illustrative_final_2

illustrative_final_2 - Name: (please print) Illustrative...

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Name: (please print) Illustrative Final Exam 1 BUAD311 – Operations Management 1 hour and 50 minutes All together the exam has a maximum of 100 points. There are 7 pages including this page. This is an open-book, open-notes exam. You may use a simple calculator. No laptops. No PDAs. Sharing books/notes with other students is not allowed. There is a partial credit for each question unless otherwise noted. Show your work completely! Do not be tempted to seek “inspiration” from a neighbor’s exam. Poor scores can be overcome, but cheating will be dealt with harshly! Please sign here to indicate that you have adhered to university policies regarding ethical behavior in preparing for and completing this exam. “I hereby certify that I have adhered to the university policies regarding ethical behavior in preparing for and completing this exam.” 1 This is the actual final exam from Fall 2008 1
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Section A: Multiple Choices [4 pts each] 1. To generate in Excel a uniformly distributed random variable between 5 and 10 you need to use the following: a) 5*RAND() b) 5+RAND() c) 10+5*RAND() d) 5+5*RAND() e) None of the above 2. Zara’s management has adopted policies that go against standard industry practices. Which one of the following is not one of those policies? a) Zara outsources less than its competitors. b) Zara is more vertically integrated than its competitors. c) Zara produces less in low cost countries compared its competitors. d) Zara does not partner as much with other companies compared to its competitors. e) Zara spends more on advertising relative to its competitors. 3. In the second simulation run of Littlefield Labs, the reorder point and reorder quantity were initially set to 24 and 120, respectively. Which of the following actions would be most disastrous and costly? (Assume that you have made the optimal contract/capacity choices.) a) Reducing the reorder point by 20%. b) Increasing the reorder point by 20%.
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This note was uploaded on 09/11/2011 for the course BUAD 311 taught by Professor Vaitsos during the Spring '07 term at USC.

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illustrative_final_2 - Name: (please print) Illustrative...

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