BUS 307 Operations Management & Quantitative Techniques
BUS 307

Fall 2015
1.
Question :
Student Answer:
There is little difference between the values of t a/2 and Za/2 when the
sample
size is small.
size is large.
mean is small.
mean is large.
standard deviation is small.
Points Received:
1 of 1
Comments:
2. Question :
Student
BUS 307 Operations Management & Quantitative Techniques
BUS 307

Fall 2015
Running head: WEEK 3 ASSIGNMENT
1
Week 3 Assignment
BUS308: Statistics for Managers
Professor
Name
Date
Running head: WEEK 3 ASSIGNMENT
2
7.11
a.
The sample mean is normally distributed. No, we do not have to make any assumptions about the shape of
the po
BUS 307 Operations Management & Quantitative Techniques
BUS 307

Fall 2015
1.
Question :
Student
Answer:
Consider using pvalue to test H0 versus Ha by setting
equal to .10. We reject H0 at level of significance if and
only if the pvalue is:
Greater than /2
Greater than
Less than
None of the above
Points Received:
Comments
From the end of Chapter 10, answer Discussion Question 3: In general, under what conditions
might a firm favor a level production plan over a chase plan? A chase production plan over a
level plan?
A firm may favor a level production plan over a chase plan
1. Question :
Which of the following is NOT a trend in operations
management?
Student Answer:
increased use of electronic commerce
increased globalization
decreased delivery times
decreased customization
Instructor
Important Trends  Chapter 1
Explanation
Week 1 DQ 1 Value Index
Complete Problem 1 from the end of Chapter 2: You have just graduated from college
and are looking to buy your first car. Money is tight right now, so you are concerned
with initial cost as well as ongoing expenses. At the same tim
Week 2 DQ 1 Gantt vs. Network Based Approach
From the end of Chapter 5, complete Discussion Question 3: What are the main
advantages of using a networkbased approach to project management rather than a
Gantt chart? Under what circumstances might a Gantt
Case 1
Case Study Chapter 6
Introduction to Operations and Supply Chain Management
Business 307
May 2, 2011
Case 2
1. What regards to developing and introducing new product, what lesson did Gillette
learn from the Wilkinson Sward and Bic experiences?
Gill
Forecasting Models
From Chapter 9, answer Discussion Question 1: Which forecasting techniques do you think Ford
should have used to forecast changes in the demand, supply, and price of palladium? Time series
models? Causal models? Qualitative models? Just
BUS 307 Operations Management & Quantitative Techniques
BUS 307

Fall 2015
Give an example of a hypothesis test you could perform at work or at
home. State what the Null and the Alternative hypotheses would be in
your test. Explain how you would settle on a reasonable level of
significance for your scenario. Also explain what th
Forecasting Models
Discussion 5
From Chapter 9, answer Discussion Question 1: Which forecasting techniques do you
think should be used in calculating fuel prices? Time series models? Qualitative models?
In casual modeling, what types of independent variab
Ganatt Vs. Network Based Approach
Discussion 4
What are the main advantages of using a networkbased approach to project
management rather than a Gantt chart?
The advantage to using a network based over a Gantt chart is that a network based
approach has a
Pros and Cons of Outsourcing
Discussion 6
Based on the content presented, discuss some of the pros and cons of outsourcing.
Outsourcing is often undertaken to provide enterprises a competitive advantage by
delegating business process to external agencies
The advantage for using the decision tree it provides a
visional representation of the relationship between the listed decision
and provided an analyst of the outcomes is that it enables possible
outcomes (Bozarth, & Handfield, 2012). If the demand level
JustInTime Production
Discussion 8
The justintime (JIT) movement has long argued that firms should
a. Maximize their process flexibility so that ordering costs are minimal;
b. Stabilize demand levels;
c. Shrink lead times as much as possible; and
d. A
Calculation of Kanban Cards
Discussion 12
The chapter notes that kanban is not a planning tool but a control mechanism. What
does this mean? How does the Marsica MRPkanban example in Example 13.4 in
Chapter 13 of the textbook illustrate the point?
Kanban
Running head: Data Analysis Skills and Thinking
1
Data Analysis Skills and Thinking
Kevin Banks
Business 307: Business Operations and Quantitative Techniques
Khang Ta
September 21, 2015
Data Analysis Skills and Thinking
Data Analysis Skills and Thinking
E
Business 307: Operations Management and Quantitative Techniques
Business Mapping of Processess
From Chapter 4, Problem 13, read the current home
equity loan process at Faircloth Financial and map the
current process.
Customer
downloads
loan
application
Ma
BUS 307 Operations Management & Quantitative Techniques
BUS 307

