Production and Operations Management - MGT613 Show On-Line Quiz (No.04) Lecture no.01 to 30 Solved by vuZs Team Mehreen Humayun The method that considers several variables related to the variable being predicted is: Exponential smoothing Weighted moving average Multiple regressions Moving average __________ is central to the philosophy of continuous improvement: Management involvement Employee involvement Organization’s operations Employee involvement is central to the philosophy of continuous improvement. Employee retention rates. Group Consensus relates to which of the following judgmental forecasting technique? Sales force Consumer surveys Delphi method Executive opinions The total weight assigned to actual occurrences should be equal to: 0 1 2 3 Which of the following is not the true representation the concept of time series model? Exponential smoothing Moving averages Naïve approach Linear regression In statistical process control, some tools are used primarily to detect production of defective products / services or process changes. What those tools are known as? Regression charts Pareto charts Control charts Histograms If the final inspector at an automobile paint shop discovers that the paint on the car has a poor finish, the car may have to be completely rescinded and repainted. This would result in ________ incurred. Internal failure cost (zh,vuzs,may2011) ___ costs are incurred in assessing the level of quality attained by the operating
system. (zh,vuzs,may2011) Question # 1 of 15 Productivity refers to the ratio of output to input, in your views what are the measures by which productivity can be increased? Inputs increase while outputs remain the same Outputs decrease while inputs remain the same Inputs and outputs increase proportionately Inputs decrease while outputs remain the same Productivity is a measure of output from a production process, per unit of input. Total productivity = Output quality and quantity / Input quality and quantity Question # 2 of 15 The technical aspect of Six Sigma includes all of the following Except: Improving process performance Use of statistical methods Top management commitment Reduction in variations The Technical aspects of Six Sigma include: 1. Improving process performance 2. Reducing variation 3. Utilizing statistical models 4. Designing a structured improvement strategy Question # 3 of 15 Which one of the following statements is NOT correct about cycle time? It represents daily operating time divided by desired production It is the maximum allowable time at each work station It determines the time often items take to roll off in assembly line It is the time required to complete a product from start to finish Cycle time is the maximum time allowed at each workstation to complete its set of tasks on a unit. Question # 4 of 15 A double sampling plan specifies all of the following Except Size of the initial sample Size of second sample Lot size Double acceptance number A double sampling plan specifies the lot size, the size of the initial sample, accept/reject criteria for the initial sample, the size of the second sample and a single acceptance number. Which one of the following layout type is also called line layout? Fixed Position layout Process layout Product layout Cellular layout Product layout: These layouts are also known as the line layouts or the layout by sequence. In such layouts, the manufacturing cycle is small with minimum material handling. The space required is small and quality control is easy to exercise. Which one of the following is an example of site related factors that affect location decision? Transportation Quality of life Location of new markets Location of raw materials Site Related Factors:
In decision making theory the next step after implementing the best possible alternative is to: Develop Alternatives Develop results Monitor the results Implementation The decision making process involves the following six important steps 1. Specify Objectives and the Criteria for decision making 2. Develop Alternatives 3. Analyze and compare alternatives. 4. Select the best alternative. 5. Implement the chosen Alternative 6. Monitor the results to ensure the desired results are achieved. In exponential smoothing model, a denotes: Smoothing constant Previous forecast Forecast error Actual forecast α = Alpha smoothing constant Which one of the following is a productivity measure based on all inputs? Capital productivity Multifactor productivity Partial productivity Total productivity Multifactor productivity (MFP) measures the changes in output per unit of combined inputs. ___________ is a philosophy of continually seeking ways to improve operations Poke – yoke Kaizen Robustness Quality deployment Kaizen is the Japanese word for continuous improvement. Which one of the following factors provides a basis for comparing alternative forecasting techniques? Time dimension Reliability factor Degree of accuracy Measuring units Accuracy: Forecasts should be accurate. In fact it should carry the degree of accuracy, so the users are aware of the limitations of the forecast. Which one of the following is NOT the input in the transformation process? Informations Services Facilities Materials Information is the output of any input. ABC Freight Company is overflowed with customer complaints of poor quality services. To achieve quality in the services being provided, managers can make use of which of the following strategy? Cost leadership strategy Statistical process control strategy Service differentiation strategy Conditional service guarantee strategy Statistical Process Control is one important tool to ensure that Service Quality is achieved before a defect is introduced in the service being offered or product being manufactured. Which of the following is NOT an emerging trend in the workplace? Increasing workplace diversity Decreasing work schedule flexibility Increasing number of part time jobs Increasing use of temporary labor The concept of Agile organization refers to: Flexibility Quality Quick Response Profitability Quick response aka also known as Agility and an organization on this basis is often known as Agile Organization. TQM is being criticized on the basis of factors which show:
Cost and company policy Which of the following shows the quality and timing of specific end items for a scheduled horizon? Select correct option: Simulation model Master schedule Aggregate plan Critical path model What are the factors of aggregate planning?Factors considered in the aggregate planning activity include:. Sales forecasts.. Inventory investment.. Capital equipment utilization.. Work force capacity.. Skills training requirements.. Corporate policies concerning customer service levels, overtime, and subcontracting.. What are the three 3 major aggregate planning strategies?3 Types of Aggregate Planning Strategies. Level Strategy: The goal of an aggregate planning strategy is to keep the production rate and the workforce level. ... . Chase Strategy: As the name implies, you are chasing market demand. ... . Hybrid Strategy: There is a third alternative, which is a hybrid of the previous two strategies.. What are the 5 aggregate planning strategies?6 types of aggregate planning strategies. Type 1: Pricing differentials and promotions. Managers use pricing differentials and promotions to boost demand to match available capacity. ... . Type 2: Back ordering. ... . Type 3: Generating new demand. ... . Type 4: Seasonal hiring. ... . Type 5: Subcontracting. ... . Type 6: Building up inventory.. How do you choose the best aggregate plan strategy?TECHNIQUES FOR AGGREGATE. Determine demand for each period.. Determine capacity for each period. ... . Identify company, departmental, or union policies that are pertinent. ... . Determine unit costs for units produced. ... . Develop alternative plans and compute the cost for each.. |
Which of the following factors are important for choosing a strategy for aggregate planning
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