Connect_9_Tophat_9

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Feb 20, 2024

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Jon B Stone Operations COB300C Connect 9 Top Hat 9 Which of the following describes a following capacity strategy? It builds capacity when demand exceeds current capacity Which of the following are not the key questions to be answered when making capacity planning decisions From whom should we purchase the capacity? Why is the capacity needed? Which of the following statements accurately reflect the (strategic) importance of capacity decisions? Capacity decisions impact how well a firm can meet its demand. Capacity decisions affect operating costs. Capacity decisions can affect competitiveness. Design capacity is the ____________ output rate a process is ________ for. Maximum Designed Uniformity of output is a ________ factor in determining effective capacity. Product and service The three primarary capacity strategies are __________, _________, and ____________. Leading Following Tracking True or false: Globalization simplifies capacity decisions because there are more, cheaper options. False True or false: In evaluating capacity alternatives, both financial and qualitative analyses must be performed.

True Effective capacity is the ___________ capacity ____________ allowances such as maintenance. Design Minus True or false: The more uniform production output is, the less effective capacity the operation has. False In the context of forecasting capacity requirements, identify some of the basic demand patterns. Cyclical Stable Which of the following describes a leading capacity strategy? It builds capacity in anticipation of future demand increases. Which of the following situations causes a misjudgment of a firm's capacity requirements? Marketing personnel are overly optimistic in their predictions Predictions focus mainly on the potential revenue that will be earned Place the following steps in the capacity planning process in the correct order. Estimate future capacity requirements Evaluate existing capacity and identify gaps Identify alternatives for meeting requirements Conduct financial analyses of each alternative Assess key qualitative issues for each alternative Select, implement, and monitor the best alternative to pursue Design capacity minus allowances such as personal time and maintenance is known as _____. Effective Capacity Long-term capacity planning decisions relate to ______ of capacity. Overall Level Which of the following statements about variability in capacity planning/forecasting is/are true? Service systems have considerable variability in service time, making capacity planning challenging. Service systems have considerable variability in service requests, making capacity planning challenging. Long-term capacity alternatives include which of the following?

Relocating existing operations Closing branch facilities Opening branch facilities Expanding an existing facility Contracting an existing facility True or false: In evaluating capacity alternatives, both financial and qualitative analyses must be performed. True Which of the following are points for consideration when deciding whether to outsource or produce in-house? The level of expertise available in-house. Demand patterns. The fixed costs. A hotel room illustrates several of the challenges associated with planning service capacity. Which of the following illustrate these? There is high demand during certain times of the year. A hotel room must be in a location a customer would like to stay. An empty hotel room cannot be stored for future use. Which of the following are ways to enhance the development of capacity strategies? Make provisions for possible future expansion. Take into account the acquisition of capacity chunks. Consider which life cycle stage the product is in. Which of the following are points for consideration when deciding whether to outsource or produce in-house? The level of quality available/desired The available capacity The nature of demand Place the following steps for resolving constraint issues in order: Identify the most pressing constraint. If it cannot be easily overcome, go to the next step. Change the operation to achieve maximum benefit, given the constraint

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Make sure all other parts of the process support the constraint Explore and evaluate alternatives for overcoming the constraint Repeat until the levels of constraints is acceptable The volume at which total cost and total revenue are equal is referred to as the ______. break-even point A common approach by managers in determining how to allocate scarce funds is to rank investment proposals by taking into account ______. Time value of money True or false: Capacity requirements are often closely linked to the stage of the life cycle that a product or service is in. True Increasing ________ allows the firm to be more responsive to changing market conditions. Flexibility A constraint ________ the performance of a system in achieving its _________. Restricts Goal Which of the following is the correct formula for the break-even point? Q=FC/R-v The difference between the cash received from sales and other sources and the cash outflow for labor, materials, overhead, and taxes is known as _____. Cash Flow Improving which of the following aspects of a firm's operations can increase its capacity? Efficiency Utilization Bottleneck management Two important terms in financial analysis are _________ flow and ________ value. Cash Present

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