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Question
Which of these statements about the production order quantity model is FALSE?
A) The production order quantity model is appropriate when the assumptions of the basic EOQ model are met, except that receipt is noninstantaneous.
B) Because receipt is noninstantaneous, some units are used immediately and not stored in inventory.
C) Average inventory is less than one-half of the production order quantity.
D) All else equal, the smaller the ratio of demand rate to production rate, the larger is the production order quantity.
E) None of the above is false.
Answer
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Related questions
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Q:
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A) immediate rivals
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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:
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B) there is a deep bill of material.
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Q:
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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.
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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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Q:
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A) estimate the trend line.
B) eliminate forecast errors.
C) measure forecast accuracy.
D) seasonally adjust the forecast.
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Q:
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A) increased quality
B) better response to customer orders
C) faster response to market changes
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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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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Q:
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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