Sample questions (Final exam)_2011

Sample questions (Final exam)_2011 - Richard T Farmer...

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Richard T. Farmer School of Business, Miami University Dr. X. Huang MGT 302: Introduction to Supply Chain and Operations Management Sample Questions for Final Exam 1. Which of the following is correct about MRP? A) In MRP safety stock is kept to deal with the demand uncertainty of the parts B) MRP uses infinite capacity loading approach to schedule the order release C) MRP follows replenishment philosophy to manage inventory D) In MRP only A items should be closely controlled E) MRP is used to manage items with independent demand Answer: B 2. Unlike the requirements philosophy of inventory management, the replenishment philosophy: A) Calls for orders based on higher level items B) Applies to raw materials inventories C) Is appropriate given independent demand D) Causes demand to be dependent Answer: C 3. In the basic EOQ model, if annual demand doubles, the effect on the EOQ is: A) it doubles B) it is half its previous amount C) it is about 70% of its previous amount D) decreases by a factor of 2 E) it increases by about 40% Answer: E 4. Which of the following statements is true about the Q-system? A) It does not have a reorder point but rather a target inventory. B) The system is completely determined by the two parameters, Q and R. C) It does not have an EOQ, since the quantity varies according to demand. D) The order interval is fixed not the order quantity. E) None of the above is true. Answer: B 5. “Total Slack” is A) The sum of all the free slacks B) The time required for set ups on non critical operations C) The amount of time the completion of an activity can be delayed without delaying completion time of a project D) The length of the critical path 1
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Richard T. Farmer School of Business, Miami University Dr. X. Huang Answer: C 6. _______ system uses requirement order philosophy, while _____ system uses replenishment order philosophy. A) ABC inventory management, MRP
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This note was uploaded on 01/31/2012 for the course MGT 302 taught by Professor Baker during the Spring '09 term at Miami University.

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Sample questions (Final exam)_2011 - Richard T Farmer...

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