Flow diagrams are used to analyze
A) movement of people and materials
B) utilization of an operator and machine
C) body movements
D) time taken by various activities
E) unnecessary micro-motions
Doing nothing would yield how much profit if favorable market conditions prevail
according to the following decision table?
A) $5,000
B) $20,000
C) -$10,000
D) $0
E) unable to determine
A linear programming problem has two constraints 2X + 4Y >= 100 and 1X + 8Y
=<100, plus nonnegativity constraints on X and Y. Which of the following statements
about its feasible region is true?
A) There are four corner points including (50, 0) and (0, 12.5).
B) The two corner points are (0, 0) and (50, 12.5).
C) The graphical origin (0, 0) is in the feasible region.
D) The feasible region is triangular in shape, bounded by (50, 0), (33-1/3, 8-1/3), and
(100, 0).
E) The feasible region cannot be determined without knowing whether the problem is to
be minimized or maximized.
All of the following are advantages of predetermined time standards except
A) they are customized to your company
B) they are well accepted
C) no performance ratings are necessary
D) the standard can be set before the task is done and then can be used for planning
E) they are based on a large number of workers
Governmental attitudes toward issues such as private property, intellectual property,
zoning, pollution, and employment stability may change over time. The term associated
with this phenomenon is
A) bureaucratic risk
B) political risk
C) legislative risk
D) judicial risk
E) democratic risk
Which file contains important information regarding an item’s flow through the shop?
A) item master file
B) work-center master file
C) control files
D) routing file
E) None of the above provides information regarding an item’s flow through the shop.
A firm makes numerous models of mowers, garden tractors, and gasoline powered
utility vehicles. Some assemblies and parts are common to many end items. To relieve
the MPS of performing order releases on these common parts, the firm might choose to
use the __________ technique.
A) Wagner-Whitin
B) economic part period
C) supermarket
D) gross material requirements
E) resource requirements profile
The seven steps in the use of simulation include all but which of the following?
A) define the problem
B) construct a mathematical model
C) introduce important variables associated with the problem
D) find the optimal solution
E) run the experiment
Which scheduling technique should be employed when due dates are important for a
job order?
A) forward scheduling
B) loading
C) dispatching
D) backward scheduling
E) master scheduling
According to research, which of the following is the most common reason cited for
outsourcing failure?
A) core competencies identified as non-core
B) erratic power grids in foreign countries
C) unable to control product development, schedules, and quality
D) decisions made without sufficient understanding of the options through analysis
E) political and exchange rate uncertainty
What is the typical planning horizon for aggregate planning?
Describe briefly the information requirements of basic and extended MRP systems.
Comment on the challenge of maintaining timely, accurate information for a large
manufacturing operation based on MRP.
__________ are restrictions that limit the degree to which a manager can pursue an
objective.
Are strategies static or dynamic? What are the forces that lead to this result?
Identify five examples of technology’s impact on services. Specifically, identify one of
these that has led to labor cost reductions. Discuss briefly. Can you add an item, not
identified in the textbook, to this list?
Miles is considering buying a new pickup truck for his lawn service firm. The economy
in town seems to be growing, and he is wondering whether he should opt for a
subcompact, compact, or full-size pickup truck. The smaller truck would have better
fuel economy, but would sacrifice capacity and some durability. A friend at the Bureau
of Economic Research told him that there is a 30% chance of lower gas prices in his
area this year, a 20% chance of higher gas prices, and a 50% chance that gas prices will
stay roughly unchanged. Based on this information, Miles has developed a decision
table that indicates the profit amount he would end up with after a year for each
combination of truck and gas prices.
Calculate the expected monetary value for each decision alternative. Which decision
yields the highest EMV?
The __________ measures the strength of the relationship between two variables.
__________ selects a demonstrated standard of performance that represents the very
best performance for a process or activity.