PRINCIPLES OF MANAGEMENT (MGT503) FALL 2012
ASSIGNMENT NO. 2 DUE DATE: 28 JANAUARY, 2013 MARKS: 30
Mustafa manages a manufacturing plant that produces two kinds of cricket bats: soft ball bats and hard ball bats. Business is good and no matter how many he produces, he can sell all of them. Both of the products are produced on the same machines but cost and price of both products are different. Now, he has to decide how many of each product should he produce to maximize the profits. Question:
Which technique of decision making can help him in deciding the quantity of each product to be produced? Support your answer with appropriate rationale. Case 2:
Ali is a Project Manager of a construction firm. He has been assigned a project to build 3 conference halls for a client. Capacity of each hall should be at least 50 people and all of the halls should be completed within 40 weeks without incurring excessive costs. He is planning to meet the challenge of completing the project on time. He has identified various activities involved in the project and their sequence along with expected time required to complete each activity – given in the following table:
Analyze the given information and decide which planning tool can help him to achieve the objective? Give appropriate reasoning to support your answer.
24 hours extra / grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.
IMPORTANT INSTRUCTIONS/ SOLUTION GUIDELINES/ SPECIAL INSTRUCTIONS SOLUTION GUIDELINES: • • Be specific and to the point and don’t write irrelevant details. Only mention the planning techniques and tools with relevant supporting details.
DEADLINE: • • ...
Please join StudyMode to read the full document