Fall 2015
Creating Hypotheses. Assume you are the manager of a paint manufacturing factory. Your
company has received complaints from customers that the containers hold less than the
amount printed on them. On the other hand, corporate management is concerned that
BUS 307 Operations Management & Quantitative Techniques
BUS 307

Fall 2015
Gas Prices Linear Regression
BUS308: Statistics for Managers
Professor
Name
Date
Gas Prices Linear Regression
As a manager of a delivery service our bottom line and profit margins are extremely
dependent upon the rise and fall of gas prices. Thus, a repor
BUS 307 Operations Management & Quantitative Techniques
BUS 307

Fall 2015
Quality Control. Visit the websites on Quality Control (QC) listed in the Required Websites
for this week. In addition, locate an article on the Internet or in the Library databases that
describes an example of the use of statistics in Quality Control. In
BUS 307 Operations Management & Quantitative Techniques
BUS 307

Fall 2015
Regression Analysis
r 0.655
r 0.809
Std. Error 0.421
ANOVA table
Source
Regression
Residual
Total
3.500
n 30
k 1
Dep. Var. Average
3.000
2.500
SS
9.4150
4.9551
14.3701
Regression output
variables
coefficients
Intercept
127.6435
Year
0.0647
df
1
28
29
std
BUS 307 Operations Management & Quantitative Techniques
BUS 307

Fall 2015
Week 4 Assignment
BUS308: Statistics for Managers
Professor
Name
Date
9.13THEVIDEOGAMESATISFACTIONRATINGCASE
RecallthatverysatisfiedcustomersgivetheXYZBoxvideogamesystemaratingthatisatleast
42.SupposethatthemanufactureroftheXYZBoxwishestousetherandomsampl
BUS 307 Operations Management & Quantitative Techniques
BUS 307

Fall 2015
Running Head: SPEND ANALYSIS
1
Data Analysis and Critical Thinking on Spend
Catherine M. Piraino
Bus 307, Operations Management and Quantative Techniques
Instructor Lynne Schumal
November 1, 2015
References
2
Imagine that a carpenter showed up for work wi
BUS 307 Operations Management & Quantitative Techniques
BUS 307

Fall 2015
Article Review. Many articles present statistical data and list margins of error (for
example, reports on political opinion polls, growth or decline of the housing markets,
manufacturing sectors, etc.). Find one such article from a reliable source (such a
Week 1 DQ 2 Business Mapping Processes
From Chapter 3, Problem 13, read the current home equity loan process at
Faircloth Financial and map the current process.
Identify any rework loops and delays in the process. What causes these?
I see two main reasons
BUS 307 Operations Management & Quantitative Techniques
BUS 307

Fall 2015
Linear Correlation. Do you think there is a correlation between CEO salaries and the
degree of success of a company? If you were to take a sample of companies with
comparable size, market capitalization, and product category, and plot CEO salaries
against
BUS 307 Operations Management & Quantitative Techniques
BUS 307

Fall 2015
Running head: WEEK 2 ASSIGNMENT
1
Week 2
BUS308: Statistics for Managers
Professor
Name
date
Running head: WEEK 2 ASSIGNMENT
4.4
a.
This diagram produced using Tree Diagram Generator.
b.
1) BBB, GGG
2) BGG, GBG, GGB
3) GBB, BGB, BBG
4) BBB
c.
Each outcome
Pros and Cons of Outsourcing
From Chapter 10, answer Discussion Question 1: What are some of the pros and cons of
outsourcing? Why do you think many firms are experiencing an increase in their levels of
outsourcing? Respond to at least two of your classma
1. Question :
Sales and operations planning indicates how the organization will
use its tactical capacity resources to meet expected customer
demand.
Student
True
Answer:
Instructor S&OP in the Planning Cycle  Chapter 13
Explanation:
Points Received:
1 o
1. Question :
The greater the randomness in the model, the greater the number of
periods should be used in a moving average forecast.
Student
True
Answer:
Instructor Time Series Forecasting Models  Chapter 9
Explanation:
Points Received:
1 of 1
False
Com
Running head: SPEND ANALYSIS
1
Spend Analysis
Name
BUS307: Operations Management & Quantitative Techniques
Dr. Mike Williams
Spend Analysis
2
In todays extremely competitive business environment, spend analysis is becoming an
important strategic tool. As
IT/EOQ/ROP Interrelationships
From the end of Chapter 14, answer Discussion Question 6: The justintime (JIT) movement has
long argued that firms should
a. Maximize their process flexibility so that ordering costs are minimal;
b. Stabilize demand levels;