MGMT 301 FINAL || Questions and 100% Verified Answers.
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Course
MGMT 301
Institution
MGMT 301
The theory of constraints (also called synchronous manufacturing) suggests that the scheduling of a bottleneck resource should be guided by the capacity of a non-bottleneck resource. correct answers False
The choice of which sequencing rule to use in production scheduling does not need to be rel...
MGMT 301 FINAL || Questions and 100% Verified Answers.
The theory of constraints (also called synchronous manufacturing) suggests that the scheduling
of a bottleneck resource should be guided by the capacity of a non-bottleneck resource. correct
answers False
The choice of which sequencing rule to use in production scheduling does not need to be related
to the firms operations strategy. correct answers False
Sequencing rules are often used instead of "optimal" job assignments because job shop (batch)
production environments are complex and dynamic. correct answers True
A production scheduling department is generally responsible for? correct answers loading,
sequencing, and monitoring
Which of the following is not a "transformation process" discussed in class correct answers
marginal
In production scheduling, "Loading" refers to correct answers Assigning work to specific
machines, work centers, or work areas.
Unlike most of the scheduling rules discussed in class, Johnson's rule actually finds an "optimal"
production schedule. correct answers True
Scheduling in a job shop or batch production environment is generally very complicated. correct
answers True
Which of the following is NOT a scheduling responsibility of a production department? correct
answers Forecasting
Scheduling issues differ from industry to industry, so the approach to scheduling also varies by
industry correct answers True
Calculate MAD using the following data. Round your answer off to 2 decimal places. Demand
for the past 4 periods was: 342, 355, 349, 348; Forecasts for the past 4 periods was: 347, 349,
348, 348 correct answers 3.00
The fewer periods of data that you include in a moving average forecast, the more "smoothed"
out the forecasts will be. correct answers False
Which two steps in the forecasting process are most likely to get skipped or ignored in practice?
correct answers Validation and monitoring
Calculate a weighted moving average forecast for period 6, using the following data: Weights:
use .5 as weight for most recent demand, use .3, as weight for next most recent demand and
, use .2 as weight for the next most recent demand; Demands for periods 1-5 are 501, 492, 499,
505, 496. Round off your answer to two decimal places. correct answers 499.3
The optimistic time for a task is 5 days, the most likely time is 6 days, and the pessimistic time is
13 days. The expected time for the task is? correct answers 7 days
Costs that are allocated to a project generally increase as project duration increases, while direct
costs of a project may generally decrease as project duration increases. correct answers True
The PERT method of Project Scheduling uses known activity times. correct answers False
In an AON project network, nodes of the network represent the activities. correct answers True
The mean expected completion time for a project is 21 weeks. The critical path for the project is
A-C-F. What is the probability that the project will get done in 24 weeks? Write you answer in
decimal form (for example, write an 82.5435% probability as .8254). Round off to the 4th digit,
as in the example above. correct answers .8413
Which of the following is NOT true about "Pull" or "Kanban"-based production control. correct
answers Increases inventory levels so that customer service will be higher
JIT is a set of inter-related and inter-dependent practices. correct answers True
Which of the following is NOT a basic element of JIT? correct answers Product Structure Tree
Cellular layouts (from manufacturing cells) seek to have the flexibility of a production line while
being efficient too. correct answers False
JIT considers inventory to be a "waste". correct answers True
The Chase approach of aggregate production planning correct answers Will plan production
capacity to be equal to forecast demand
Most businesses attempt to modify demand and capacity while doing aggregate planning,
because doing so can result in higher profits. correct answers False
Aggregate production planning is a result of master scheduling correct answers False
Which of the following is NOT typically an option to be considered when trying to modify
capacity during aggregate production planning? correct answers counter-seasonal product mixing
Of the methods discussed in class for modelling aggregate planning situations, only linear
programming and linear decision rules will identify optimal solutions -- the other methods will
NOT identify their solutions as optimal. correct answers True
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