mt_1_w01_604_soln

# mt_1_w01_604_soln - Name(print please ID Production...

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Name (print, please) _______________________________________________ ID ___________________________ Production Management 73-604 Winter 2001 Faculty of Business Administration University of Windsor Midterm Exam 1 Tuesday, February 6, 4:00 – 6:00 pm Instructor : Mohammed Fazle Baki Aids Permitted : Calculator, straightedge, and a one-sided formula sheet. Time available : 2 hours Instructions: This exam has 11 pages. Please be sure to put your name and student ID number on each page. Show your work. Grading: Question Marks: 1 /5 2 /5 3 /4 4 /4 5 /7 6 /5 7 /12 8 /8 Total: /50

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Name:_________________________________________________ ID:_________________________ Question 1: (5 points) True/False Questions (1 point each) 1.1 The efficiency of the supply chain can be measured based on the size of the inventory investment in the supply chain. Answer: True 1.2 Companies that have either a functional product with an efficient supply chain or an innovative product with a responsive supply chain tend to be the ones with problems. Answer: False 1.3 The Capacity Utilization Ratio is found by dividing Best Operating Level by Capacity Used. Answer: False 1.4 The goal of aggregate planning is to minimize the total production-related costs over the planning horizon by determining the optimal combination of workforce levels and inventory levels. Answer: True 1.5 The objective of Strategic Capacity Planning is to provide an approach for determining the overall capacity level of capital intensive resources (including facilities, equipment, and overall labor force size) that best supports the company’s short-range competitive strategy. Answer: False 2
Name:_________________________________________________ ID:_________________________ Question 2: (5 points) Multiple Choice Questions (1 point each) 2.1 Which of the following is true? a. To avoid low margins, many companies introduce innovations in fashion or technology b. Functional products are often associated with a low profit margin c. The root cause of supply chain problems is a mismatch between the type of product and type of supply chain d. All of the above 2.2 The Capacity Focus concept can be operationalized through a mechanism called which of the following? a. Best Operating Level (BOL) b. Plants Within Plants (PWPs) c. Capacity Utilization Rate (CUR) d. All of the above 2.3 Which of the following is a good method to deal with imbalance a. Add capacity to stages that are bottlenecks b. Use buffer inventories in front of the bottleneck stage c. Duplicating the facilities of one department on which another is dependent. d. All of the above. 2.4 Capacity decisions are usually linked with other decision areas. If a system is well balanced,

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mt_1_w01_604_soln - Name(print please ID Production...

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