OMIS 338 FINAL TEST 2026 QUESTIONS
WITH CORRECT ANSWERS GRADED A+
◍ Which of these is the discipline of managing the flow of materials and
transportation activities to ensure adequate customer service at reasonable
cost?.
Answer: Logistics
◍ applied research.
Answer: has the objective of achieving commercial applications
◍ A loan officer at a bank calls an appraiser's office (5 minutes for each
participant on the call) and requests an appraisal for a home that is under
contract. The request is not acted upon for 24 hours ($50 per hour). The
appraiser visits the site (one hour), conducts a search for comparable sales
(two hours), and writes up the appraisal (one hour) before transmitting the
information back to the loan officer (5 minutes for each person on the
phone). The loan officer makes $75 per hour, and the appraiser makes $125
per hour. What is the percentage of value-added cost in this example?.
Answer: 31%
◍ BOM for Sales.
Answer: Confirm product configurations and availability; Use cost data
from BOM to support pricing negotiations; Communicate lead times to
customers based on material requirements.
◍ A forecast for the first six months of the year revealed a tendency to
underpredict the actual demand for the revitalized Hubig's Pies plant in the
Marigny..
Answer: 38.33
◍ True or False: Collaboration can lead to a significant downfall in forecasting
accuracy..
, Answer: -False-Collaboration can lead to significant improvements in
forecasting accuracy
◍ Woodstock 99 planners would like to locate the porta potties using the
center of gravity criterion. The various stages and centers on concert
grounds are indicated in the table, along with their location and daily
tonnage. What is the x-y coordinate of the location of the porta potties?.
Answer: How to solve Weighted Average of x-coordinates = (5000 200 +
4000 200 + 4000 250 + 9000 350 + 4000 150 + 4000 100) / (5000 + 4000 +
4000 + 9000 + 4000 + 4000)Weighted Average of x-coordinates =
32,000,,000Weighted Average of x-coordinates = 1066.67
◍ Forecast Error (FE).
Answer: The difference between a forecasted value and the realized value.
◍ What are the FOUR components of Time series Forecasting models (4
components), and describe them.
Answer: -Trend variations: increasing or decreasing over many
years-Cyclical variations: wavelike movements that are longer than a year
(ex. business cycle)-Seasonal variations: show peaks and valleys that repeat
over consistent interval (ex. hours, days, weeks, months, seasons, or
years)-Random variations: due to unexpected or unpredictable events such
as natural disasters
◍ Define Capacity.
Answer: refers to a firm's labor and machine resources
◍ proactive approach.
Answer: seeks to actively influence demand (advertising, pricing,
modifications)
◍ Which of the following four steps characterize the Deming Cycle?a. Plan,
Do, Study, Actb. Plan, Do, Study, Analyzec. Plan, Define, Measure,
Analyzed. Define, Measure, Act, Improve.
Answer: a. Plan, Do, Study, Act
◍ A company currently has 500 items in inventory. The demand for the next 2
, months is 900 and 1,200 units. Assuming a level production rate of 1,000
units per month, determine the ending inventor at the end of the second
month.
Answer: 500+(1000*2)-(900+1200)=400
◍ The average time it takes to complete one cycle of a process is called.
Answer: flow time.
◍ Returns and Reverse Logistics.
Answer: Returning products, warranty repairs, and recycling or disposing
items
◍ Commercial grunion fishing operations in the western United States are
responsible for meeting demand in four large population centers in the
eastern United States. The demands, supply capacity, and cost to ship one
ton between each combination of cities are shown in the following table.
Supply and demand figures are in tons. How many decision variables exist
in a transportation model formulation of this problem?.
Answer: 4*4=16
◍ A donut shop in Bangalore models demand its savory donuts based on the
number of hours the store is open, the advertising budget, the high
temperature in degrees C, and the number of days remaining until Diwali.
The regression output is shown below. The baker studies these results and
decides to simplifty the model. Which independent variable should be
retained for another round of donut demand modeling?.
Answer: Days left
◍ There are five jobs in a factory. Each of these jobs has to go through two
workstations for processing. Each job is processed on Workstation #1 and
then on Workstation #2. The processing time for each job on each
workstation is given below.Using Johnson's sequencing rule, it can be
concluded that the makespan of the sequence is.
Answer: more than 150 but less than or equal to 200 minutes.
