Industrial Management and Engineering Economy: Addis Ababa Science and Technology University

ADDIS ABABA SCIENCE AND TECHNOLOGY UNIVERSITY
COLLEGE OF ELECTRICAL AND MECHANICAL ENGINEERING

DEPARTMENT OF ELECTROMECHANICAL ENGINEERING
INDIVIDUAL ASSIGNMENT
Industrial Management and Engineering Economy
NAME ID.NO
SAMUEL GASHURA…………………………...………ETS0849/09
SEC. C
SUMMITED TO: Dr. EPHREM GIDEY

June3,2022
Part-I: Conceptual Problems
1.a. problems can an organization encounter if the management fails in
‘organizing’ are as follows:
✓ a lack of co-ordination among functions
✓ confusion within roles of organization
✓ cost your employer time and money
✓ failure to share ideas,
✓ slow decision-making brings managers unnecessary complexity
✓ stress, and conflict.
✓ can hinder employee’s ability to get where they want to be professionally
✓ decrease organization’s productivity
✓ weakens the collaborative effort needed to have an efficient employee development plan.
✓ and can even be bad for employee’s physical and mental health.
1.b. problems can an organization encounter if the management fails in
‘staffing’ are as follows:
✓ decrease morale and financially damage a company.
✓ Many small businesses have failed due to financial created by human resource management
✓ High staff turnover rates
✓ An increase in sick leave
✓ Most valued staffs seek elsewhere to work
✓ slow productivity of organization
✓ Job Stress and Dissatisfaction.
✓ Missed Care
✓ Potential Failure to Rescue
2. a. Resourcefulness:
➢ able to meet situations: capable of devising ways and means a resourceful leader.
➢ Resourcefulness is defined as the ability and creativity to cope with difficulties.
➢ the ability to make decisions and act on your own
➢ Think of resourceful people as “full of resources,” or tools for coming up with solutions. They
adapt well to new or difficult situations and they are able to think creatively.
b. Tactfulness:
▪ having or showing the ability to do or say things without offending other people.
▪ is the ability to say something without giving offense or simply being able to say what is
appropriate for a situation.
▪ is an important quality to have if you want to build credibility. When you are tactful, people see
that you are a respectful and credible person.
▪ is the ability to tell the truth in a way that considers other people's feelings and reactions. It allows
you to give difficult feedback, communicate sensitive information, and say the right thing to
preserve a relationship.
c. Consistency:
➢ Reliability or uniformity; the quality of being consistent. They want to achieve a high degree of
consistency in their process and their product
➢ Being consistent at work involves maintaining the same standards and behaviors that lead to
producing a high quality of work. Employees may improve their consistency by practicing time
management, setting production goals and identifying areas of improvement within their work
ethic.
➢ Whenever possible, only take a course of action if you can honestly answer that you would make
the same decision for any other employee presenting the same set of circumstances.
➢ Being consistent at work involves maintaining the same standards and behaviors that lead to
producing a high quality of work. Employees may improve their consistency by practicing time
management, setting production goals and identifying areas of improvement within their work
ethic.
3.a. the importance or significance of proper forecasting for a company’s
overall performance or success:
❖ It gives the ability to make informed business decisions and develop data-driven strategies.
Financial and operational decisions are made based on current market conditions and predictions
on how the future looks
❖ Allows company to be proactive instead of reactive.
❖ allows company to predict the funds it have coming in against its anticipated costs
to identify the full range of possibilities, not a limited set of illusory certainties.
❖ helps the company plan the next steps for its business.
❖ It helps the company gain a clear understanding of what measures the company need to put in
place to grow.
❖ It allows company to come up with smart short-term and long-term goals.
3.b. the importance or significance of proper plant layout for a company’s
overall performance or success.
• Material handling and internal transportation from one operation to the next is minimized and
efficiently controlled
• Should provide high work in process turnover.
• Should utilize the space most effectively; may be cubical utilization.
• Should help in effective utilization of labor.
• Should provide easy supervision
• Should lead to increased productivity and better quality of the product with reduced capital cost.
• Should provide worker’s convenience, promote job satisfaction and safety for them.
• Should provide overall satisfaction to all concerned.
• Should avoid unnecessary investment of capital
Part-II: Workout Problems [7%]
1)
From\TO Hawasa Jima Dire Dawa Kombolcha Capacity

Addis Ababa 90
90 100 70 20,000
5,000 5,000 10,000
Adama 85 75 130 10,000
70
10,000
Demand 10,000 5000 5000 10,000 Total
30,000
The total cost = (1000*70) + (5000*90) + (5000*100) + (1000*70) = 2,350,000 birr.

2)
Month Actual 3Month 3Month 3Month 3-Month Weighted Moving Average

Sales Weight Weight Weight
(000) for for for
tons Jan Feb Mar
Jan 128
Feb 117
Mar 115
Apr 125
May 122
Jun 137
Jul 129
Aug 140
Sep 131
Oct 114 10%
Nov 119 30% 10%
Dec 137 60% 30% 10%
Jan ? 60% 30% (137*0.6)+(119*0.3)+(114*0.1) = 129.3
Feb ? 60% (129.3*0.6)+(137*0.3)+(119*0.1)=
130.58
Mar ? (130.58*0.6)+(129.3*0.3)+(137*0.1)=
130.838
As we have seen from the table, the forecasted sales of January, February, and March of the year 2022
are 129.3, 130.58, and 130.838 tons of cement, respectively.

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ADDIS ABABA SCIENCE AND TECHNOLOGY UNIVERSITY

COLLEGE OF ELECTRICAL AND MECHANICAL ENGINEERING

SUMMITED TO: Dr. EPHREM GIDEY

From\TO Hawasa Jima Dire Dawa Kombolcha Capacity

The total cost = (100070) + (500090) + (5000100) + (100070) = 2,350,000 birr.

Month Actual 3Month 3Month 3Month 3-Month Weighted Moving Average

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