Thursday, 03 August 2017 / Published in Uncategorized

Devry BSOP334 final exam

Page 1

Question 1.1.(TCO
1) Define product package.(Points
: 5)

The exterior
wrapping
The shipping
container
A combination of
goods and services
Goods in a
manufacturing organization
Customer
relations in a service organization

Question 2.2.(TCO
1) All of the following statements are not true about systems approach,
except(Points
: 5)

a systems
viewpoint is almost always beneficial in decision making.
a systems
approach emphasizes interrelationships among subsystems.
a systems
approach concentrates on efficiency within subsystems.
a systems
approach is essential whenever something is being redesigned or improved.
All of the above
are true.

Question 3.3.(TCOs
3 & 6) The practice of cycle counting has as its main purpose(Points
: 5)

to count all the
items in inventory.
to count bicycles
and motorcycles in inventory.
to reduce
discrepancies between inventory records and actual inventory.
to reduce theft.
to count 10% of
the items each month.

Question 4.4.(TCOs
3 & 6) Which one of the following is most relevant for the EOQ model?(Points
: 5)

Ordering items
with dependent demand
Determining safety
stock
Ordering
perishable items
Determining fixed
interval order quantities
Determining fixed
order quantities

Question 5.5.(TCO
2) The subassemblies and components that are needed to produce and/or
assemble a product can be displayed as(Points
: 5)

an assembly time
chart.
a product
structure tree.
MRP II.
pegging.
a Gantt chart.

Question 6.6.(TCO
2) The process of identifying parent items in MRP is called(Points
: 5)

paternity.
pegging.
requirement I.D.
relationship
tracking.
master
scheduling.

Question 7.7.(TCOs
4, 5, & 6) Which MRP input lists the assemblies, subassemblies,
parts, and raw materials needed to produce one unit of finished product?(Points
: 5)

Master production
schedule
Bill of materials
Inventory records
Assembly-time
chart
Net-requirements
chart

Question 8.8.(TCOs
4, 5, & 6) All of the following are true concerning MRP II, except
which one?(Points
: 5)

It is basically a
computerized system.
It can handle
complex planning and scheduling quickly.
It involves other
functional areas in the production planning process.
It involves
capacity planning.
It produces a
production plan that includes all resources required.

Question 9.9.(TCOs
5, 7, & 9) Which of the following is NOT included in logistics?(Points
: 5)

The movement of
materials within a production facility
Incoming
shipments of goods or materials
Outgoing
shipments of goods or materials
Customer
selection
Returned goods
processing

Question 10.10.(TCOs
5, 7, 9) RFID chips:
(I) are used to track goods in distribution.
(II) are used to track job progress in production.
(III) are used to provide special instructions to operators.
(IV) can be used in inventory record keeping.(Points
: 5)

II and III only
I and II only
II, III, and IV
I, II, and IV
IV only

Question 11.11.(TCOs
5, 7, & 9) Actively managing the supply chains is more desirable for
business organizations due in part to(Points
: 5)

more potential
vendors.
increasing
globalization.
downsizing.
the Internet.
RFIDs.

Question 12.12.(TCOs
11, 12, 13, & 14) An alternative will have fixed costs of $10,000 per
month, variable costs of $50 per unit, and revenue of $70 per unit. The
break-even point volume is(Points
: 5)

100.
2,000.
500.
1,000.
None of these

Question 13.13.(TCOs
11, 12, 13, & 14) For fixed costs of $2,000, revenue per unit of $2,
and variable cost per unit of $1.60, the break-even quantity is(Points
: 5)

1,000.
1,250.
2,250.
5,000.
None of these

Question 14.14.(TCOs
11, 12, 13, & 14) If the output rate is increased, but the average
unit costs also increase, then we are experiencing(Points
: 5)

market-share
erosion.
economies of
scale.
diseconomies of
scale.
value-added
accounting.
step-function
scale up.

