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Study Resources (Anthropology)

    11.The bill of materials indicates how much material will be needed to produce the quantities on a given master production schedule.  True    False   12.A bill of materials contains a listing of all the assemblies, parts, and materials needed to produce one unit of an end item.  True    False   13.The bill of materials contains information on lead.
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  119.The following chart depicts 16 sample means that were taken at periodic intervals and plotted on a control chart. Does the output appear to be random?              120.Given the following control chart, would you say that the process appears to be performing appropriately?              121.An analyst has gathered data and counted the number of.
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    81.Which of the following is not true for the economic production quantity model?    A.Usage rate is constant.   B.Production rate exceeds usage rate.   C.Run size exceeds maximum inventory.   D.There are no ordering or setup costs.   E.Average inventory is one-half maximum inventory.     82.Given the same demand, setup/ordering costs, and carrying costs, the EPQ calculated using incremental replenishment will.
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    31.Lot-for-lot ordering in MRP eliminates the holding costs for parts that are carried over to other periods.  True    False   32.Capacity requirements planning is an important feature in MRP+.  True    False   33.Project management approaches can help in a conversion to an ERP system.  True    False     Multiple Choice Questions  34.Which of the following is absolutely necessary for successful implementation and operation of.
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  81.Consider the following information:  What is total regular time capacity?            82.Consider the following information:  How should overtime capacity be utilized?            83.Consider the following information:  What are total regular time costs?            84.Consider the following information:  What are total overtime costs?            85.Consider the following information:  What are total carrying costs?                .
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    121.The Operations Manager for Shadyside Savings & Loan orders cash from her home office for her very popular "BIG BUCKS" automated teller machine, which only dispenses $100 bills. She estimates that this machine dispenses an average of 12,500 bills per month, and that carrying a bill in inventory costs 10.
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  139.A stent for use in coronary surgery requires a special coating. Specifications for this coating call for it to be at least 0.05 millimeters but no more than 0.15 millimeters. Suppose the long-run average of this coating process is 0.09 millimeters. Further suppose this process's standard deviation is 0.015 millimeters..
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  True / False Questions  1.One important use of inventories in manufacturing is to decouple operations through the use of work-in-process inventories.      2.The objective of inventory management is to minimize the cost of holding inventory.      3.A retail store that carries twice as much inventory as its competitor will provide twice the customer service level.      4.The.
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    61.Which of the following interactions with vendors would potentially lead to inventory reductions?    A.reduced lead times   B.increased safety stock   C.less frequent purchases   D.larger batch quantities   E.longer order intervals     62.A nonlinear cost related to order size is the cost of:    A.interest.   B.insurance.   C.taxes.   D.receiving.   E.space.     63.In a two-bin inventory system, the amount contained in the second bin is equal to the:    A.ROP.   B.EOQ.   C.amount in the.
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  True / False Questions  1.Acceptance sampling is applied to batches of items during the production process.      2.Acceptance sampling procedures are applicable for inspection both before and after production.      3.Flexible acceptance sampling revises the sampling plan in response to actual results.      4.The purpose of acceptance sampling is to decide whether a batch of items satisfies.
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    31.A Type II (beta) error occurs when:    A.a bad lot is accepted.   B.a good lot is rejected.   C.a bad lot is rejected.   D.a good lot is accepted.   E.a rejected lot is reinspected.     32.A Type I (alpha) error occurs when:    A.a bad lot is accepted.   B.a good lot is rejected.   C.a bad lot is rejected.   D.a good lot is accepted.   E.an accepted.
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  Essay Questions  76.A manager has prepared a forecast of expected aggregate demand for the next six months. Develop an aggregate plan to meet this demand given this additional information: A level production rate of 100 units per month will be used. Back orders are allowed, and they are charged at the.
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    101.Cycle stock inventory is intended to deal with:    A.excess costs.   B.shortage costs.   C.stockouts.   D.expected demand.   E.quantity discounts.     102.An operations strategy which recognizes high carrying costs and reduces ordering costs will result in:    A.unchanged order quantities.   B.slightly decreased order quantities.   C.greatly decreased order quantities.   D.slightly increased order quantities.   E.greatly increased order quantities.     103.The need for safety stocks can be reduced by an operations.
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  Essay Questions  84.Using the product tree shown, determine the following:(A) The quantity of component K that will be needed to assemble 80 units of P, assuming no on-hand inventory of any components exists.(B) The quantity of component K needed to assemble 80 units of P, given on-hand inventory of 30 As,.
