The IPC is developing a monthly shipping plan for its computer system to maximize the total profit. The
following information affects this plan:
Monthly Minimum Shipment (no. of units)
Sample Final Exam Solution and Review
o Mix of quantitative and qualitative questions!
o Qualitative questions!
o Short answers!
o Multiple choice!
o Elaborating on the outcome of calculations!
o Quantitative Questi
4. What it the major cost trade-off that must be made in managing waiting line situations?
The major cost trade-off is between the cost of waiting for service versus the cost of providing
additional service capacity.
5. Which assumptions are necessary to
Production and Operations Management 70371
Practice Problems on Lean Production*: Solutions
1. Is it possible to achieve zero inventories? Why or why not?
In reality, zero inventories are a challenging, if not impossible, goal for most organizations.
PRACTICE PROBLEMS ON PROJECT MANAGEMENT: SOLUTIONS
Review and Discussion Questions Chapter 10 (Project Management)
5) What are the underlying assumptions of minimum-cost scheduling? Are they
The underlying assumptions of minimu
Quality and Capability Practice Problem Solutions
Review and Discussion Questions
The capability index allows for some drifting of the process mean. Discuss what this means in terms
of product quality output.
When Cpk is larger then 1.33 or 1.5, this m
Carnegie Mellon University
Tepper School of Business
Operations Management 70-371
Sample Midterm Examination
This is a closed book, closed notes exam.
All work must be shown on the exam. The formula sheet will be collected. No cre