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BSOP 209 Week 4 Quiz

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1. TCO 6) What is the first step in solving a break-even analysis using a graphic approach?;2. (TCO 7) Define NPV;3. (TCO 9) What limits the use of a graphical solution to LP;4. (TCO 8) What are the three parts of a wait-line system?;5. TCO 8) In reference to queuing, what is a limited or finite population?;6. (TCO 8) What does FIFO mean?;7. (TCO 8) Describe or define a negative exponential-probability distribution;8. (TCO 8) Which waiting-line model has a dependent relationship between the length of the queue and the arrival rate?;9. (TCOs 6 and 7) XYZ plating is going ahead on an expansion project. They will be able to earn $300 per hour and run 3,000 hours per year. What is the net present value for the next five years with an interest rate of 6%?;BSOP 209 Week 6, Quiz;1. (TCO 14) Briefly discuss the decision methods used when there is complete uncertainty as to which state in a decision environment may occur.;2. (TCOs 10,11 and 12) Chad's Pottery Barn has enough clay to make 24 small vases or 6 large vases. He has only enough of a special glazing compound to glaze 16 of the small vases or 8 of the large vases. Let X1 = the number of small vases and X2 = the number of large vases.;3. (TCO 13, 14) XYZ coating company has reviewed four new processes for improving their coating line. The four processes, labeled A, B, C, and D use different technology and have different capacities. All the processes have the same level of production and the lifetime

 

Paper#73884 | Written in 18-Jul-2015

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