Busi 411 - Study guides, Class notes & Summaries

BUSI 411 Operations Management Homework 1. An assembly line with 17 tasks is to be balanced. The longest task is 2.4 minutes, and the total time for all tasks is 18 minutes. The line will operate for 450 minutes per day. a. What are the minimum and maximum cycle times? (Round your answers to 1 decimal place.) b. What range of daily output is theoretically possible for the line? (Round your answers to 1 decimal place. Enter the smaller value in the first box and the larger value in the se...

ABC ApproachClassifying inventory according to some measure of importance, and allocating control efforts accordingly. Cycle CountingA physical count of items in inventory. Cycle StockThe amount of inventory needed to meet expected demand Economic Order QuantityThe order size that minimizes total annual cost. Excess CostDifference between purchase cost and salvage value of items left over at the end of a period. Fill RateThe percentage of demand filled by the stock on hand.

BUSI 411 Exam 4 (Version 1), BUSI 411 OPERATIONS MANAGEMENT, Liberty University. Best Document for exam.

BUSI 411 Operations Management 1. Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. What is the economic order quantity for pepperoni? A. 20 pounds B. 40 pounds C. 60 pounds D. 80 pounds E. 100 pounds 2. The materials manager for a billiard ...

Problem 3-2 (Algo) 1. National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000)Units Feb. 17 Mar. 20 Apr. 12 May. 22 Jun. 19 Jul. 24 Aug. 26 Click here for the Excel Data File a. Forecast September sales volume using each of the following: (1) The naive approach. Explanation: Using the naïve approach, the forecast for the next month (September) will equal 20. (2) A five-month moving average. (Round you...

1. The following table lists the components needed to assemble an end item, lead times, and quantities on hand. a. If 24 units of the end item are to be assembled, how many additional units of E are needed? (Hint: You don't need to develop an MRP plan to determine this.) Explanation: Items to be assembled: 24 # of Items of B needed to make 24 end items = 24 x 2 = 48 Amount of B on hand = 10 Additional units of B needed = 48 – 10 = 38 # of Items of E needed for making required no. of ...

1. A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs compared to locating near the market, but the owners believe there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $190 in either case. Explanation: Profit = (Rev/unit – VC/unit)...

Operations Management BUSI 411: Quiz – Defining Services & New Service Development 1. In their chief role of _________, operations managers exert considerable influence over the degree to which the goals and objectives of the organization are realized. a. promoter/salesman b. designer/builder c. planner/decision maker d. recruiter/trainer e. troubleshooter/problem-solver 2. The responsibilities of the operations manager include: a. allocating financial resources throughout the organiz...

Busi 411 Ops. Management 1. Specifications for a part for a 3-D printer state that the part should weigh between 24.5 and 25.5 ounces. The process that produces the parts has a mean of 25.0 ounces and a standard deviation of .25 ounce. The distribution of output is normal. Use Table-A. a. What percentage of parts will not meet the weight specs? (Round your "z" value and final answer to 2 decimal places.) Explanation: z = (x − µ)/σ z = .5 / .25 = 2.00 2 (.0228)=.0456 0.456 x 100 =...

Which of the following quality sample statistics indicates a quality characteristic that is an attribute? - CORRECT ANSWER-Proportion A time-ordered plot of representative sample statistics is called a: - CORRECT ANSWER-Control Chart A control chart used to monitor the process mean is the: - CORRECT ANSWER-x-bar chart A control chart used to monitor the fraction of defectives generated by a process is the: - CORRECT ANSWER-p-chart A p-chart would be used to monitor___________. - CORR...