Question 1. Question : (TCOs 6 and 8) What is the approximate forecast for July using a 40-month moving average if the historical demand is as follows: January is 35, February is 36, March is 40, April is 43, May is 48, and June is 49? 38 45 42 43 39 Question 4. Question : (TCO 8) Given an alpha factor of 0.4, a current demand for April of 5,500 units, and a March forecast of 4,900 units, calculate the May forecast. 4,000 6,050 5,080 4,520 5,140 Question 6. Question : (TCOs 5 and12) With a demand during lead time of 130, a safety stock of 20, and a container size of 30, how many kanbans (containers) would be needed? 6 5 8 10 16 Question 8. Question : (TCOs 6 and 8) In the process of using seasonal indices for forecasting, the first step that is taken is compute the average demand over all months. estimate next year’s total annual demand. divide the estimate of total annual demand by the number of seasons. find the average historical demand each season. None of the above Question 11. Question : (TCOs 9, 10, and 12) A key output of the MPS is a material requirements plan. labor loading. a capacity requirements plan. a purchasing plan. a final assembly plan. Question 12. Question : (TCO 12) Bills of material for components, usually assemblies, that exist only temporarily and are never inventoried are called ephemeral bills of material. impermanent bills of material. place holding bills of material. phantom bills of material. Question 13. Question : (TCOs 5 and 12) The feature that distinguishes JIT from Lean and TPS is a greater emphasis on forced problem solving. a greater emphasis on respect for people. a greater emphasis on getting to know the customer. All of the above None of the above Question 14. Question : (TCOs 7 and 8) A characteristic of time series data that it is not possible to forecast is which of the following? Trends Seasonality Random variation Cycles Regression : Question 18. Question : (TCOs 9, 10, and 12) In a build to order MPS, the items stocked in inventory are : finished goods. raw material. subassemblies. end items. None of the above Question 19. Question : (TCO 12) Typical output reports from a material requirements planning system include MRP by period report. MRP by date report. planned order report. purchase advice. All of the above Question 21. Question : (TCOs 6 and 8) One use of medium-range forecasts is to determine sales planning. job assignments. research and development plans. facility location. production levels. 4) Which of the following is a disadvantage of the aggregate planning option of varying production rates through over time or idle time? It may require skills and equipment outside the firm’s areas of expertise. Hiring, layoff, and training costs may be significant. It has overtime premiums, tired workers, and may not meet demand. Customer goodwill is lost None of the above Question 27. Question : (TCOs 6 and 8) What forecasting assumption allows firms to automate their forecasting? There is some underlying stability in the system. Automation is less expensive. Individual forecasts are more accurate than aggregated forecasts. Forecasts are seldom perfect. None of the above Question 28. Question : (TCO 8) A measure of variability around the regression line is coefficient of correlation. coefficient of determination. seasonal variations. None of the above 0 of 5 Comments: Question 30. Question : (TCO 6) In ABC analysis, criteria on which item classification can be determined include annual dollar volume. anticipated engineering changes. delivery problems. quality problems. All of the above Question 34. Question : (TCO 6) Inputs to the aggregate plan include demand forecasts. customer orders. inventory on hand. a capacity plan. All of the above None of the above
Question 1. Question
: (TCOs 6 and 8) What is the
approximate forecast for July using a 40-month moving average if the historical
demand is as follows: January is 35, February is 36, March is 40, April is 43,
May is 48, and June is 49?
38
45
42
43
39
Question 4. Question
: (TCO 8) Given an alpha factor
of 0.4, a current demand for April of 5,500 units, and a March forecast of
4,900 units, calculate the May forecast.
4,000
6,050
5,080
4,520
5,140
Question 6. Question
: (TCOs 5 and12) With a demand
during lead time of 130, a safety stock of 20, and a container size of 30, how
many kanbans (containers) would be needed?
6
5
8
10
16
Question 8. Question
: (TCOs 6 and 8) In the process
of using seasonal indices for
compute the average demand over all months.
estimate next year’s total annual demand.
divide the estimate of total annual demand by
the number of seasons.
find the average historical demand each
season.
None of the above
Question 11. Question
: (TCOs 9, 10, and 12) A key
output of the MPS is
a material requirements plan.
labor loading.
a capacity requirements plan.
a purchasing plan.
a final assembly plan.
Question 12. Question
: (TCO 12) Bills of material for
components, usually assemblies, that exist only temporarily and are never
inventoried are called
ephemeral bills of material.
impermanent bills of material.
place holding bills of material.
phantom bills of material.
Question 13. Question
: (TCOs 5 and 12) The feature
that distinguishes JIT from Lean and TPS is
a greater emphasis on forced problem solving.
a greater emphasis on respect for people.
a greater emphasis on getting to know the
customer.
All of the above
None of the above
Question 14. Question
: (TCOs 7 and 8) A
characteristic of time series data that it is not possible to forecast is which
of the following?
Trends
Seasonality
Random variation
Cycles
Regression
:
Question 18. Question
: (TCOs 9, 10, and 12) In a
build to order MPS, the items stocked in inventory are
:
finished goods.
raw material.
subassemblies.
end items.
None of the above
Question 19. Question
: (TCO 12) Typical output
reports from a material requirements planning system include
MRP by period report.
MRP by date report.
planned order report.
purchase advice.
All of the above
Question 21. Question
: (TCOs 6 and 8) One use of
medium-range forecasts is to determine
sales planning.
job assignments.
research and development plans.
facility location.
production levels.
4)
Which of the following is a disadvantage of the aggregate planning option of
varying production rates through over time or idle time?
It may require skills and equipment outside
the firm’s areas of expertise.
Hiring, layoff, and training costs may be
significant.
It has overtime premiums, tired workers, and
may not meet demand.
Customer goodwill is lost
None of the above
Question 27. Question
: (TCOs 6 and 8) What
forecasting assumption allows firms to automate their forecasting?
There is some underlying stability in the
system.
Automation is less expensive.
Individual forecasts are more accurate than
aggregated forecasts.
Forecasts are seldom perfect.
None of the above
Question 28. Question
: (TCO 8) A measure of
variability around the regression line is
coefficient of correlation.
coefficient of determination.
seasonal variations.
None of the above
0 of 5
Comments:
Question 30. Question
: (TCO 6) In ABC analysis,
criteria on which item classification can be determined include
annual dollar volume.
anticipated engineering changes.
delivery problems.
quality problems.
All of the above
Question 34. Question
: (TCO 6) Inputs to the
aggregate plan include
demand forecasts.
customer orders.
inventory on hand.
a capacity plan.
All of the above
None of the above
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