illustrative_final_3_solution

illustrative_final_3_solution - Name(please print...

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Name: (please print) Illustrative Final Exam 1 Solutions BUAD311 – Operations Management 1 hour and 45 minutes All together the exam has a maximum of 100 points. There are ? 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 Spring 2009. 1
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Section A: Multiple Choices [20 pts, 4 pts each, no partial credit] 1. Trojan Cookie produces two types of cookies: chocolate chip and oatmeal chocolate chip. Producing 1 dozen chocolate chip cookies requires 1 cup of chocolate chips and 1 cup of flour. Producing 1 dozen oatmeal chocolate chip cookies requires ¾ cups of chocolate chips, ½ cup of flour, and ½ cup of oatmeal. Chocolate chip cookies sell for $5 per dozen and oatmeal chocolate chip cookies sell for $6 per dozen. You have 16 cups of flour, 20 cups of chocolate chips, and 20 cups of oatmeal available. Which of the following statements is(are) true regarding the linear program (LP) associated with this problem? I. The feasible region for this LP includes the point (9,13). II. The feasible region for this LP changes if the price of 1 dozen chocolate chip cookies changes from $5 to $4. III. The feasible region for this LP changes if the amount of oatmeal available is reduced to 12 cups. c) 2. Victor sells a line of upscale evening dresses in his boutique. He orders 500 units at a time. Under this policy, his total annual ordering cost is $3,000 per year, and his total annual holding cost is $4,000 per year. Victor’s EOQ: a) is greater than 500 b) is less than 500 c) is 500 d) is 7500 e) can not be determined b)
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