Department of Career & Professional Development
Final Examination Winter 2017
Student Name
Student Number
Mathematics for Management
CMS2 500
Lecturer:
G. Brown
Date:
Time:
19 April 2017
6:00 9:00 p.m.
INSTRUCTIONS:
This is a closed book examination.
Ma
CMS2 500 Winter 2017
Guide to Final Exam
page 1
The Winter 2017 final exam for CMS2-500 (Mathematics for Management) will consist of 13 questions:
12 questions at 8 marks each (requiring conclusions in sentences with proper units); and
1 calculation quest
Department of Career & Professional Development
Final Examination Winter 2017
Solutions
Student Name
Student Number
Mathematics for Management
CMS2 500
Lecturer:
G. Brown
Date:
Time:
19 April 2017
6:00 9:00 p.m.
INSTRUCTIONS:
This is a closed book examin
Chapter 4
The Procurement Process
1
Magal and Word | Integrated Business Processes with ERP Systems | 2011
Learning Objectives
Describe the major organizational levels associated with the
procurement process.
2. Discuss the four basic categories of master
Chapter 8
Material Planning Process
1
Magal and Word | Integrated Business Processes with ERP Systems | 2011
Learning Objectives
1.
2.
3.
4.
5.
2
Explain the master data associated with the material
planning process.
Analyze the key concepts associated wi
SYSTEMS INTEGRATION
1
McGill School of Continuing Studies CMS2 531/CTPT 430
Learning Objectives
Understand the impact of organizational structure on
information systems.
Find out about the types of functional silos in
organizations.
Learn about the evo
Chapter 3
Introduction to Accounting
1
Magal and Word | Integrated Business Processes with ERP Systems | 2011
Learning Objectives
1.
2.
3.
4.
5.
2
Explain the differences between financial accounting and
management accounting.
Describe the organizational
Business Process Reengineering
Reason for ERP
Do things better
Best Practices
Business Process Reengineering
Predates ERP popularity
In late 1980s, became a basis for downsizing
Short-term cost savings
Less impact on automation
Hammer [2000]: ERP res
Mathematics for Management
Course Outline
GENERAL INFORMATION
Course Number
CMS2 500
Course Pre-requisite(s)
Course Co-requisite(s)
Course Schedule
Section
771
Term Winter
#
CMSC 000 Foundations of Mathematics
Year 2017
Wednesdays (18:0520:55)
COURSE LECT
American Journal of Industrial and Business Management, 2012, 2, 17-29
http:/dx.doi.org/10.4236/ajibm.2012.22004 Published Online April 2012 (http:/www.SciRP.org/journal/ajibm)
17
Value Stream Management for Lean OfficeA Case Study
Joseph C. Chen1, Ronald
Exercice
ACME Case
Steps to design Future State VSM
Fujitsu Limited, 2014
1
Three Stages of Lean Application
Demand
Takt time
Pitch
Buffer inventory
Safety inventory
Finished-goods
supermarket
Leveling
Flow
Continuous flow
Work cells
Line balan
Assignment 1
page 1
Assignment 1 is due Monday, 16 September 2013 at the beginning of class (If you email the assignment,
the timestamp must be no later than the beginning of class).
Answers will be posted that evening after class. Each case study is wort
Department of Career and Professional Development
Fall 2012
Mid-Term Examination
Student Name
Student Number
Operations Management
CMS2 515
Lecturer:
G. Brown
Date:
29 October 2012
Time:
6:15 to 8:45 pm
INSTRUCTIONS:
This is a closed book examination.
Mar
CMS2 532
Lean Operations Systems
Module 3
Change Management applied to Lean
Six Sigma Projects
Fujitsu Limited, 2011
1
Objectives
Understand the importance of change
management
Develop the common vocabulary necessary
for a shared change management appr
Heizer, Render, Griffin
Operations Management
Canadian Edition
Slides adapted for Canada by Mats Gerschman
Chapter 2: Operations Strategy in a
Global Environment
2-1
Outline
Global Company Profile: Boeing
A Global View of Operations
Cultural and Ethica
Heizer, Render, Griffin
Operations Management
Canadian Edition
Slides adapted for Canada by Mats Gerschman
Chapter 1: Operations and Productivity
1-1
Outline
Global Company Profile: Hard Rock
Caf
What Is Operations Management?
Organizing to Produce Goo
Department of Career & Professional Development
Fall 2012
Final Examination
Student Name
Student Number
Operations Management
CMS2 515
Lecturer:
G. Brown
Date:
18 December 2012
Time:
3 hours
INSTRUCTIONS:
This is a closed book examination.
Give your answe
CMS2 532
Lean Operations Systems
Module 2
Problem solving methodologies
Fujitsu Limited, 2014
1
Table of content
Problem solving methodologies
history
DMAIC methodology
Implementation Methodologies
Fujitsu Limited, 2014
2
The evolution of methodologi
Probabilities
In the following multiple choice questions, circle the correct answer.
1.
The counting rule that is used for counting the number of experimental outcomes
when n objects are selected from a set of N objects where order of selection is not
imp
OPTIMIZATION
1. A company begins a radio campaign to market a new product. The percentage of the
target market is presented by the function
, where
is percent (in
p (t )
p (t ) 1 e0.04t
decimal form) of people that would buy the product after t days of th
Deferred annuities
The first payment is made not at the beginning or end of the first period but at a later
date.
0
1
2
(k-1)
k
1
2
3
(n-1)
Payments are deferred by k periods. Number of payments n.
Formula to calculate the present value of deferred annuit
FORMULAS FOR THE FINAL EXAM CMS2 - 500
Finance
Simple interest:
A P 1 it
I Pit
Compound interest:
mt
r
A P 1
m
Present value annuities:
PR
Future value annuities:
1 1 i
A P 1 i
or
n
or
These annuities are for the end of the period, A or
n
i
(1 i )n 1
MATHEMATICS FOR MANAGEMENT
Promissory Notes
A promissory note is a written promise by one party to pay a certain sum of money to
another party on a specific date, or on demand.
The required elements and the general rules of law that apply to promissory no
NORMAL DISTRIBUTION
1. Given that x is a normally distributed random variable with a mean of
60 and a standard deviation of 10,find the following probabilities:
(a) P (x>60); (b) P (60<x<72); (c) P (57<x<83); (d) P (65<x<82)
2. For a particular age group
Counting
1.
(a)
(b)
(c)
How many four digit numbers can be formed with the 7 digits: 0, 2, 3, 4, 6, 7, 9, if
repetitions are allowed
repetitions are not allowed
the number must be less than 5000 and repetitions are not allowed
2. Four different mathematic
COMPOUND INTEREST
If the interest due at the end of a unit payment period is added to the principal, so that the
interest computed for the next unit payment period is based on this new principle amount
(old principal plus interest), then the interest is s
Counting
1. An exam consists of 10 true-false questions and 10 five-answer multiple-choice
questions. How many different answer sheets are possible?
2. A department store manager is asked to select and rate the top 3 clerks, the top 3
bookkeepers, and the
Annuities
1. John has paid $350 per month into an annuity for 10 years at 6% compounded monthly.
He has moved money into another plan that pays 8% compounded quarterly. He will
contribute $1000 at the end of every three months. What is the total amount th
Binomial probability distribution
1. A basketball player has a history of making 80% of the foul shots
taken during games. What is the probability that he will miss three of
the next five foul shots he takes?
2. A machine produces parts, of which 0.5% are