1. What do you mean by my input-transform-output process in production/operations management? Develop Input – Process – Output block diagram for the following.

Bank

Hospital

Restaurant

University

2. What is capacity planning? Discuss the aspects and determinants of capacity planning with suitable examples.

3. Discuss various qualitative methods of forecasting.

4. Hip Replacements, Inc. has a master production schedule for its newest model, as shown below, a setup cost of `50, a holding cost per week of `2, a beginning inventory of 0, and a lead time of 1 week. What are the costs of using lot-for-lot for this l0-week period?

WEEK 1 2 3 4 5 6 7 8 9 10

Gross requirements 0 0 50 0 0 35 15 0 100 0

Scheduled receipts

Projected on hand 0 0 0 0 0 0 0 0 0 0 0

Net requirements 0 0 50 0 0 35 15 0 100 0

Planned order receipts 50 35 15 100

Planned order releases 50 35 15 100

5. What is Just-in-Time production? How does it differ from Manufacturing Resource Planning (MRP)? What is MRP-JIT system?