MSE 280 Midterm 1

subject Type Homework Help
subject Pages 5
subject Words 422
subject Authors F. Robert Jacobs, Richard Chase

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A good forecaster is one who develops special skills and experience at one forecasting
technique and is capable of applying it to widely diverse situations.
Answer:
The fixed-order quantity inventory model requires more time to maintain because every
addition or withdrawal is logged.
Answer:
The objective of strategic capacity planning is to determine the overall capacity level of
capital intensive resources (including facilities, equipment and overall labor force size)
that best supports the company's short-range competitive strategy.
Answer:
People with no or modest analytical backgrounds can make good use of causal
regression forecasting models.
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Answer:
The purpose if the sum-of-the-years'-digits (SYD) method is to reduce the book value
of an asset rapidly in early years and at a lower rate in the later years of its life.
Answer:
A focused factory network is a family of manufacturing facilities each producing
components that are focused on a nearby large assembly facility.
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A modular bill of materials includes items with fractional options.
Answer:
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Subcontractor networks are not very important in Japanese manufacturing.
Answer:
Fixed-order quantity inventory models are "event-triggered".
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Using the random order or "whim" priority rule to sequence production jobs means that
supervisors select whichever job they feel like running first.
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One of the disadvantages of adopting specialization of labor as a job design principle
for labor is boredom.
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Answer:
In the simple exponential smoothing forecasting model you need at least 100
observations to set the weight.
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Companies typically seek out operations consultants when they are faced with major
investment decisions or when they believe that they are not getting maximum
effectiveness from their productive capacity.
Answer:
Cycle time is the ratio of the time that a resource is actually activated relative to the
time that it is available for use.
Answer:
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Core services are those products that integrate tangible goods into the service.
Answer:
In a simulation model time can be advanced by fixed or variable time increments.
Answer:

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