The fact that organizations are flattening is one of the reasons that project management
is important.
A system that “backward schedules” is designed to determine and report the earliest
date an order can be completed.
In the fixed-time-period model it is necessary to determine the inventory currently on
hand to calculate the size of the order to place with a vendor.
Arrival characteristics in a queuing problem analysis include the length of the queue.
Among the major trends in health care that relate to OSCM are electronic medical
records.
In decision tree analysis, the time value of money is ignored because the only concern
is with cash costs.
According to the theory of constraints, throughput is the rate at which product is passed
through the manufacturing system.
In a price-break model of lot sizing, to find the lowest-cost order quantity, it is
sometimes necessary to calculate the economic order quantity for each possible price
and to check to see whether the lowest cost quantity is feasible.
A project milestone is a specific event to be reached by a particular point in time.
In a department, 25 machines are kept running by three operators who respond to
randomly occurring equipment problems. An analyst wanting to know whether to add a
fourth operator or downsize to two operators would be helped by using queuing theory
analysis.
“Business analytics” involves the analysis of data through a unique combination of
linear programming, game theory, and queuing theory to better solve business
problems.
Which of the following is not a suggestion for managing queues presented in the
textbook?
A. Train your servers to be friendly.
B. Segment the customers.
C. Determine an acceptable waiting time for your customers.
D. Inform your customers of what to expect.
E. Encourage customers to come during slack periods.
On which four major areas do ERP modules typically focus?
A. Finance, manufacturing and logistics, sales and marketing, human resources
B. Accounting, finance, human resources, manufacturing
C. Accounting, finance, information technology, manufacturing
D. Information technology, manufacturing, logistics, accounting
Which of the following forecasting methodologies is considered a time series
forecasting technique?
A. Simple moving average
B. Market research
C. Leading indicators
D. Historical analogy
E. Simulation
In Hau Lee’s uncertainty framework to classify supply chains, a supply chain for
functional products with a stable supply process is called which of the following?
A. Efficient
B. Forward looking
C. Agile
D. Risk hedging
E. Responsive
For an activity in a CPM analysis, the early finish time is 20 and the late finish time is
20. Which of the following statements is true?
A. The activity’s late start must happen before its early start.
B. The activity is on the critical path.
C. The slack for this activity is 20.
D. The duration of this task is zero.
E. The duration of this task is 20.
Which of the following is not one of the basic types of forecasting?
A. Qualitative
B. Time series analysis
C. Causal relationships
D. Simulation
E. Force field analysis
Using the assembly-line balancing procedure, which of the following is the theoretical
minimum number of workstations if the task times for the eight tasks that make up the
job are 7, 4, 7, 8, 9, 4, 3, and 6 minutes, and the cycle time is 8 minutes?
A. 3
B. 5
C. 6
D. 8
E. None of these
Which of the following is not a criterion that influences manufacturing plant or
warehouse facility location decisions?
A. Proximity to customers
B. Historical cost
C. Infrastructure of a country
D. Quality of labor
E. Business climate
What information is necessary to calculate the cash-to-cash cycle time?
A. Inventory, lead time, accounts receivable, sales
B. Accounts payable, lead time, accounts receivable, inventory
C. Accounts payable, cost of sales, accounts receivable, inventory
D. Accounts payable, lead time, accounts receivable, assets
The long-term relationship among the inventory, throughput, and flow time of a
production system in steady state is called which of the following?
A. Peterson’s rule
B. Murphy’s law
C. Little’s law
D. Robert’s rule
E. None of these
Which of the following is not an improvement-driven reason for outsourcing?
A. Improve quality and productivity.
B. Enhance effectiveness by focusing on what you do best.
C. Improve risk management.
D. Obtain expertise, skills, and technologies not otherwise available.
E. Improve credibility and image by associating with superior providers.
A company can produce a small lot of products the first time at a cost of $3,000. If their
65 percent learning curve allows them to reduce their costs on each lot, what is the cost
of producing the 20th lot?
A. $60,000
B. $18,585
C. $1,950
D. $466.20
E. $155.40
The general guidelines provided in the textbook on improving individual learning based
on learning curves do not include which of the following?
A. Proper training
B. Work specialization
C. Early removal of workers who do not improve
D. Motivation
E. Doing one or very few jobs at a time