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Question
A particular brand of soap has a lead time of three weeks to reorder, a weekly standard deviation of ten units and a weekly average usage of 30 units. The reorder point for this soap, assuming a 95% service level (z = 1.645), is:
A. 16.45 units
B. 28.50 units
C. 106.45 units
D. 118.49 units
Answer
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Related questions
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The average inventory level is defined as the difference between the cycle stock and the safety stock.
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The choice between P and Q systems should be based on:
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B. Annual dollar usage
C. Activity-based costs
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Which of the following is NOT an assumption of the basic EOQ model?
A. Annual demand is constant and known.
B. Lead-time is constant and known.
C. No stockouts are allowed.
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B. Inventory that is independent of any known rules of demand and supply
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Which of the following is NOT a purpose of inventory?
A. To protect against uncertainties
B. To allow economic production of batches
C. To provide for transit
D. To decrease obsolescence
Q:
A work-breakdown structure is used in the scheduling activity of project management.
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Given that unit cost = $25, annual carrying charge = 10%, annual demand = 4000 units and ordering cost = $15 per order, the EOQ is:
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Project management requires:
A. Scheduling, planning, and controlling
B. Quantitative skills
C. Behavioral skills
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Q:
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D. All of the above
Q:
Which of the following statements about Little's Law is NOT include?
A. Little's Law cannot be applied to service operations
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Q:
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A. This step is simply omitted
B. Process flow analysis cannot be performed
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Q:
Which of the following statements regarding business process reengineering (BPR) is NOT true?
A. BPR is a term coined by Hammer and Champy in the book called "Reengineering the Corporation."
B. BPR refers to extensive process redesign.
C. BPR simplifies processes and eliminates the non-value added elements from the process.
D. BPR is synonymous to the Total Quality Management approach of process improvement.
Q:
The major difference between the service delivery system matrix and the product-process matrix is that service process design generally does not vary with customer volume.
Q:
If I denotes the average inventory in the system, T denotes the average throughput time, and R denotes the average flow rate of the system, then by Little's Law:
A. I = T/R
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C. I = R/T
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Q:
Which of the following is NOT an example of a high contact service?
A. Retail trade
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Q:
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B. Is an implicit service
C. Is rapid compensation for a service failure
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Which of the following are characteristics of a low-contact service delivery system?
A. Lower costs and more standardization
B. Greater flexibility, need for people who are highly skilled in interpersonal relations, and a customer orientation
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E. All of the above
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What are the three areas of process selection decisions that affect environmental impact?
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An example of an industry that produces a few major discrete products and uses a product layout is:
A. Commercial printer
B. Heavy equipment
C. Automotive assembly
D. Sugar refinery
Q:
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A. Quality, delivery, cost, and innovation
B. Quality, cost, flexibility, and agility
C. Quality, cost, delivery, and flexibility
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Q:
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As price increases and benefits remain constant, the value of a product increases.
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The contemporary operations themes signify that:
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B. Every operation should be externally directed to meet the customers' requirements
C. Operations decisions should precede decisions in other functions in an organization
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Q:
Approximately, what percentage of the American workforce works in service industries?
A. 20%
B. 40%
C. 80%
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Q:
The master production schedule for Product A shows a need for 30 units, and Product B shows a need of 25 units. To manufacture a unit of Product A, three units of component C are required. To manufacture a unit of Product B, four units of component C are required. Determine the gross requirements for component C to complete production.
A. 55
B. 190
C. 110
D. 380
E. None of the above
Q:
In MRP "scheduled receipts" are:
A. Identical to "planned order receipts"
B. Identical to "planned order releases"
C. Identical to "net requirements"
D. Open orders not delivered yet
Q:
MRP is a type of pull system.