1.Qualitative models incorporate subjective factors into the
forecasting model. Qualitative models are useful when subjective
factors are important. When quantitative data are difficult to
obtain, qualitative mode
1.A probability distribution is a statement of a probability function
which assigns all the probabilities associated with a random variable.
A discrete probability distribution is a distribu
Effectiveness of preventive maintenance as measured by:
1.The objective of maintenance and reliability is to maintain the
capability of the system while controlling costs.
2.Candidates for preventiv
1.The difference between a gross requirements plan and a net
requirement plan is that a net plan adjusts for on-hand inventory
and scheduled receipts at each level.
2.Once the MRP syst
1.The objective of scheduling is to optimize the use of
resources so that production objectives are met.
2.Four criteria for scheduling are: minimizing completion time,
maximizing utilization, minimizing
1.The 6 steps of the decisionmaking process are:
1.Clearly define the problem and the factors that influence it.
2.Develop specific and measurable objectives.
3.Develop a model.
1.Design capacity is the theoretical maximum output of a
system in a given period. Effective capacity is the capacity a firm
can expect to achieve given its current product mix, methods of
1.The text suggests four reasons to study OM. We want to
understand (1) how people organize themselves for productive
enterprise, (2) how goods and services are produced, (3) what
INFO 563, Strategic Information Systems
A. Multiple Choice
1. A general manager should:
a) Rely on IS personnel to make IS decisions
b) Ignore how IS are used and managed
c) Have a deep technical knowledge of IS
d) Understand the use and consequenc
1. Normal (standard) accounting does not fully account for
what is in the common. Therefore, companies that dont
practice corporate social responsibility run the risk of backlash
Ans: The Real GDP is based on quantities produced while nominal GDP is not adjusted for inflation.
A: Plots for Normal and Real GDP
B: We can determine that GDP or the US economy is expanding.
C: An increased GDP is an increase in production output
1. All of the following are identified causes of the 2010 Deepwater Horizon oil spill EXCEPT
a) Repeated failure to follow safety procedures
b) The alignment of the Information Systems Strategy Triangle
c) The failure of automated systems
d) The lead
A. True. Personal consumption was used in the table which is a part of the CDP calculation formula under
Income approach. GDP=C+T+S. C stands for share of total income absorbed by the consumption of
households as defined previously.
B. US GDP in 2015 was
BUSINESSANALYTICSMODULEBL I N E A R P R O G R A M M I N G
1.Students may select from eight LP applications given in the
introduction: school bus scheduling, police patrol allocation,
1.Three information needs of the model: the origin points and
the capacity or supply per period at each; the destination points
and the demand per period at each; and the cost of shipping
1.Vogels approximation method gives a good initial solution
because it makes each allocation on the basis of the opportunity
cost, or penalty, that would be incurred
1.Sales and Operations Planning (S&OP) balances resources
and forecast demand and aligns the organizations competing
demand (from supply chain to final customer) while linking
strategic planning with operat
1.Shewharts two types of variation, common and special
causes, are also called natural and assignable variation.
2.A process is said to be operating in statistical control when
the only source of
1. A unique event disrupts only one supplier (e.g., it went
broke). A super event disrupts all suppliers simultaneously (e.g.,
a natural catastrophe).
2. As the probability of a super event i
1.There are many possible answers. Project management is
needed in large construction jobs, in implementing new
information systems, in new product development/marketing, in
creating a new assembly line, and
1.FedExs key location concept is the central hub concept, with
Memphis selected for several reasons, including its being in the
middle of the country and having very few hours of bad weather
1.Supply-chain management is the management of the activities
that procure raw materials, transform them into intermediate
goods and final products, and deliver the products to customers
through a distr
1.JIT is a philosophy of continuous and forced problem solving.
It is a continuous program that replaces a series of fad programs.
2.A Lean producer is a company that adopts a philosophy of
1.The four types of inventory are:
Raw materialitems that are to be converted into product
Work-in-process (WIP)items that are in the process of
Finished goodscompleted items for which tit
1.One would expect that elements of Maslows needs
hierarchy, Herzbergs Dual Factor theory, and Hackman and
Oldhams core job characteristics would be contained in the
1.Limitations of the use of learning curves include:
Any change in the process, product, or personnel, disrupts the curve
Volume must increase for a learning curve to exist
Not all products, pro
1.Explicit documentation accomplishes two things:
(a) It provides the information necessary to produce (capacity,
training, routing, costs, etc.) the product in the appropriate
(b) If the prod
1.Higher quality leads to greater demand, greater market share,
and greater economies of scale. In addition, higher quality leads to
less scrap, rework, and warranty cost, hence to less input required