Exam 2 Key D - EXAMINATION 2, Version D Use a Scantron Form...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
EXAMINATION 2, Version D Use a Scantron Form No. 886-E to record your choice of the best answer to each of the following questions. You have the full period to answer the questions. The following questions are worth three (3) points each . 1. A cycle is typically the most difficult data pattern to predict. a) True b) False 2. The maximum output rate that can be achieved by a facility under ideal conditions is design capacity. a) True b) False 3. For the general warehouse layout problem the department with the highest ratio of trips to areas needed should be located closest to the dock. a) True b) False 4. Services require a single activity or a series of activities and are identified by the term phase. a) True b) False 5. The process flowchart describes the overall sequence of operation, movement, inspection, delay, and storage. a) True b) False 6 Which forecasting method seeks to develop a consensus among a group of experts? a) Market research b) Executive opinion c) Delphi method d) Naïve method e) Gamma method 7. Which forecasting method assumes that next period’s forecast is equal to this period’s actual value? a) Simple mean b) Ignorant c) Basic d) Naïve e) Nescient 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
8. A firm has the following order history over the last 6 months. January 120 February 95 March 100 April 75 May 100 June 50 [.4*50 + .3*100 + .3 * 75] = [20 + 30 + 22.5] = 72.5 What would be a 3-month weighted moving average forecast for July, using weights of 40% for the most recent month, 30% for the month preceding the most recent month, and 30% for the month preceding that one? a) 75 b) 72.5 c) 50 d) 90 e) 106.5 9. Which of the following is the simplest forecasting method? a) Naïve
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 5

Exam 2 Key D - EXAMINATION 2, Version D Use a Scantron Form...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online