Activity times are always estimated from historical data of similar work tasks to
provide realism for a project.
Answer:
Define regression analysis and explain how it is an approach to forecasting.
Answer:
Strong leadership is an impediment to project management success because of the
team-based nature of most projects.
Answer:
The decision of how many fruit baskets to make for the holiday season would be
analyzed using a single-period inventory model.
Answer:
Using a beta probability distribution to characterize uncertain activity times is practical
because it allows managers to use judgmental estimates to identify the distribution.
Answer:
An order fulfillment process normally operates two shifts a day, six days per week.
Under normal conditions, 380 orders can be processed per shift. What is the weekly
capacity?
a. More than 1000 but less than or equal to 2000
b. More than 2000 but less than or equal to 3000
c. More than 3000 but less than or equal to 4000
d. More than 4000
Answer:
Graeme manages a candy store in a high traffic shopping mall where he has collected
the following information:
•Weekly demand for small candy boxes = 90 boxes
•Cost to place one purchase order with the box supplier = $19.80
•Cost to hold one box for one year in inventory = $2.45
•Lead time = 2 weeks
•Weeks in a year = 52 weeks
The optimal replenishment level for the given fixed-period system (FPS) is:
a. less than 300 boxes.
b. more than or equal to 300 but less than 400 boxes.
c. more than or equal to 400 but less than 500 boxes.
d. more than or equal to 500 boxes.
Answer:
The Delphi method is a forecasting approach that is based on expert opinion.
Answer:
A company is able to process 100 customer statements (bills) per day per processing
clerk. It has 250 customer statements to process per day. How many full-time
processing clerks are needed if the company wants a processing-clerk utilization rate as
close to 0.80 as possible?
a. Two
b. Three
c. Four
d. Five
Answer:
It is never appropriate to expand capacity in advance of growing demand because the
excess capacity will always be underutilized.
Answer:
List the many questions that must be addressed while designing a workstation.
Answer:
The mean arrival rate is used to express demand; the mean service rate is used to
express a system’s capacity.
Answer:
Postproduction services might include customer financing, customer benefit package
design, and promotion/advertising.
Answer:
Flaws are counted on a standard steel plate (sheet). Each sheet has the exact same
dimensions. Ten sheets are selected at random and the number of flaws per sheet is as
follows:
Determine the lower and upper control limits for a c-chart.
Answer:
The basic purpose of a supply chain is to coordinate communication among employees
and customers in order to maximize customer satisfaction.
Answer:
In a fixed quantity inventory system with certain demand, the reorder point is chosen to
be the average demand during the lead time.
Answer: