Business Production Control

1. _____ is achieved by collecting and lumping information about all items to be produced together. These items require common production materials and facilities. (Points : 1) Strategic planning
Detailed scheduling
Company planning
Aggregate planning

Question 2. 2. The more constrained TM model version in the text for aggregate planning _____ backorders. (Points : 1)

did not allow

did allow

permitted

put a cost on

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Question 3. 3. An appropriate inventory cost analysis must be used to (Points : 1)

increase material and production costs.

determine whether a discount should be taken.

compensate for overtime production.

compute carrying costs of competitive companies.

Question 4. 4. When there is a large amount of demand fluctuation, a variable workforce capability is appealing but there are offsetting costs, which include the areas of: (Points : 1)

Information Systems

Human Resource management

Both a and b

None of the above

Question 5. 5. The sum of costs associated with a constant workforce are significantly less than the sum of costs associated with a variable workforce. This indicates which production scheduling choice? (Points : 1)

chasing policy

level production strategy

hybrid policy

combination strategy

Question 6. 6. The importance of being on time with project completions has led to the development of (Points : 1)

just-in-time inventory methods.

critical path methods.

flexible manufacturing systems.

order-point policies.

Question 7. 7. Dynamic inventory models apply to inventories that are used for _____. Upon occasion they apply as well to intermittent flow shops, batch work that occurs regularly, and supplies that are used for ongoing support systems. (Points : 1)

batch shops with many items

projects that have low repetition rates

flow shops and continuous processes

custom shops and low volume job shops

Question 8. 8. _____ means that there is no good forecast for the probabilities of demand and/or lead-time distributions. (Points : 1)

Uncertainty

Strong predictability

Certainty

Low risk

Question 9. 9. One or more components of lead time is (are) the _____. (Points : 1)

amount of time needed for recognition of the fact that it is time to reorder.

interval for doing whatever clerical work is needed to prepare the order.

mail/telephone intervals to communicate with the supplier to place the order.

delivery time that includes loading, transit, and unloading intervals.

all of the above

Question 10. 10. HMMS is the four-letter abbreviation created to stand for (Points : 1)

Holt.

Modigliani.

Math.

Simon.

all of the above except c, which should be Muth.

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