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Question
What is the total vehicle life cycle cost of a car that has the information provided in the following table?
| Vehicle Purchase Cost | $34,000 |
| Vehicle Operating Cost per Mile | $0.26 |
| Useful Life of Vehicle | 7 years |
| Miles per Year | 20,000 |
| Miles per Gallon | 35 |
| Average Fuel Price per Gallon | $4.10 |
Answer
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Related questions
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Q:
The tracking signal is the:
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B) absolute deviation of the last period's forecast.
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D) ratio of cumulative error / MAD.
E) MAPE.
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A) immediate rivals
B) potential entrants
C) customers
D) suppliers
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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.
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Q:
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.
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________ rely on a variety of supplier relationships to provide services on demand.
Q:
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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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Profit-sharing is a motivation and incentive system where executives receive stock options.
Q:
The primary purpose of the mean absolute deviation (MAD) in forecasting is to:
A) estimate the trend line.
B) eliminate forecast errors.
C) measure forecast accuracy.
D) seasonally adjust the forecast.
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Q:
Which of the following is NOT a key benefit of MRP?
A) increased quality
B) better response to customer orders
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D) improved utilization of facilities and labor
E) reduced inventory levels
Q:
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.
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:
Q:
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?
Q:
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