What is continuous improvement (CI)? What are the major tools for this philosophy?

 

Operations Management

Total Marks: 80

Note : All Questions are Compulsory

Each Question Carries Equal Marks 10 Marks

1. What is continuous improvement (CI)? What are the major tools for

this philosophy?

2. What is the logic of Taguchi methods?

3. Describe briefly the steps to develop a forecasting system.

4. Regression and correlation are both termed “causal” methods of

forecasting. Explain how they are similar in this respect and also how

they are different.

5. Define the terms “Qualitative Methods”, “Trend Analysis Method

(Time Series Method), and “Causal Forecast”. Describe the uses of

them.

6. What do you see as the main problem with qualitative (judgmental)

forecasts? Are they ever better than “objective” methods?

7. Describe total quality management (TQM).

8. What is continuous improvement (CI)? What are the major tools for

this philosophy?