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    71.Which of these products would be most likely to have dependent demand?    A.refrigerators   B.automobile engines   C.televisions   D.brownies   E.automobiles     72.Refer to this product tree:  If 17 Ps are needed, and no on-hand inventory exists for any items, how many Cs will be needed?    A.8   B.16   C.136   D.204   E.272     73.Refer to this product tree:  If 17 Ps are needed, and on-hand inventory consists of 10 As,.
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    31.Which of the following is an input to aggregate planning?    A.ending inventory   B.demand forecasts for each period   C.customer levels   D.setup costs   E.quantity discounts     32.Essentially, the output of aggregate planning is the:    A.marketing plan.   B.production plan.   C.rough-cut capacity plan.   D.assignment plan.   E.material requirements plan.     33.In doing aggregate planning for a firm producing paint, the aggregate planners would most likely deal with:    A.just gallons of.
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  Essay Questions  52.Shipments of bowling balls are sampled before delivery to a warehouse. Lots of 600 balls are checked, using 10 observations from each lot. Any lot with more than one defective is rejected. Calculate values for the operating characteristic curve for this sampling plan.            53.A firm that makes plastic wrapping material.
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    51.The MRP input storing information on the status of each item by time period (e.g., scheduled receipts, lead time, lot size) is the:    A.master production schedule.   B.bill of materials.   C.inventory records.   D.assembly time chart.   E.net requirements chart.     52.Which one of the following most closely describes net material requirements?    A.gross requirements - amount on hand - scheduled receipts   B.gross.
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  Essay Questions  114.A process that makes chocolate candy bars has an output that is normally distributed with a mean of 6 ounces and a standard deviation of .01 ounces. A job is to be run that requires 200 candy bars. Determine the three-sigma control limits for an x-bar chart, assuming a.
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    11.A level capacity strategy is also known as a chase demand strategy.      12.An advantage of a "chase" strategy for aggregate planning is that inventories can be kept relatively low.      13.Linear programming models yield the optimal solution.      14.Ultimately the overriding factor in choosing a strategy in aggregate planning is overall cost.      15.Aggregate planners commonly use.
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  86.Consider the following information:  What are total back order costs?            87.Consider the following information:  What are total costs for each period?            88.Consider the following information:  What are total costs for the six periods?                  .
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  124.Given the following process control data for a normally distributed quality variable (three samples of size four each):  What is the sample mean for sample #1? #2? #3?            125.Given the following process control data for a normally distributed quality variable (three samples of size four each):  If this process is known to have.
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    21.Master schedulers are employed primarily by service organizations.      22.Subcontracting "in" would apply to periods in which our organization has excess capacity.      23.Available-to-promise in the first week is equal to beginning inventory plus MPS quantity, if any, less committed customer orders before the next MPS quantity.      24.A time fence in the master schedule is.
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  134.Given the following process control data for a quality attribute (three samples of size 400 each):  If the process proportion of defectives is unknown, what is the estimate of this proportion?            135.Given the following process control data for a quality attribute (three samples of size 400 each):  If the process proportion of defectives.
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    61.Which one of the following most closely describes the MRP approach that is used for components or subassemblies to compensate for variations in lead time?    A.pegging   B.safety stock   C.increased order sizes   D.safety time   E.low-level coding     62.Which of the following lot sizing methods does not attempt to balance ordering (or setup) and holding costs?    A.economic order quantity   B.economic run.
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    41.Which of the following most closely describes dependent demand?    A.demand generated by suppliers   B.estimates of demand using regression analysis of independent variables   C.derived demand   D.demands placed on suppliers by their customers   E.net material requirements     42.ERP implementation probably will not require:    A.cross-functional teams.   B.just a few weeks to install.   C.intensive training.   D.high funding for both initial cost and maintenance.   E.frequent upgrades after.
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    41.Which of the following would not be a strategy associated with adjusting aggregate capacity to meet expected demand?    A.Subcontract.   B.Vary the size of the workforce.   C.Vary the intensity of workforce utilization.   D.Allow inventory levels to vary.   E.Use back orders.     42.One option for altering the availability of manufacturing capacity is:    A.pricing.   B.promotion.   C.back orders.   D.inventories.   E.yield management.     43.One option for altering the availability.
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    71.The EOQ model is most relevant for which one of the following?    A.ordering items with dependent demand   B.determination of safety stock   C.ordering perishable items   D.determining fixed-interval order quantities   E.determining fixed order quantities     72.Which is not a true assumption in the EOQ model?    A.Production rate is constant.   B.Lead time does not vary.   C.No more than three items are involved.   D.Usage rate.
