311SampleFinal Solution

311SampleFinal Solution - Name: (please print) Section: _...

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Name: (please print) Section: ___________________________________ Sample Final BUAD311 – Operations Management This exam is comprised of seven pages, including this page. The exam is scheduled for 1 hour 50 minutes. There is a total of 100 points on the quiz. This is an open-book, open-notes exam. You may use a simple calculator. No laptops. No PDAs. No cell phone. Show your work. If I cannot tell how you arrived at an answer, you will not receive full credit. An answer with no justification may receive no credit. You must read and sign the following pledge. If you do not read and sign the pledge, your exam may be treated as if you did not turn it in. Honor Code: I pledge my honor that I have not violated the Honor Code during this examination.” X__________________________ 1
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Section A: Multiple Choices [4 pts each] 1. Which of the following will help us reduce the waiting time? a) Reducing service time variability b) Increasing demand c) Reducing average inter-arrival time d) Increasing inter-arrival time variability e) None of the above a) 2. Which of the following is not one of components of a linear program? a) Constraints b) Shadow prices c) Objective function d) Decision variable(s) e) None of the above b) 3. The key difference(s) in assumption between the EOQ model and newsvendor model is(are) I. Positive lead-time versus zero lead-time II. Infinite time horizon versus single-period III. Demand with certainty versus uncertain demand a) I b) I and II c) I and III d) II and III e) I, II, and III d) 4. Which of following statement is true? a) Benetton and H&M choose the same vertical integration scheme, while Zara is different. b) Gap is strongly upstream integrated. c) Zara is an example in which fast supply-chain speed and better forecasting help the company achieve higher operating margin. d) Benetton is strongly downstream integrated. e) None of the above.
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This note was uploaded on 12/10/2008 for the course BUAD 14900 taught by Professor Hiroshiochiumi during the Fall '08 term at USC.

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311SampleFinal Solution - Name: (please print) Section: _...

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