Using the M&B case, what are the main, non-financial
advantages with the mixed plan?
The main non-financial advantage of using the mixed plan is that the
manager has much more flexibility in planning
What is a bill of material? Why is it so important that the bill of material be accurate?
A bill of material is a full list of materials, components, and assemblies required to manufacture a
product.
Select one function that inventory serves and discuss the pros
and cons of this function in a manufacturing or service
environment.
To take advantage of quantity discounts, because purchases
in larger
Month
Jan.
Feb.
March
April
May
June
July
Aug.
Total
Costs
Total Cost
Capacity
Regular
Overtime
Sub.
Demand
Regular
220
245
290
300
290
290
300
310
2,245
2,245,000
2,590,800
Jan.
Overtime
25
24
23
7
3
QM2241: Chapter 11 Lecture Notes
Slide
1
Dr. Wendy Bailey
We will only cover a portion of this chapter due
to time constraints. I will cover learning
objectives 11-1 and 11-2 only.
Similar to Chapter
QM2241 - Chapter 15 Lecture Notes
Slide
1
Dr. Wendy Bailey
In this chapter we will explore hypothesis tests
for nominal level variables, which are a type of
nonparametric test. Due to limited time, we
Chapter 10
One-Sample Tests of Hypothesis
16.
A null hypothesis makes a claim about a _.
A. Population
parameter
B. Sample
statistic
C. Sample
mean
D. Type II
error
A null hypothesis is a statement ab
Chapter 09
Estimation and Confidence Intervals
16.
The mean number of travel days per year for salespeople employed by three
hardware distributors needs to be estimated with a 0.90 degree of confidenc
Chapter 8
Chapter 8
25. To study the population of consumer perceptions of new technology, sampling of
the population is preferred over surveying the population because _.
A. sampling is more
accurate
Chapter 07
Continuous Probability Distributions
Multiple Choice Questions
16.
The shape of any uniform probability distribution is _.
A. Negatively
skewed
B. Positively
skewed
C. Rectangul
ar
D. Bells
Chapter 6
Multiple Choice Questions
16.
If the variance is 3.6 grams, what is the standard deviation?
A. 0.60
0
B. 1.89
7
C. 6.00
0
D. 12.9
6
The standard deviation is the square root of the variance;
Chapter 05
A Survey of Probability Concepts
Multiple Choice Questions
16.
The National Center for Health Statistics reported that of every 883 deaths in recent
years, 24 resulted from an automobile ac
The following matrix shows the costs for assigning Individuals A, B, C, and D to Jobs 1, 2, 3,
and 4. Solve the problem showing your final assignments in order to minimize cost and total
cost.
Individ
Kechara Soup Kitchen (KSK) was a non-governmental organization and non-profit
organization that seeks to help the homeless and poor people in our society. According to
Kechara (2016), KSK was founded
Problem 2.8
Selection Criterion (Risk Factors)
Price of service from outsourcer
Nearness of facilities to client
Level of technology
History of successful outsourcing
Total Weighted Score:
Criteria We
Selection Criterion
Criteria
(Risk Factors)
Price of service from
outsourcer
Nearness of facilities
to client
Level of technology
History of successful
outsourcing
Weight
England
Canada
0.1
1
1
0.6
1
Income Statement
The statement of profit or loss for the period comprised of net
revenues less expenses for the period
Operating Income (EBIT)
Profit from sales minus total operating expenses
Inter
Activity
A
B
C
D
E
F
G
H
I
J
K
a
m
Entering Time Data
b
4 pts
Immediate Predecessor(s)
C
B, D
A, E
A, E
F
G
C
H, I
Immediate Successor(s)
Expected Time
Variance
Find Immediate Successor(s) Compute Exp
QM3345: Operations Management
Module B: Linear Programming
1. The Southeast feed, a hog feedlot operation near Montgomery, Alabama, blends
ingredients to make low-cost feeds for its hogs. Oats and cor
Module B
Linear Programming
Today many of the resources needed as inputs to
operations are in limited supply.
Linear programming (LP)
refers to several related mathematical
techniques used to allocat
QM3345: Operations Management
Practice Problem: Chapter 12: Inventory Management
Annual demand of a product is 43,800 units, with standard deviation of 10 units. Annual holding cost is $
0.40 per unit
C
Quiz #4:
1.
Annual demand of a product is 65,000 units, with standard deviation of 13units. Assume
demand is not constant. Annual holding cost is $0.80 per unit. The order cost is $ 25 per
order. Le
C
Quiz #5:
The following matrix shows the costs for assigning Individuals A, B, C, and D to Jobs 1, 2, 3, and 4.
Solve the problem showing your final assignments in order to minimize cost and total co
C
Quiz #5:
The following matrix shows the costs for assigning Individuals A, B, C, and D to Jobs 1, 2, 3, and 4.
Solve the problem showing your final assignments in order to minimize cost and total co
QM3345: Operations Management
Practice Problem: Chapter 12: Inventory management
Annual demand of a product is 43,800 units, with standard deviation of 10 units. Annual holding cost is $
0.40 per unit
A
Quiz #1:
1. A project has been defined to contain the following network and list of activities:
Time Estimates (days)
Activity
Immediate
Predecessor
a
m
b
Expected
Times
Variances
A
B
C
D
E
F
G
H
A
A
Quiz #2: Supplement 07: BEP
Name: _
South Alabama Manufacturing Company has purchased a certain component part from Montgomery Part
Company for $80 per part. Recently, improvements in operations and