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    21.One reason that accurate bills of material are important is that errors at one level become magnified at lower levels because of the multiplication process used by MRP.  True    False   22.A regenerative MRP system is one that is updated continuously, every time there is a schedule change.  True    False   23.One of the primary output reports of.
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  True / False Questions  1.MRP works best if the inventory items have dependent demand.  True    False   2.Low-level coding represents items less than $18 per unit.  True    False   3.Independent demand tends to be more "lumpy" than dependent demand, meaning that we need large quantities followed by periods of no demand.  True    False   4.Lumpy demand for components results primarily from the periodic.
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    11.Decoupling operations applies to the railroad industry.      12.Interest, insurance, and opportunity costs are all associated with holding costs.      13.The A-B-C approach involves classifying inventory items by unit cost, with expensive items classified as A items and low-cost items classified as C items.      14.An inventory buffer adds value and lowers cost in all supply.
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  True / False Questions  1.Aggregate planning is capacity planning that typically covers a time horizon of one to three months.      2.The goal of aggregate planning is to achieve a production plan that attempts to balance the organization's resources and meet expected demand.      3.Aggregate planners are concerned with the quality and quantity of expected.
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    51.Inventory information for firm ABC:  What was the inventory at the end of March 2008?    A.350   B.250   C.150   D.50   E.400     52.Linear programming to produce an aggregate plan:    A.will produce the best plan if accurate inputs are used.   B.is the most widely used technique.   C.is easy to implement.   D.will produce a plan that may not be the best plan.   E.requires an Excel spreadsheet.     53.Simulation.
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    61.Aggregate planning for services is more difficult than aggregate planning for manufacturing because __________ and __________ are more difficult to predict.    A.capacity availability; customer tastes   B.holding costs; overtime costs   C.demand; capacity availability   D.capacity change costs; holding costs   E.hiring costs; holding costs     62.One thing that makes aggregate planning in services easier than aggregate planning in manufacturing is:    A.inventory.
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    41.The single-period model can be very helpful in determining how much to order.      42.Monitoring inventory turns over time can be used as a measure of performance.      43.A single-period model would be used mainly by organizations going out of business.      44.The basic EOQ model ignores the purchasing cost.      45.When the item is offered for resale,.
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    51.The two basic issues in inventory are how much to order and when to order.      52.Cycle counting can be used in motorcycle inventory control.      53.Using the EOQ model, the higher an item's carrying costs, the more frequently it will be ordered.        Multiple Choice Questions  54.A stock or store of goods is called a(n):    A.bundler.   B.servicer.   C.retailer.   D.supply chain.   E.inventory.     55.Which.
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  129.Given the following process control data for a quality attribute (three samples of size 400 each):  What is the sample proportion of defectives for sample #1? #2? #3?            130.Given the following process control data for a quality attribute (three samples of size 400 each):  If the process is known to produce 11 percent.
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    31.Safety stock is held because we anticipate future demand.      32.Variability in demand and/or lead time can be compensated for by safety stock.      33.Solving quality problems can lead to lower inventory levels.      34.ROP models assume that demand during lead time is composed of a series of dependent daily demands.      35.Profit margins tend to be inversely.
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    21.Understocking an inventory item is a sure sign of inadequate inventory control.      22.Annual ordering cost is inversely related to order size.      23.The total cost curve is relatively flat near the EOQ.      24.Because price is not a factor in the EOQ formula, quantity discounts will not affect EOQ calculations.      25.In the quantity discount model, if.
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    11.Sampling plans are designed considering both the cost and time required for the inspection.      12.In a double-sampling plan, a second sample may not be taken if the results of the first sample are conclusive.      13.Acceptance sampling is a form of inspection applied to items during an ongoing process.      14.In a double-sampling plan, a.
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    21.Suppose that only two incoming fraction defective levels, 2 percent and 6 percent, are possible. The 2 percent incoming fraction defective level is twice as likely as the 6 percent. At a 2 percent incoming fraction defective, there's an 80 percent chance that a lot will be accepted. At 6.
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  141.Given the following information:Order quantity = 300;   = 20 units; desired lead time service level = .86.Find:(A) the expected number of units short per cycle(B) the annual service level            142.A company can produce a part it uses in an assembly operation at the rate of 50 an hour. The company operates.
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