OIM 525 Quiz 3

subject Type Homework Help
subject Pages 6
subject Words 540
subject Authors F. Robert Jacobs, Richard Chase

Unlock document.

This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
page-pf1
One of the current issues of operations and supply management is decreasing
"commoditization" of suppliers.
Answer:
You time someone completing a single task the first time at 10 minutes and the second
time they do the task it takes 9 minutes. You should use an 80 percent learning curve to
estimate the length of time this worker will take to complete this task in the future.
Answer:
Additive seasonal variation in time series data means a forecast can only be found by
multiplying the trend times the seasonal factor (or index).
Answer:
Really successful firms have an ambiguous idea of how they intend to make money.
page-pf2
Answer:
Cyclical influences on demand may come from occurrences such as political elections,
war or economic conditions.
Answer:
One of the principles of work center scheduling is to match work center input
information to what the worker can actually do.
Answer:
Investment decisions are made to yield the lowest acceptable rate of return.
Answer:
page-pf3
One of the cost impact and payoff analysis tools from the operations consulting tool kit
is bottleneck analysis.
Answer:
The service-system design matrix identifies five alternative forms of service encounters.
Answer:
One of the criticisms of CPM analysis is that projects tend to change and develop over
time, making the use of formulas for combining together the optimistic, most likely and
pessimistic values useless.
Answer:
On a learning curve plot, the time per unit is usually displayed on the vertical axis.
Answer:
page-pf4
One of the behavioral considerations in job design includes the degree of labor
specialization.
Answer:
A way to find a bottleneck is to use one's knowledge of a particular plant, look at the
system in operation and talk with supervisors and workers.
Answer:
The admissions system in a hospital for patients is an example of a single channel,
single phase queuing system.
Answer:
page-pf5
Computing the quantities of each component that goes into a finished product requires
expanding (or exploding) each item in a product structure file and summing at all
Levels.
Answer:
The objective of facility location analysis is to select the site with the lowest total cost.
Answer:
The "data warehouse" is an archive of records that must be retained for legal reasons.
Answer:
Development of economic lot sizing models, including the EOQ model, occurred
during the 1930's.
Answer:
page-pf6
Each term in a linear program's objective function should be expressed in the same
units.
Answer:
The MRP program performs its analysis from the bottom of the product structure trees
up, imploding requirements Level by Level.
Answer:

Trusted by Thousands of
Students

Here are what students say about us.

Copyright ©2022 All rights reserved. | CoursePaper is not sponsored or endorsed by any college or university.