MIDTERM EXAM REVIEW SUGGESTIONS
I am often asked how to best prepare for the BM 430 exams. What
combination of textbook. lecture and Recitation review offers the best
approach? The answer largely depends on how well the student wants to do.
Practice Problem Solutions- FIRST HALF
2.1: As Operations Manager, you are concerned about being able to meet sales requirements in the
coming months. You have just been given the following production report.
Practice Homework Problems- SECOND HALF
No, the machine is not capable of producing the part at the desired quality level.
The problem tells us that we sell 4,000 QUARTER pound burgers a week, therefore we sell
BM430 Final Exam Practice Problem Solutions
The problem tells us that we sell 4,000 QUARTER pound burgers a week, therefore we sell 1,000 pounds a
week, and each pound of hamburger costs $1.00. The problem also tells us that on average, the
Where SS = zL and
Target Inventory Level = Avg DP+L + Safety Stock
P = EOQ / Avg Dt
Where SS = z(P+L) and
Cpk = min
LTL , UTL
(d t Ft )
MPE = t =1
BM 430 FINAL EXAM REVIEW
Chapter 7: Service Processes
- What are process decisions that impact process selection decisions?
- What is a service package?
- How does a service process differ from a product process?
- Service-System Design matrix
- What are