COB 300 Ops Final (Torabi) Exam
Questions and Answers | Latest Update
1. Capacity Planning Questions -
1) What kind of capacity is needed? 2) How much is needed? 3) When is it
needed?
2. Design Capacity -
Maximum output rate or service capacity an operation, process, or facility is
designed for.
3. Effective Capacity -
Design Capacity minus allowances such as personal time, maintenance, and
scrap.
4. Actual Output -
Rate of output actually achieved - cannot exceed effective capacity.
5. Can actual output > effective capacity?
No.
6. Process Flow Time Reductions -
1) Perform activities in parallel 2) Change the sequence of activities 3) Reduce
interruptions.
, 7. A balanced scorecard helps focus manager attention on strategic issues and
strategy implementation (t or f) -
True.
8. The bullwhip effect suggests that the demand variation of a particular item at
the retailer is usually lower than the demand variation of the same item at the
manufacturer (t or f) -
True.
9. If customer lead time is less than manufacturing lead time, make to stock
environment may be suitable (t or f) -
True.
10. In statistical process control, R charts are used for observations that are
discrete in nature (t or f) -
False.
11. Companies should try and reduce inventory turns so that they can do business
with less amount of inventory and improve operationally (t or f) -
False.
12. Inventory Turns -
Cost of goods sold divided by the average inventory value.
13. Utilization of a machine can never exceed its efficiency -
False.
14. The critical path is the path with the most number of activities -
False.
Questions and Answers | Latest Update
1. Capacity Planning Questions -
1) What kind of capacity is needed? 2) How much is needed? 3) When is it
needed?
2. Design Capacity -
Maximum output rate or service capacity an operation, process, or facility is
designed for.
3. Effective Capacity -
Design Capacity minus allowances such as personal time, maintenance, and
scrap.
4. Actual Output -
Rate of output actually achieved - cannot exceed effective capacity.
5. Can actual output > effective capacity?
No.
6. Process Flow Time Reductions -
1) Perform activities in parallel 2) Change the sequence of activities 3) Reduce
interruptions.
, 7. A balanced scorecard helps focus manager attention on strategic issues and
strategy implementation (t or f) -
True.
8. The bullwhip effect suggests that the demand variation of a particular item at
the retailer is usually lower than the demand variation of the same item at the
manufacturer (t or f) -
True.
9. If customer lead time is less than manufacturing lead time, make to stock
environment may be suitable (t or f) -
True.
10. In statistical process control, R charts are used for observations that are
discrete in nature (t or f) -
False.
11. Companies should try and reduce inventory turns so that they can do business
with less amount of inventory and improve operationally (t or f) -
False.
12. Inventory Turns -
Cost of goods sold divided by the average inventory value.
13. Utilization of a machine can never exceed its efficiency -
False.
14. The critical path is the path with the most number of activities -
False.
