For a location decision, labor productivity may be important in isolation, but low wage
rates are a more important criterion.
Offshoring is the practice of procuring from foreign external sources services or
products that are normally part of an organization.
Work Breakdown Structure is a useful tool in project management because it addresses
the timing of individual work elements.
Solving a linear programming problem with the iso-profit line solution method requires
that we move the iso-profit line to each corner of the feasible region until the optimum
is identified.
A kanban system requires little variability in lead time because shortages have their
impact on the entire productive system.
3M’s goal is to produce 30% of its profit from products introduced in the last 4 years.
The benefits of effective scheduling include lower cost, faster delivery, and dependable
delivery.
Normal time is always less than the average observed time.
Adding an additional part to a component or product ordinarily reduces reliability by
introducing an additional source of failure.
A process range chart illustrates the amount of variation within the samples.
Cross-training is a common JIT tactic to improve flexibility.
Outsourcing is the practice of moving a business process to a foreign country but
retaining control of it.
If a decision maker can assign probabilities of occurrences to the states of nature, then
the decision-making environment is Decision Making under Uncertainty.
Key Success Factors are those activities that are key to achieving competitive
advantage.
The learning curve for a product is 90 percent. The first unit took 10 hours to complete.
The manufacturer wants to determine how many hours the fourth unit will take by using
the logarithmic method. The coefficient for that calculation is approximately
A) -.1053
B) -.1520
C) -.3219
D) .6931
E) 8.1
Which of the following devices represents an opportunity for technology to improve
security of container shipments?
A) devices that identify truck and container location
B) devices that sense motion
C) devices that measure radiation or temperature
D) devices that can communicate the breaking of a container lock or seal
E) all of the above
A work system has five stations that have process times of 5, 9, 4, 9, and 8. What is the
process time of the system?
A) 4
B) 9
C) 18
D) 35
E) none of the above
Which of the following is not a key benefit of MRP?
A) quality increases
B) better response times to customer orders
C) faster response to market changes
D) improved utilization of facilities
E) reduced inventory levels
Using LPT priority would result in what sequence for Jobs A, B, C, and D if their
process times are 4, 6, 5, 2 respectively?
A) ABCD
B) DCBA
C) DACB
D) DABC
E) none of the above
Which of the following is not a requirement of a linear programming problem?
A) an objective function, expressed in terms of linear equations
B) constraint equations, expressed as linear equations
C) an objective function, to be maximized or minimized
D) alternative courses of action
E) for each decision variable, there must be one constraint or resource limit
Which of the following is consistent with a pure chase strategy?
A) vary production levels to meet demand requirements
B) vary work force to meet demand requirements
C) vary production levels and work force to meet demand requirements
D) little or no use of inventory to meet demand requirements
E) All of the above are consistent with a pure chase strategy.
Aggregate planning would entail which of the following production aspects at BMW
for a 12 month period?
A) number of cars with a hi-fi stereo system to produce
B) number of two-door vs. four-door cars to produce
C) number of green cars to produce
D) total number of cars to produce
E) B, C, and D
Consumer€s risk is the probability of
A) accepting a good lot
B) rejecting a good lot
C) rejecting a bad lot
D) accepting a bad lot
E) none of the above
Which of the following files tracks work order progress?
A) work-center master files
B) routing files
C) item master files
D) control files
E) None of the above tracks work order progress.
A company is deciding where to assign its summer intern. The manager estimates that
the intern can save the company $10,000 in supply chain costs. What increase in sales
(revenue) by the intern is required to show an equal profit?
What is a project organization?
Product A is made from 2 Bs and 1 C. Lead times for A, B, and C are 2, 3, and 2 weeks
respectively. Currently there are 2 Bs and a 5 Cs on hand, with 5 of each scheduled to
arrive at the end of week 1. If 20 As are needed during week 4, can the order be
completed (it is the start of week 0 currently)?
A transportation problem has 10 origins and 32 destinations. How many possible routes
are there for this problem? How many routes will be used in the optimal solution?
Black & Decker’s hand-powered tools and Hewlett-Packard’s printer business are
examples of using enhancements and migrations of existing products to build on
__________.
What is the objective of the product decision?