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Strayer BUS430 week 7 quiz




uestion 1;Safety capacity is intended for all of the following except;Answer;power outages;equipment breakdowns;seasonal demand;material shortages;Question 2;In service organizations, capacity is more often viewed as;Answer;The maximum rate of output per unit time;Units of resource availability;The ability to meet any customer demand;The amount of overtime scheduled;Question 3;An entity in which idle capacity exists is called a ____.;Answer;Bottleneck work activity;Physical constraint;Non-bottleneck work activity;Nonphysical constraint;Question 4;All the following are means to adjust short-term capacity except;Answer;Add peripheral goods and/or services;Add or share equipment;Sell unused capacity;Change labor skill mix;Question 5;Safety capacity or a capacity cushion is;Answer;needed for processes with little demand variability;provided for anticipated events;generally higher in a job shop;not appropriate for service organizations;Question 6;Which of the following is not correct relating to bottleneck resources?;Answer;Should be scheduled first;An hour lost is an hour lost for the entire process or factory output;Use large order sizes;Should plan safety capacity;Question 7;A firm will encounter short periods of over- and under-utilization with which of the following capacity expansion approaches?;Answer;One large capacity increase;Small capacity increases that match demand;Small capacity increases that lead demand;Small capacity increases that lag demand;Question 8;An organization that would typically use a revenue management system is;Answer;Computer manufacturer;Fast food restaurant;Car rental company;Package delivery service;Question 9;For a non-bottleneck activity;Answer;Utilization must be near 100%;An hour lost has no effect on total process or factory output;Use large order sizes to minimize setups;Work-in-process buffer inventory should be placed in front of non-bottlenecks;Question 10;Safety capacity is most closely related to;Answer;Bottlenecks;Economies of scale;Unanticipated events;Focused factory;Question 11;Which of the following is not a key consideration in long-term capacity strategy?;Answer;Equipment sharing;Initial investment in facilities and equipment;Annual cost of operating and maintaining facilities and equipment;Opportunity loss incurred from lost sales and reduced market share;Question 12;A focused factory is least likely to focus on;Answer;A few key products;A specific technology;A certain process design and capability;A seasonal demand good;Question 13;Which of the following is a short-term capacity decision?;Answer;Expanding the size and number of beds in a hospital;Amount of warehouse space to rent for a new promotional item;Closing down a distribution center;Changing the cooking technology in a chain of fast-food restaurants;Question 14;A capacity straddle strategy is related to;Answer;One large capacity increase;Small capacity increases that match average demand;Small capacity increases that lead demand;Small capacity increases that lag demand;Question 15;When the average unit cost of a good or service decreases as the capacity and/or volume of throughput increases, it is called;Answer;Economies of scale;Diseconomies of scale;Cost cushioning;A nonphysical constraint;Question 16;Repeatable periods of ups and downs over short periods of time are called ____.;Answer;Trends;Seasonal patterns;Cyclical patterns;Irregular variation;Question 17;A moving average model works best when ____ in the time series.;Answer;Only irregular variation is present;Only a trend is present;There is no trend, seasonal, or cyclical pattern;Trend, seasonal, and cyclical patterns all exist;Question 18;A(n) ____ is a one-time variation that is explainable.;Answer;Cyclical pattern;Random Variation;Irregular variation;Seasonal pattern;Question 19;Which of the following does not fit with the Delphi method?;Answer;Group of experts;Brought together as a group;Process iterates until a consensus is reached;Qualitative as well as numerical outputs;uestion 20;Regression analysis;Answer;Is limited to one dependent and one independent variable;Is best with linear relationships;Maximizes the sum of the squared deviations between the actual time series value and the estimated values of the dependent variable;Can be used with time as the independent variable;Question 21;Which of the following is not a valid approach to gathering data for judgmental forecasting?;Answer;Questionnaire;Telephone contact;Personal interview;Company records;Question 22;For single exponential smoothing;Answer;Large values of alpha (?) place more emphasis on recent data;Small values of alpha (?) place more emphasis on recent data;Very volatile time series with substantial random variability should use a large value for alpha (?);Very stable time series with little random variability should use small values for alpha (?);Question 23;If single exponential smoothing is used and the time series has a negative trend, the forecast will;Answer;Lag;Overshoot;Be on target;Have a MAD equal to zero;Question 24;A tracking signal provides a method for quantifying forecast;Answer;bias;error;accuracy;outliers;Question 25;All of the following are important concepts in forecasting except;Answer;Determining the planning horizon length.;Determining the time bucket size (i.e., year, quarter, month, week, day, etc.).;Using a smoothing constant of 0.1 in Delphi methods of forecasting.;Identifying cyclical patterns.;Question 26;forecasts are needed for planning production schedules and to assign workers to jobs.;Answer;Long-range;Intermediate-range;Short-range;Demand planning;Question 27;Exponential smoothing...;Answer;Works best for long-term forecasting;Yields a mathematically optimal solution;Assigns weights to past data that decay exponentially as the data gets older;Cannot be adapted to handle trend;Question 28;All of the following are important in choosing a forecasting method except;Answer;Smoothing constant (?);Time span for which forecast is made;Data requirements;Quantitative skills needed;Regular patterns in a data series that take place over long periods of time are called ____.;Answer;Trends;Seasonal patterns;Cyclical patterns;Irregular variation;Question 30;If actual demand for a product is highly influenced by only random variation, the quantitative technique to use for forecasting demand is;Answer;Regression;Moving average;Mean Absolute Percentage Error (MAPE);Delphi


Paper#30927 | Written in 18-Jul-2015

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