ba3-performance management cwk june-aug13

7/27/2019 Ba3-Performance Management Cwk June-Aug13

1/4

University of Wales BA3 Assignment

Subject: PERFORMANCE MANAGEMENT

Date Issued : FRIDAY 12 th JULY 2013

Hand in by: WEDNESDAY 20 TH AUGUST 2013 at 3.00pm

INSTRUCTIONS TO CANDIDATES:

1. Assessment Criterion 100% Weighting.2. Students must submit their assignments with a copy on a floppy disk or CD-Rom (to allow the examiner to

check for plagiarism) to the Reception by3:00 p.m. on 20TH August 2013 at the latest . Assignmentswithout a floppy disk or CD-Rom will not be accepted.

3. No assignments or floppy disks/CDs will be accepted after the deadline and therefore a zero mark will begiven to a student who falls into this category.

4. Your assignment must be word-processed inMicrosoft Word. All pages should be numbered.5. You are strongly advised to make a copy of your assignment before submission.6. Students are assessed anonymously. You should put your student registration number (but not your name)

on the front cover and on the top right hand corner of every subsequent page.Please do not include your name anywhere on the document .

7. Policy on Plagiarism :a) The work that you submit must be expressed in your own words .b) Plagiarism, which is presenting the views and/or words of another person as if they

are your own is strictly forbidden .c) If you do use quotations from books, journals and or websites then these must be

placed inside quotation marks and referenced ideally using the Harvard method.d) If you do cite the views/ideas of another person then you must refer to this person in

the main body of the assignment, including the work cited in your bibliography.Cite, in this context means to quote a passage, book or author in support of anargument, etc.

e) Copying the work of a fellow student also constitutes plagiarism. It must be pointedout, though, that any student allowing another student to copy part or all of his/her assignment is just as guilty as the plagiariser. You should therefore protect your own

work, so as to avoid others copying your work, without you knowledge.f) If you do not observed the above rules then this will lead to an allegation of cheating

and, if found guilty, you will incur asevere penalty which may involve having toleave the College. Any repetition of plagiarism in any module will lead to expulsion from theCollege.


2/4

BA Year 3University Of Wales

Performance ManagementAssignment

Robil Plc is a small oil company selling fuel in and around Yorkshore through its ownservice stations outlets.

The stations use a telephone fuel ordering system and place their orders for the deliveryof fuel. Each order is for 150,000 gallons which will be delivered from a central depot onthe third day after the order is placed. Every station has storage facility which can hold250,000 gallon on site. The station will place an order at the end of any day if the stock

level held is lower than 100,000 gallons. The central depot charges the station 40 foreach delivery.

The cost of insurance and other stock holding costs amount to 2 per gallon per night. If there is no fuel and the station is closed the station loses 20 profit from sale of otheritems like cigarettes, sweets and sandwiches for every 1000 gallons of fuel in lost sales.

While studying for your Degree in Accounting and Finance, you are also working part-time as an assistant to the accountant of Quick Deliveries. The accountant has beenemployed by the company for a long time and has learnt his work through experience.His ability to approach problems from a theoretical point of view or to formulate themfor evaluation by applying sophisticated techniques is rather limited. You have helpedhim in this area more than once in the past using your knowledge gained from yourstudies and he has openly appreciated your contribution. The accountant hasdiscussed the problem with you and has asked you to advise him to evaluate the effect of continuing with the current policy for the next six months.You studied the past records carefully and compiled the following information. The

demand for the past 50 days has been as follows:

Demand Number days(Number of Gallons )

000s50 555 960 1665 15

70 550


3/4

You have decided to use Simulation to estimate the costs of ordering, costs of carryingand the stock-out costs for operating the new policy. You want to use computerprograms and run 1000 periods of 25 days each. Using the random number tables thefollowing 25 numbers are obtained.

97 12 70 52 27 91 08 44 67 1934 50 03 25 72 09 92 32 05 85.37 64 23 92 18

You are required to:Task I: Show a simple flow chart to describe the stock control system described in thequestion. (10 marks)

Task II:Using the random numbers given above show the cost of ordering, cost of carrying and

the stock-out cost for implementing the policy for a period of 25 days. You should showthe workings clearly by showing proper headings and the totals for the costs.(35 Marks)

Task III:The following are the results of the average of 1000 runs of 25 day periods each.Interpret the results given.

Ordering cost 360

Stock holding cost 2000Stock-out cost 4600

6960(5 Marks)

To get percentage mark, multiply TOTAL from above by 2 Marks for the assignment = 100%


4/4

ba3-performance management cwk june-aug13

Documents