Mgt 3900 unit 2 - Study guides, Class notes & Summaries

MGT 3900 Chapter 05 Test Bank KEY MGT 3900 Chapter 05 Test Bank KEY 1. All flow units should have the same exit point in a production process. FALSE Attrition loss is an example of when flow units exit the process before completion. Therefore, some flow units exit the process earlier than others. 2. A bottleneck resource must have an implied utilization less than 100%. FALSE An implied utilization less than 100% simpl...

MGT 3900 Chapter 05 Test Bank KEY 1. All flow units should have the same exit point in a production process. FALSE Attrition loss is an example of when flow units exit the process before completion. Therefore, some flow units exit the process earlier than others. 2. A bottleneck resource must have an implied utilization less than 100%. FALSE An implied utilization less than 100% simply means that the resource has capacity to meet demand. It has no bearing on if the resource is a bottle...

MGT 3900 PLAN REQUIREMENTS FOR MIYAOKA LITTLEFIELD SIMULATION Clemson University MGT 3900 PLAN REQUIREMENTS FOR MIYAOKA LITTLEFIELD SIMULATION Team Name: Questions about the game set up: 1) The cost of a single raw kit is: 2) The lead time to obtain an order of raw kits is: 3) The amount of interest earned on the cash balance is (choose one): a. Current market rate. b. 5% c. 10% d. 10% minus taxes Forecast of demand: Either enter your demand forecast f...

MGT 3900 Test 1 QUESTIONS AND ANSWERSMGT 3900 Test 1 QUESTIONS AND ANSWERS Question 1 A restaurant promising a meal in two minutes or less attempts to cater to which part of the customer utility function? a. Timing b. Fit c. Preference d. Ambience Question 2 Beyond just executing the current way of doing things, operations management is about: a. eliminating inefficiencies to move the firm away from the efficient frontier. b. managing inputs and resources to move the firm aw...

MGT 3900 Chapter 05 Test Bank KEYMGT 3900 Chapter 05 Test Bank KEY 1. All flow units should have the same exit point in a production process. FALSE Attrition loss is an example of when flow units exit the process before completion. Therefore, some flow units exit the process earlier than others. 2. A bottleneck resource must have an implied utilization less than 100%. FALSE An implied utilization less than 100% simply means that the resource has capacity to meet demand. It has no beari...

MGT 3900 Exam 2 QUESTIONS AND ANSWERS/ STUDY NOTES MGT 3900 Exam 2 QUESTIONS AND ANSWERS/ STUDY NOTES Questions: 1. There can be no more than two firms on the efficient frontier. False 2. If the takt time is shorter than the cycle time, the process needs to run faster. True 3. When an operation improves its efficiency, its revenue will always stay constant while its costs will go down. False. 4. You and three of your friends run a car wash for a fundraiser. Between interior and exterior cl...