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Question
Average daily demand for a product is normally distributed with a mean of 20 units and a standard deviation of 3 units. Lead time is fixed at 25 days. What reorder point provides for a service level of 95 percent?
Answer
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The tracking signal is the:
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A) immediate rivals
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E) none of the above
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The probability of rejecting a good lot is known as consumer's risk.
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Because most services cannot be inventoried, there is little place for JIT to help service organizations achieve competitive advantage.
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Demand for a given item is said to be dependent if:
A) it originates from the external customer.
B) there is a deep bill of material.
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Industries in which revenue management techniques are easiest to apply are those where:
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B) use tends to be predictable, and pricing tends to be variable.
C) use tends to be uncertain, and pricing tends to be fixed.
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Which of the following is not a limitation of job expansion?
A) higher capital cost
B) higher wage rates
C) smaller labor pool
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E) All of the above are limitations of job expansion.
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When a worker obtains clear and timely information about his/her performance, his/her job includes which of the following characteristics?
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Which of Hackman and Oldham's five job characteristics refers to providing a worker a say in the work methods that he/she wishes to utilize?
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Profit-sharing is a motivation and incentive system where executives receive stock options.
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The primary purpose of the mean absolute deviation (MAD) in forecasting is to:
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B) eliminate forecast errors.
C) measure forecast accuracy.
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Which of the following is NOT a key benefit of MRP?
A) increased quality
B) better response to customer orders
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E) reduced inventory levels
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Demand for a given item is said to be dependent if:
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B) there is a deep bill of material.
C) the finished products are mostly services (rather than goods).
D) there is a clearly identifiable parent.
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The aggregate planning process usually includes dispatching of individual jobs.
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Q:
Weight Day
Package 1
Package 2
Package 3
Package 4 Monday
23
22
23
24 Tuesday
23
21
19
21 Wednesday
20
19
20
21 Thursday
18
19
20
19 Friday
18
20
22
20 (a) If he sets an upper control limit of 21 and a lower control limit of 19 around the target value of twenty ounces, the control chart is based on what value of z?
(b) With the UCL and LCL of part a, what do you conclude about this processis it in control?
Answer:
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What is the difference between natural and assignable causes of variation?
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What are the three possible results (or findings) from the use of control charts?
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An assembly line has 10 stations with times of 1, 2, 3, 4, , 10, respectively. What is the bottleneck time?
A) 18.18% of the throughput time
B) 100% of the throughput time
C) 550% of the throughput time
D) 50% of the throughput time
E) 1.82% of the throughput time