100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
MGMT 301 FINAL || Questions and 100% Verified Answers. $10.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. MGMT 301
  4.  
  5. MGMT 301

Exam (elaborations)

MGMT 301 FINAL || Questions and 100% Verified Answers.
 0 purchase
  • Course
  • MGMT 301
  • Institution
  • MGMT 301

The theory of constraints (also called synchronous manufacturing) suggests that the scheduling of a bottleneck resource should be guided by the capacity of a non-bottleneck resource. correct answers False The choice of which sequencing rule to use in production scheduling does not need to be rel...

[Show more]

Preview 2 out of 7  pages

Document information

  • September 12, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • the theory of constraints also called synchronous

Written for

  • MGMT 301
  • MGMT 301

Seller

avatar-seller
FullyFocus

Reviews received

Content preview

MGMT 301 FINAL || Questions and 100% Verified Answers.
The theory of constraints (also called synchronous manufacturing) suggests that the scheduling
of a bottleneck resource should be guided by the capacity of a non-bottleneck resource. correct
answers False

The choice of which sequencing rule to use in production scheduling does not need to be related
to the firms operations strategy. correct answers False

Sequencing rules are often used instead of "optimal" job assignments because job shop (batch)
production environments are complex and dynamic. correct answers True

A production scheduling department is generally responsible for? correct answers loading,
sequencing, and monitoring

Which of the following is not a "transformation process" discussed in class correct answers
marginal

In production scheduling, "Loading" refers to correct answers Assigning work to specific
machines, work centers, or work areas.

Unlike most of the scheduling rules discussed in class, Johnson's rule actually finds an "optimal"
production schedule. correct answers True

Scheduling in a job shop or batch production environment is generally very complicated. correct
answers True

Which of the following is NOT a scheduling responsibility of a production department? correct
answers Forecasting

Scheduling issues differ from industry to industry, so the approach to scheduling also varies by
industry correct answers True

Calculate MAD using the following data. Round your answer off to 2 decimal places. Demand
for the past 4 periods was: 342, 355, 349, 348; Forecasts for the past 4 periods was: 347, 349,
348, 348 correct answers 3.00

The fewer periods of data that you include in a moving average forecast, the more "smoothed"
out the forecasts will be. correct answers False

Which two steps in the forecasting process are most likely to get skipped or ignored in practice?
correct answers Validation and monitoring

Calculate a weighted moving average forecast for period 6, using the following data: Weights:
use .5 as weight for most recent demand, use .3, as weight for next most recent demand and

, use .2 as weight for the next most recent demand; Demands for periods 1-5 are 501, 492, 499,
505, 496. Round off your answer to two decimal places. correct answers 499.3

The optimistic time for a task is 5 days, the most likely time is 6 days, and the pessimistic time is
13 days. The expected time for the task is? correct answers 7 days

Costs that are allocated to a project generally increase as project duration increases, while direct
costs of a project may generally decrease as project duration increases. correct answers True

The PERT method of Project Scheduling uses known activity times. correct answers False

In an AON project network, nodes of the network represent the activities. correct answers True

The mean expected completion time for a project is 21 weeks. The critical path for the project is
A-C-F. What is the probability that the project will get done in 24 weeks? Write you answer in
decimal form (for example, write an 82.5435% probability as .8254). Round off to the 4th digit,
as in the example above. correct answers .8413

Which of the following is NOT true about "Pull" or "Kanban"-based production control. correct
answers Increases inventory levels so that customer service will be higher

JIT is a set of inter-related and inter-dependent practices. correct answers True

Which of the following is NOT a basic element of JIT? correct answers Product Structure Tree

Cellular layouts (from manufacturing cells) seek to have the flexibility of a production line while
being efficient too. correct answers False

JIT considers inventory to be a "waste". correct answers True

The Chase approach of aggregate production planning correct answers Will plan production
capacity to be equal to forecast demand

Most businesses attempt to modify demand and capacity while doing aggregate planning,
because doing so can result in higher profits. correct answers False

Aggregate production planning is a result of master scheduling correct answers False

Which of the following is NOT typically an option to be considered when trying to modify
capacity during aggregate production planning? correct answers counter-seasonal product mixing

Of the methods discussed in class for modelling aggregate planning situations, only linear
programming and linear decision rules will identify optimal solutions -- the other methods will
NOT identify their solutions as optimal. correct answers True

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller FullyFocus. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67479 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$10.99
  • (0)
Add to cart
Added