Quiz #2 - LP
1. Briefly describe Linear Programming (or optimization).
Linear Programming is the use of several mathematical techniques to allocate limited
resources to competing demands in a way to optimize (minimize or maximize) a metric.
2. In graphica
Quiz #4 - LC
1. Which Learning Curve would reduce production man-hours faster, a 80% or a 95%
Learning Curve? Explain.
The 80% learning curve indicates a faster reduction in production man-hours than a 90%
learning curve. An 80% learning curve implies a 2
Quiz #3 - CPM
1. What does the abbreviation PERT stand for? Give an application.
PERT stands for Program Evaluation and Review Technique. A prototype or pilot unit
fabrication project could use this technique, where the subtasks are being done for the
1. What is Operations and Supply Chain Strategy?
Operations and Supply Chain Strategy is to set up board policies and plans to guide the
use of the resources needed by the firm to implement the corporate strategy.
Define Strategic, Tactical and
Homework #3 - CPM
1. Page 101 #6
b. Shown in red, the critical path is A-B-D-E-H
c. 15 weeks
d. Activities with slack are; C with 3 weeks, and F OR
Homework #4 - LC
1. Page 142 #5
Using the excel file generated (attached with email), I have the Unit and cumulative improvement factors.
The labor to make three units shows a 90% learning curve.
To calculate labor for a
Homework #2 - LP
1. Page 711 #6
A. The equations expressing the information presented in the problem are;
X being the volume of Fuel A and Y being the volume of Fuel B
a. Cost (minimize) = 1.2X + 0.9Y
b. Fuel needed -> X + Y >= 3000
c. Fuel capacity -> X
Quiz #5 - EA
1. What three types of dollars are used for cost analysis?
The three types of dollar analysis used in cost analysis are; Constant dollar analysis,
Current dollar analysis, and Discounting and present value analysis.
2. Explain the concept of