fall 11_study guide for exam 1

# fall 11_study guide for exam 1 - • EOQ extension –...

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BusM 361, Fall 2011 Sections 1 & 2 (Wallin): Study Guide for Exam #1 This exam is worth 80 points. There are 40 multiple choice questions worth 2 points each. The exam is closed book. You may take a non-programmable calculator into the exam. You may also write on the exam. The exam will cover the following topics: SCM strategy, competitive dimensions Trade-offs (e.g., efficiency vs. effectiveness, cost vs. quality) Order qualifiers/order winners Mapping (processes, activities, supply chains, etc) Definition/types of inventory Single period inventory model (order quantity, SS, etc) Fixed time period (aka periodic review) model (order quantity, SS, etc) Fixed order quantity (aka perpetual/continuous review) model (EOQ, ROP, SS, total cost model, etc)

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Unformatted text preview: • EOQ extension – EPQ (order quantity with incremental delivery, total cost model) • JIT/lean philosophy (push vs. pull, the Toyota Production System, sources of waste) • Benefits of lean systems (e.g., When moving from push to pull, what happens to inventory? Quality levels? Flexibility? etc) • Design of lean systems Facility layout Working with suppliers • Lean services • Use of a Kanban system • Cases and simulations Attached formulas and a z-score table will be provided. Formulas H DS Q opt 2 = I z L T d q L T-+ + = + σ ) ( 2 ) ( L T L T + = + L z L d R + = H Q S Q D DC TC 2 + + = L d R = L z ss = L T z ss + = 2 L L = P = u o u C C C + d-p p H 2DS = Q P )H p d-(1 2 Q + S Q D + DC = TC...
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