INDIAN INSTITUTE OF MATERIALS MANAGEMENT (IIMM)

IIMM SOLVED ASSIGNMENTS 
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IIMM Assignments, Jan-_June, 2015 Session
 INDIAN INSTITUTE OF MATERIALS MANAGEMENT
NHQ- Education Wing
Plot Nos. 102 & 104, Institutional Area, Sector-15, CBD Belapur, Navi Mumbai- 400 614


PAPER- 2 QUANTITATIVE METHODS
ASSIGNMENT No-1
Question 1: Write short note on (Any two)
a)      Break Even Analysis
b)     Sensitivity Analysis
c)      NPV Vs IRR
Question 2: If for a period of 2 hours in a day (8-10 a.m.) trains arrive at a yard every 20 minutes but the service time continues to remain 36 minutes, then calculate for this period
a)      The probability that the yard is empty
b)     Average queue length on the assumption that the line capacity of the yard is limited to 4 trains only.
ASSIGNMENT No-2
Question 1: A company wishes to assign 4 jobs to 3 machines. The estimates of the times (in minutes) each machine would take to complete a job is given below. How the job should be allocated to the machines, so that the total cost is minimum?


MACHINES
Jobs
M1
M2
M3
I
8
25
14
II
12
26
5
III
34
19
14
IV
17
29
19

Question 2: A firm manufactures three types of products. The fixed and variable costs are given below:



Fixed cost (Rs.)
Variable cost per unit (Rs.)
Product A
25000
12
Product B
35000
9
Product C
53000
7

The likely demand (units) of the products is given below:
Poor Demand: 3,000
Moderate Demand: 7,000
Higher demand: 11,000
If the sale price of each type of product is Rs 25 then prepare the pay off matrix.





Paper -5 – Purchasing Management
Assignment 1
Q.1.What is economic consideration in price making?
Q.2.What is negotiation? What are the various phases of negotiation?
Assignment 2
Q.1.What is a purchase order? What are the various types of purchase orders?
Q.2.Explain rate contract and running contract.


Paper - 6 – Business Law
Assignment 1
Q.1. Explain Quasi contract in detail
Q2. Write short note on:
a. Requirement of Arbitration agreement
b. Essentials of contract of sale
Assignment 2
Q.1. What is the process of registration under CST Act?
Q.2.Define custom duty. What are the various types of custom duties?


Paper - 7 – International Trade
Assignment 1
Q.1.What are the advantages and limitations of foreign direct investment?
Q.2.What is system of national accounts? What are the broad objectives of national accounts?
Assignment 2
Q.1. what is custom? Discuss the custom clearance procedure for imported/exported goods
Q.2. Discuss the procedure for imports of items.


Paper -8 – Operations Management
Assignment 1
Q.1.Differentiate between manufacturing and service operations.
Q.2.Discuss the role of MPS, MRP and CRP in resource requirement planning
Assignment 2
Q.1.Differentiate between load chart and machine loading chart

Q.2.Explain Ergonomics and its benefits to improve productivity.

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