1. Which of the following statements is incorrect? Facility planning has a short-range component that determines whether more capacity is needed or less. At the aggregate planning level, expected workforce levels and corresponding production output levels are determined based on existing capacity. Scheduling consists of short-term decisions that allocates available capacity by assigning it to specific activities. Scheduling decisions often indicate a need for revised aggregate planning, and aggregate planning may uncover facility needs. Two types of common capacity measures are number of units produced and tons produced. 2. Which of the following statements is incorrect? Two types of common capacity measures are number of customers served over a specified period and physical asset availability. Utilization is the relationship between actual output and input. Utilization = (actual output/capacity) x 100% Utilization is a useful measure for estimating how busy a facility is. In the short term, it is possible to operate above 100% utilization using such approaches as overtime or speeding up the line. 3. Which of the following statements is incorrect? Continuous flow processes may have utilization near 10%. Assembly-line processes may set planned utilization at 80% to allow for flexibility to meet unexpected demand. Batch and job shop processes generally have even lower utilization than continuous or assembly-line processes. In considering the capacity of a facility, the amount of current capacity and the size of the facility should be considered. A factor affecting facilities strategies is the predicted demand. 4. Which of the following statements is incorrect? Two factors affecting facilities strategies is the cost of facilities and the likely behavior of competitors. Two factors affecting facilities strategies is its alignment to the business strategy and international considerations. In considering economies of scale, smaller facilities are generally more economical because fixed costs can be spread over more units of production. In considering economies of scale, larger facilities are generally more economical because the cost of buildings and equipment does not increase linearly with volume. One large facility incurs more transportation costs to deliver goods than do two smaller facilities.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
1. Which of the following statements is incorrect?
Facility planning has a short-range component that determines whether more capacity is needed or less.
At the aggregate planning level, expected workforce levels and corresponding production output levels are determined based on existing capacity.
Scheduling decisions often indicate a need for revised aggregate planning, and aggregate planning may uncover facility needs.
Two types of common capacity measures are number of units produced and tons produced.
2. Which of the following statements is incorrect?
Two types of common capacity measures are number of customers served over a specified period and physical asset availability.
Utilization is the relationship between actual output and input.
Utilization = (actual output/capacity) x 100%
Utilization is a useful measure for estimating how busy a facility is.
In the short term, it is possible to operate above 100% utilization using such approaches as overtime or speeding up the line.
3. Which of the following statements is incorrect?
Continuous flow processes may have utilization near 10%.
Assembly-line processes may set planned utilization at 80% to allow for flexibility to meet unexpected demand.
Batch and job shop processes generally have even lower utilization than continuous or assembly-line processes.
In considering the capacity of a facility, the amount of current capacity and the size of the facility should be considered.
A factor affecting facilities strategies is the predicted demand.
4. Which of the following statements is incorrect?
Two factors affecting facilities strategies is the cost of facilities and the likely behavior of competitors.
Two factors affecting facilities strategies is its alignment to the business strategy and international considerations.
In considering economies of scale, smaller facilities are generally more economical because fixed costs can be spread over more units of production.
In considering economies of scale, larger facilities are generally more economical because the cost of buildings and equipment does not increase linearly with volume.
One large facility incurs more transportation costs to deliver goods than do two smaller facilities.
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