soln_mt1_w10_431_sec1 - Last Name _ First Name _ ID _...

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Last Name ______________________ First Name _________________________ ID ___________________________ Operations Management II 73-431 Winter 2010 Odette School of Business University of Windsor Midterm Exam I Section 1 Solution Thursday, February 4, 1:00 pm – 2:20 pm Odette Building OB 110 Instructor : Mohammed Fazle Baki Aids Permitted : Calculator, straightedge, and a one-sided formula sheet. Time available : 1 hour 20 min Instructions: 1* This exam has 20 pages including this cover page, four blank pages and 8 pages of tables. 2* Please be sure to put your name and student ID number on each odd numbered page. 3* Show your work. 4* State results up to four decimal places. 5* Do not return tables and formula sheet. Grading: Question Marks: 1 /10 2 /13 3 /16 4 /13 5 /13 Total: /65
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Name:_________________________________________________ ID:_________________________ Question 1: (10 points) Circle the most appropriate answer 1.1 (i) A heuristic is a procedure that finds an optimal solution. (ii) An example of a heuristic is the procedure to find an optimal order size for the single-period stochastic inventory control problem. a. (i) true (ii) false b. (i) false (ii) true c. Both true d. Both false 1.2 (i) Elimination of intersection is an improvement heuristic. (ii) Nearest neighbor is a construction heuristic. a. (i) true (ii) false b. (i) false (ii) true c. Both true d. Both false 1.3 Component(s) of penalty cost is (are) the following: a. Backorder cost b. Warehousing cost c. Both d. None 1.4 (i) Use efficient supply chain for innovative products. (ii) Use responsive supply chain for high tech products. a.
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soln_mt1_w10_431_sec1 - Last Name _ First Name _ ID _...

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