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George Dantzig developed the Simplex Method in 1947.
The cost of space in Silicon Valley is higher now than it was in the late 1990s.
An order released to the shop floor authorizes withdrawal of the needed materials and
the start of production.
Maximizing worker proximity minimizes privacy issues.
Intermittent operations group their resources based on similar operations or functions.
There are two types of Kanban cards, production Kanban and withdrawal Kanban.
A checklist is a list of common defects and the relative importance of these defects.
Recent research suggests that most large companies have not increased their level of
outsourcing.
Anticipation inventory is also called cycle stock.
Focus forecasting needs to test the rule set once for the highest level of accuracy.
An example of a 'back room' operation for an airline company is loading luggage onto
the airplane.
An activity in a network diagram has an optimistic time estimate of five days, a most
likely time estimate of seven days, and a pessimistic time estimate of 15 days. Its
expected time is eight days.
A customer population is called finite when the number of potential new customers is
not affected by the number of customers already in the system.
External setups can be done while the machine is running.
Material requirements planning is an information system designed to integrate internal
and external members of the supply chain.
W. Edwards Deming is often referred to as the father of quality control.
One issue that design for manufacture focuses on is material durability.
The expected operational life of a product is called its reliability.
Companies need to design compensation systems that _________________.
a) punish poor performance
b) reinforce the behaviors needed to meet the company's objectives
c) are easy to administer
d) do not differ significantly from those of other firms in the industry
e) are innovative
One way of wasting safety time in the critical chain approach is multitasking, which
involves ___________.
a) waiting until the last minute to start a project
b) interaction among project activities
c) having the computer operating system do everything
d) using a person or resource for more than one project
e) reversing the order of the activities
A difference between self-directed and self-managed teams is:
a) who defines the team's working goal
b) who defines the team's compensation package
c) who defines the team rules
d) where the work is performed
e) what means of job enrichment will be applied
The first unit of a product took 180 hours to complete. A 70% learning curve is
expected. (a) How long will the 19th unit take to complete? (b) How long will it take to
complete the first 19 units?
Insourcing incurs an annual fixed cost of $500,000 and a variable cost of $60 per unit.
Outsourcing incurs an annual fixed cost of $750,000 and a variable cost of $20 per unit.
What is the indifference point between the two alternatives?
a) 0 units
b) 6250 units
c) 6250 units
d) 40 units
e) 12,500 units
Standard times can be used to measure performance of individual workers. If a worker
fails to match the standard time, the company should do what?
a) put the worker on probation
b) ignore the situation
c) change the standard time
d) provide training to improve the worker's performance
e) fire the worker
Deming pointed out that 85% of quality problems are caused by
a) Worker error
b) Numerical quotas
c) Processes and systems
d) Carelessness
e) Suppliers
In the custom footer box in Excel, what symbol precedes the set of brackets containing
the commands '[File],' '[Tab],' '[Date],' or '[Time]?'
a) *
b) %
c) #
d) @
e) &
Implementing process improvements or dedication of additional resources is one way to
improve:
a) priority rule applications
b) the number of lines required
c) server efficiency
d) service facilities
e) arrival rates
For capacity requirements planning, loads for critical work centers are calculated based
on ___________.
a) open external supplier orders and planned external supplier orders
b) gross requirements for the end product
c) open shop orders and planned shop orders
d) safety stock
e) the sum of ordering and carrying costs
Which phase in the project life cycle involves carrying out the activities that make up
the project?
a) conception
b) feasibility analysis or study
c) planning
d) execution
e) termination
Quality Function Deployment begins by
a) Translating scores into specific product characteristics
b) Evaluating how the product compares with its major competitors
c) Setting specific goals to address the specified problems
d) Identifying important customer requirements
e) Numerically scoring customer requirements based on their importance
A key feature of scientific management is that workers are motivated only by
__________________.
a) love
b) power
c) challenging work
d) money
e) fame
Quality planning, employee training in quality measurement, and cost of maintaining
records of information and data related to quality are __________ costs.
a) Internal failure
b) External failure
c) Appraisal
d) Prevention
e) Replacement
A firm has the following order history over the last 6 months.
What would be a 3-month weighted moving average forecast for July, using weights of
40% for the most recent month, 30% for the month preceding the most recent month,
and 30% for the month preceding that one?
a) 75
b) 72.5
c) 50
d) 90
e) 106.5
For a continuous review policy, if the standard deviation of replenishment lead time is
171.58 units and 266 units of safety stock are held, what is the implied order-cycle
service level?
What is the break-even price if fixed cost = 100, variable cost = 7, and selling price =
9?
What are the four basic layout types?
Waiting line priority rules determines _________ customer is served _________.
Discuss why the degree of accuracy is important in selecting the right forecasting
model.
Name a reason for using ERP and a reason it might be difficult to implement.
