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NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
JANUARY 2021 EXAMINATION

Course Code: BUS 801

Course Title: PRODUCTION AND OPERATIONS MANAGEMENT

Credit Unit: 2

Instructions: 1. Indicate your Matriculation Number clearly

2. Attempt Question 1 and any other two (2) questions

3. Question 1 is compulsory and carries 30 marks while the other 2 questions carry 20marks each

4. Present all your points in coherent and orderly manner

Time Allowed: 2 Hours

 

1a. Discuss with examples the three variants of the Economic Order Quantity (EOQ) model (9marks)

1b. Enumerate and explain the four types of the subjective technics of sales forecasting method (12marks)

1c. Define and discuss the concept of market segmentation and needs assessment. Market Segmentation (9marks)

 

2a. Illustrate and explain with example the scope of materials management and the typical domains of responsibility for purchasing, production control, and distribution for a baker. (6marks)

2b) Discuss four approaches to inter-firm relationship in technology acquisition and explain three reasons why forecasting is very essential in POM (14marks)

 

3a Identify and discuss useful implementation guidelines developed for the management of technology (11marks)

3b. Describe the forecast elements over three time Horizon (9marks)

 

4a. Discuss the major factors that determine the choice of the competitive priorities that a company should emphasize (7marks)

4b. Discuss four quantitative methods that might be used as a basis for site selection if parameters and variables related to the site selection can be estimated with some certainty. (13marks)


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