IIBMS DMS CASE STUDY ANSWER SHEETS What is the difference

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Operations Management

1. If a company is a technology leader , what strategic support would it require from its operations function? Discuss.
2. What are the merits and demerits of NPV and IRR?

3. What is the difference, if any, between Quality Control as they are generally understood?

4. The breakdown probability of equipment is given below?

Month Probability
1 .05
2 .15
3 .30
4 .30
5 .20

There are 50 such equipments in the plant. The cost of individual preventive replacement is Rs.15 per equipment and the cost of individual breakdown replacement is Rs. 30 per equipment. Which should be the preferred policy?
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