◍ A civil engineering firm designs bridges to span great distances. Years ago,
WITH CORRECT ANSWERS GRADED A+
◍ Which of these is the discipline of managing the flow of materials and
transportation activities to ensure adequate customer service at reasonable
cost?.
Answer: Logistics
◍ applied research.
Answer: has the objective of achieving commercial applications
◍ A loan officer at a bank calls an appraiser's office (5 minutes for each
participant on the call) and requests an appraisal for a home that is under
contract. The request is not acted upon for 24 hours ($50 per hour). The
appraiser visits the site (one hour), conducts a search for comparable sales
(two hours), and writes up the appraisal (one hour) before transmitting the
information back to the loan officer (5 minutes for each person on the
phone). The loan officer makes $75 per hour, and the appraiser makes $125
per hour. What is the percentage of value-added cost in this example?.
Answer: 31%
◍ BOM for Sales.
Answer: Confirm product configurations and availability; Use cost data
from BOM to support pricing negotiations; Communicate lead times to
customers based on material requirements.
◍ A forecast for the first six months of the year revealed a tendency to
underpredict the actual demand for the revitalized Hubig's Pies plant in the
Marigny..
Answer: 38.33
◍ True or False: Collaboration can lead to a significant downfall in forecasting
accuracy..
, Answer: -False-Collaboration can lead to significant improvements in
forecasting accuracy
◍ Woodstock 99 planners would like to locate the porta potties using the
center of gravity criterion. The various stages and centers on concert
grounds are indicated in the table, along with their location and daily
tonnage. What is the x-y coordinate of the location of the porta potties?.
Answer: How to solve Weighted Average of x-coordinates = (5000 200 +
4000 200 + 4000 250 + 9000 350 + 4000 150 + 4000 100) / (5000 + 4000 +
4000 + 9000 + 4000 + 4000)Weighted Average of x-coordinates =
32,000,,000Weighted Average of x-coordinates = 1066.67
◍ Forecast Error (FE).
Answer: The difference between a forecasted value and the realized value.
◍ What are the FOUR components of Time series Forecasting models (4
components), and describe them.
Answer: -Trend variations: increasing or decreasing over many
years-Cyclical variations: wavelike movements that are longer than a year
(ex. business cycle)-Seasonal variations: show peaks and valleys that repeat
over consistent interval (ex. hours, days, weeks, months, seasons, or
years)-Random variations: due to unexpected or unpredictable events such
as natural disasters
◍ Define Capacity.
Answer: refers to a firm's labor and machine resources
◍ proactive approach.
Answer: seeks to actively influence demand (advertising, pricing,
modifications)
◍ Which of the following four steps characterize the Deming Cycle?a. Plan,
Do, Study, Actb. Plan, Do, Study, Analyzec. Plan, Define, Measure,
Analyzed. Define, Measure, Act, Improve.
Answer: a. Plan, Do, Study, Act
◍ A company currently has 500 items in inventory. The demand for the next 2
, months is 900 and 1,200 units. Assuming a level production rate of 1,000
units per month, determine the ending inventor at the end of the second
month.
Answer: 500+(1000*2)-(900+1200)=400
◍ The average time it takes to complete one cycle of a process is called.
Answer: flow time.
◍ Returns and Reverse Logistics.
Answer: Returning products, warranty repairs, and recycling or disposing
items
◍ Commercial grunion fishing operations in the western United States are
responsible for meeting demand in four large population centers in the
eastern United States. The demands, supply capacity, and cost to ship one
ton between each combination of cities are shown in the following table.
Supply and demand figures are in tons. How many decision variables exist
in a transportation model formulation of this problem?.
Answer: 4*4=16
◍ A donut shop in Bangalore models demand its savory donuts based on the
number of hours the store is open, the advertising budget, the high
temperature in degrees C, and the number of days remaining until Diwali.
The regression output is shown below. The baker studies these results and
decides to simplifty the model. Which independent variable should be
retained for another round of donut demand modeling?.
Answer: Days left
◍ There are five jobs in a factory. Each of these jobs has to go through two
workstations for processing. Each job is processed on Workstation #1 and
then on Workstation #2. The processing time for each job on each
workstation is given below.Using Johnson's sequencing rule, it can be
concluded that the makespan of the sequence is.
Answer: more than 150 but less than or equal to 200 minutes.
◍ A civil engineering firm designs bridges to span great distances. Years ago,
