Topics: Decision theory, Decision support system, Decision making Pages: 35 (7582 words) Published: May 27, 2012


Second Semester (MB0010)

MB0010 Operations Management


Roll No: 521062880




This is to certify that the project report entitled “Operations Management” Submitted to Sikkim Manipal University Center code 1822, is an original work carried out by SHILPI GUPTA


Roll No: 521062880



Registration Number: 8A92509

Learning Center: INSOFT Institute of IT & Management

Learning Center Code: 01822

Course: MBA

Subject: Operations Management

Semester: 3rd

Module Number: MB0010

Date of Submission at Learning Center: 20 Dec 2011

Marks Awarded:

Directorate of Distance Learning

Sikkim Manipal University

II Floor, Syndicate Building

Manipal – 576 104

Signature of Coordinator Signature of Center Signature of Evaluator

Course MBA – 3rd Semester

Subject Operations Management

Assignment MB0010 – Set 1

Q1. What is MIS? Define the characteristics of MIS? What are the basic Functions of MIS? Give some Disadvantage of MIS?

Ans. Definition :

Organized approach to the study of information needs of a management at every level in making operational, tactical, and strategic decisions. Its objective is to design and implement man-machine procedures, processes, and routines that provide suitably detailed reports in an accurate, consistent, and timely manner. Modern, computerized systems continuously gather relevant data, both from inside and outside the organization. This data is then processed, integrated, and stored in a centralized database (or data warehouse) where it is constantly updated and made available to all who have the authority to access it, in a form that suits their purpose.

Characteristics of MIS:

MIS is mainly designed to take care of the needs of the managers in the organization.

MIS aids in integrating the information generated by various departments of the organization.

MIS helps in identifying a proper mechanism of storage of data.

MIS also helps in establishing mechanism to eliminate redundancies in data.

MIS as a system can be broken down into sub systems.

The role and significance of MIS in business and its classification is explained. It is possible to understand the various phases of development in MIS based on the type of system required in any organization.

Functions of MIS

1. Data processing

It includes the collection, transmission, storage, processing and output of data. It simplifies the statistics and reduces to the lowest cost by supplying an unified format.

2. Function of prediction

It predicts the future situation by applying modern mathematics, statistics or simulation.

3. Function of plan

It arranges reasonably the plans of each functional department in accordance with the restrictions afforded by enterprises and provides the appropriate planning reports according to different...
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