fall 11_study guide for exam 1

fall 11_study guide for exam 1 - EOQ extension EPQ (order...

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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-+ + = + ) ( 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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This note was uploaded on 10/10/2011 for the course BUS M 361 taught by Professor Cynthiawallin during the Fall '10 term at BYU.

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fall 11_study guide for exam 1 - EOQ extension EPQ (order...

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