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The __________ is the set of all feasible combinations of the decision variables.
Suppose the following random numbers (1, 34, 22, 78, 56, 98, 00, 82) were selected
during a Monte Carlo simulation that was based on the chart below. What was the
average demand per period for the simulation? What is the expected demand?
Which product design below has the higher system reliability?
A school district is considering where in town to house its central office (The office
must also be located at an existing school for cost reasons). If there are five schools in
the district, with locations and size given in the following table, use the COG method to
determine at which school the central office should be placed to minimize the average
distance between the office and students.
Briefly describe the concept of cost/time trade-off and how it is used.
A restaurant has tracked the number of meals served at lunch over the last four weeks.
The data shows little in terms of trends, but does display substantial variation by day of
the week. Use the following information to determine the seasonal (daily) index for this
restaurant.
__________ is the minimum inventory necessary to keep a perfect system running.
The specification for a plastic handle calls for a length of 6.0 inches .2 inches. The
standard deviation of the process is estimated to be 0.05 inches. What are the upper and
lower specification limits for this product? The process is known to operate at a mean
thickness of 6.1 inches. What is the C and Cpk for this process? Is this process capable
of producing the desired part?
__________ forecasting tries a variety of computer models and selects the best one for
a particular application.