Question 15.15.(TCOs
10, 15, & 16) Which of the following qualifies as a work center?(Points
: 5)

Machine
Group of machines
Department
Facility
All of the above

Question 16.16.(TCOs
10, 15, & 16) The cycle time for a standard container, which holds 90
jars, averages 45 minutes. If the jar-filling workstations use 3,200
glass jars each 8 hours of production, and management uses an
efficiency factor of 20%, how many containers should be used?(Points
: 5)

4 containers
3 containers
5 containers
2 containers

Page 2

Question 1.1.(TCO
1) Based on the data below, develop an aggregate plan for the next six
months that uses inventory, regular time and overtime, as well as back
orders. The plan must wind up with no units in ending inventory in Period
6.

– Regular time capacity is 150 units per month.
– Overtime capacity is 20 units per month.
– Overtime cost is $30 per unit.
– Back order cost is $20 per unit.
– Inventory holding cost is $5 per unit.
– Regular time cost is $20 per unit.
– Beginning inventory is zero.

Month	Forecast
1	180
2	170
3	140
4	150
5	130
6	150

(Points : 30)

Question 2.2.(TCO
1) Evaluate the statement that managers should most often rely on
quantitative rather than qualitative techniques for important decisions
since quantitative approaches result in more accurate decisions. Cite
examples to back up your argument. (Points
: 20)

Question 3.3.(TCOs
3 & 6) Every Saturday, a bakery orders three cake-to-go wedding cakes to
accommodate last minute purchases. Demand for the cakes can be described by
a Poisson distribution that has a mean of two. The cakes cost $10 each to
prepare, and they sell for $26 each. Any cakes that haven’t been sold by
the end of the day are sold for half price the next day. Usually, half of
those are sold and the rest are tossed. What stocking level would be
appropriate?(Points : 20)

Question 4.4.(TCO
2) Given the following list of components, determine the number of Ns that
will be needed to make 60 Ps in each of the following cases.
P: 2 As, 3 Bs, 3 Cs
A: 5 Ms, 2 Rs
B: 1 D, 3 Ns
C: 1 T, 4 Ns
M: 1 N

(A) There are currently 10 Ps on-hand.
(B) On-hand inventory consists of 15 Ps, 10 As, 20 Bs, 10 Cs, 100 Ns, 300
Ts, and 200 Ms. (Points : 20)

Question 5.5.(TCOs
4, 5, & 6) In the following scenario, when should an order for carved
chocolate eggs be released?

Bunny Helpers, Inc. has just received an order for 100 Deluxe Easter
Baskets, which must be ready for delivery at the start of Week 6. An MRP
planner has prepared the following table showing product structure, lead
times (orders are lot-for-lot), and quantities on-hand:

Deluxe Easter Basket BOM	Lead Time	On-Hand
Deluxe Easter Basket	1 week	10
Dark Chocolate Truffles (2 per)	2 weeks	30
Carved Chocolate Eggs (4 per)	1 week	50

Each Deluxe Basket contains two
dark chocolate truffles and four carved chocolate eggs; additionally, one
box of Alka-Seltzer is included for those who overindulge. (Points : 30)

Question 6.6.(TCOs
5, 7, & 9) Explain the advantages and disadvantages of producing and
shipping in large lots. (Points
: 20)

Question 7.7.(TCOs
11, 12, 13, & 14) A private prisoner-transfer facility would lease for
$50,000 per year, which the county is considering to lease. It estimates it
will cost $50 per prisoner to process the paperwork at this new location.
The county is paid a $75 commission for each new prisoner it processes. How
many prisoners would they have to process annually to make a profit of
$100,000 at this new location? (Points
: 30)

Question 8.8.(TCOs
10, 15, & 16) Evaluate the following statement: “In the lean
philosophy, producing two or more order quantities increases
throughput.” Explain. (Points
: 20)

Question 9.9.(TCOs
10, 15, & 16) The costs to do each of the three jobs on three alternate
pieces of equipment are given below. Determine the job-equipment
combination that will minimize total cost.

	Job
	A	B	C
Crew 1	$28	20	18
2	26	22	14
3	43	35	30

(Points : 30)

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