rate of 8% per annum
- Variable rate (first year 6%; second year 9% and third year 12%)
OR
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What are the different stages of food processing industry? What are the precautions to be taken during teething stage? 07
Q.3 (a) Fixed rate of depreciation is not considered in food processing industry. Justify the statement. 03
(b) Write a brief note on the followings. 04
- NABARD
- SEEUY
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(c) Define maintenance. Discuss the advantages and limitations of maintenance. 07
OR
Q.3 (a) Enlist the characteristics of an entrepreneur. 03
(b) Write a brief note on the followings. 04
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- Working capital
- TCO
(c) What do you understand by JIT? Discuss the principles involved in JIT concept. 07
Q.4 (a) Sketch out conceptual model of a production system. 03
(b) State the assumptions underlying for economic batch quantity determinations. 04
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A manufacturer of a food grinder requires a special roller bearing at the rate of 300 nos. per year. Each bearing costs the company Rs. 36/-. Every order procurement cost and inventory carrying cost have been calculated at Rs. 30 and 20% respectively. Calculate Economic lot size for the purchase.
(c) Discuss the factors affecting choice of manufacturing system for an organization. 07
OR
Q.4 (a) Differentiate between strategic decisions and operational decisions. 03
(b) What are ways to improve productivity of an organization? 04
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(c) Briefly highlight on ABC Analysis of inventories. Categorize the following items and comment on their inventory categorization with ABC analysis. 07
| No. | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Annual usage | 8 | 4 | 250 | 12544 | 3 | 7 | 1000 | 5 | 2 | 8 |
| Cost per unit (Rs) | 840 | 81 | 120 | 25 | 5 | 6 | 1500 | 200 | 2.5 | 80 |
Q.5 (a) Store is the heart of materials management system. Justify. 03
(b) What do you understand by HML Analysis? State its significance. 04
(c) Classify manufacturing systems. Highlight on the salient features of each manufacturing systems. 07
OR
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Q.5 (a) Define forecasting. State the importance of forecasting. 03
(b) Differentiate between production planning and production control. 04
(c) Explain the graphical representation of recorder level, recorder quantity and safety stock for independent demand purchases. 07
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