BSOP 209 Week 8 Final Exam (Explanatory Answers)
BSOP 209 Week 8 Final Exam (Explanatory Answers), Complete solutions - Latest
BSOP 209 Week 8 Final Exam Page 1 1. (TCO 8) What are the three parts of a wait-line system? 2. (TCO 9) What is the objective function of LP? 3. (TCO 11 & 12) What are...
1. (TCO 8) What are the three parts of a wait-line system? (Points : 15)
2. (TCO 9) What is the objective function of LP? (Points : 15)
3. (TCO 11 & 12) What are two of the steps in a simplex maximization problem? (Points : 15)
4. (TCO 10) What will happen if the right-hand side of a constraint is changed? (Points : 15)
5. (TCO 15 & 16) What are three of the basic steps that both PERT and CPM follow? (Points : 15)
6. (TCO 16) What is a "dummy activity?" (Points : 15)
7. (TCO 3, 4, & 5) What is the formula for linear regression? Define each part. (Points : 15)
8. (TCO 1) What are the four qualitative forecasting approaches that are available to us? (Points :
, 15)
9. (TCO 6) Describe the "revenue junction." (Points : 15)
10. (TCO 8) What are the three parts of a typical queuing system? (Points : 15)
11. (TCO 8) When designing a waiting line system, what "qualitative" concerns need to be
considered? (Points : 15)
12. (TCO 8) What is the expected value with perfect information? (Points : 15)
Page 2
1. (TCO 1 &2) What is the forecast for Aug based on a weighted moving average applied to the
following past demand data and using the weights: 5, 3, 1.5? (largest weight is for most recent data)
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