Mgt 3900 unit 2 - Study guides, Class notes & Summaries

MGT 3900 Final 2023 - Questions and Answers According to our book, Lead time demand (LTD) is best defined as: a. the total flow-unit requirement during the replenishment lead time b. the uncertainty in the flow-rate due to problems in forecasting and supply variance c. the total annual flow-unit requirement d. answering the fundamental question of when to reorder inventory. According to our book, cycle service level is best defined as: a. the fraction of total demand satisfied from inventory on...

MGT 3900 Midterm Exam - (Answered) Littles Law Inventory (I) = Flow Rate (R) * Flow Time (T) Littles law is based on ____________ Averages.... What does it mean if a process is stable? what comes in = what goes out 1st step in analyzing a process draw a process flow diagram For a one step process, Capacity = 1 / processing time For a one step process, if processing time is 30 seconds, what is capacity of the process? capacity = 1/ processing time.... 1/30 seconds or 60/30 seconds = 2 units per ...

Product Mix - ANSWER A combination of different flow unit types moving through a process. Total Demand Rate - ANSWER tells us how many flow units need to be processed at resource i across all different flow units. Resource Capacity - ANSWER the process of defining the amount of work that is able to be done by resources at a company. Flow Unit Dependent Processing Times - ANSWER The fact that the processing times can vary across flow unit types. The total demand rate for a resource is...

MGT 3900 Exam 2 QUESTIONS AND ANSWERS/ STUDY NOTES Questions: 1. There can be no more than two firms on the efficient frontier. False 2. If the takt time is shorter than the cycle time, the process needs to run faster. True 3. When an operation improves its efficiency, its revenue will always stay constant while its costs will go down. False. 4. You and three of your friends run a car wash for a fundraiser. Between interior and exterior cleaning, you spend about 40 minutes per vehicle. You...

MGT 3900 Exam 2 QUESTIONS AND ANSWERS/ STUDY NOTES MGT 3900 Exam 2 QUESTIONS AND ANSWERS/ STUDY NOTES Questions: 1. There can be no more than two firms on the efficient frontier. False 2. If the takt time is shorter than the cycle time, the process needs to run faster. True 3. When an operation improves its efficiency, its revenue will always stay constant while its costs will go down. False. 4. You and three of your friends run a car wash for a fundraiser. Between interior and exter...

MGT 3900 Unit 2 Quizzes Questions & Answers

MGT 3900 Exam 2 QUESTIONS AND ANSWERS/ STUDY NOTES MGT 3900 Exam 2 QUESTIONS AND ANSWERS/ STUDY NOTES Questions: 1. There can be no more than two firms on the efficient frontier. False 2. If the takt time is shorter than the cycle time, the process needs to run faster. True 3. When an operation improves its efficiency, its revenue will always stay constant while its costs will go down. False. 4. You and three of your friends run a car wash for a fundraiser. Between interior and exterior cl...

MGT 3900 Exam 2 QUESTIONS AND ANSWERS/ STUDY NOTES Questions: 1. There can be no more than two firms on the efficient frontier. False 2. If the takt time is shorter than the cycle time, the process needs to run faster. True 3. When an operation improves its efficiency, its revenue will always stay constant while its costs will go down. False. 4. You and three of your friends run a car wash for a fundraiser. Between interior and exterior cleaning, you spend about 40 minutes per vehicle. You...

MGT 3900 PLAN REQUIREMENTS FOR MIYAOKA LITTLEFIELD SIMULATION Team Name: Team2 Questions about the game set up: 1) The cost of a single raw kit is: Unit cost = $10.00/kit 2) The lead time to obtain an order of raw kits is: 4 days 3) The amount of interest earned on the cash balance is (choose one): a. Current market rate. b. 5% c. 10% d. 10% minus taxes Forecast of demand: Either enter your demand forecast for the weeks requested below, or use Excel to create a projected demand...