HW-3 - SCM 3301 MULTIPLE CHOICE Homework #3 Q 1 20 Fall...

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SCM 3301 Homework #3 Fall 2010 Page 1 of 8 MULTIPLE CHOICE Q 1 – 20 (3 pointS each) 1. All of these steps are used in developing a reliable forecast except : a. Filtering out data points that are too far from the observed pattern. b. Identification of patterns in the observed data series c. Selection of a model that best accounts for the various characteristics of the data. d. Using a monitoring device to check the accuracy of the forecast procedure. e. All of the above are valid steps used in forecasting. 2. All of the following statements concerning the characteristics of aggregate planning for services is true except : a. capacity is difficult to predict b. most services cannot be inventoried c. demand is easy to predict d. labor is the most constraining resource e. all of the above are true 3. Tracking signals are used to monitor forecasts for: a. trends b. random variation c. seasonal variation d. bias e. all of the above 4. For a given MAD, which of the following would be true if RSFE decreases? a. the tracking signal (TS) increases b. the tracking signal (TS) decreases c. the root mean square error (RMSE) increases d. MSE increases e. none of the above 5. The following are all S & OP strategies to meet fluctuating demand except : a. change production rate to match demand by changing employment b. produce at a constant rate and use inventories c. produce with a stable work force but vary the utilization rate d. a and b only e. all of the above are S & OP strategies to meet fluctuating demand
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SCM 3301 Homework # 3 Summer 2010 Page 2 of 8 6. Which one of the following statement(s) about measures of errors is (are) false? a. running sum of forecast errors is used to measure bias b. tracking signal is used to monitor bias c. mean absolute deviation is a good way to get a relative measure for bias d. root mean square error measures the magnitude of error e. none of the above is true. 7. The length of time that is covered by an S & OP is known as the: a. strategic plan b. business plan c. planning horizon d. planning forecast e. production schedule 8. A(n) ____________ is an order that is delivered to the customer later than it was requested. a.
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This note was uploaded on 05/07/2011 for the course SCM 3301 taught by Professor Wayhan during the Spring '09 term at University of Houston.

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HW-3 - SCM 3301 MULTIPLE CHOICE Homework #3 Q 1 20 Fall...

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