341 Final Exam Review UPDATED ACTUAL Questions And Correct Answers
Terms in this set (11)
What capacity problems are encountered when a new The primary concerns come from uncertain demand for the drug and the high
drug is introduced to the market? capital investment typically needed for modern drug production. Being a new
drug, there are no historical sales data on which base forecasts of future demand.
If forecasts are too high, significant capital resources will be underutilized. If
forecasts are too low, there may be insufficient capital resources to meet the
actual demand, resulting in lost sales when the price for the new drug is typically
the highest.
List some practical limits to economies of scale; that is, A plant should stop growing when its long-run average cost curve hits the
when should a plant stop growing? inflection point and starts increasing. Factors leading to this situation include
difficulties coordinating and managing a large facility, fluctuations in demand that
can lead to periods of low capacity utilization, and capacity imbalance within the
facility.
What are some capacity balance problems faced by the a. Airline terminal
following organizations or faculties? Congested flight scheduling typically leads to problems throughout the system,
including waiting areas, distances from boarding gates, ground crew
requirements, runways, baggage handling, etc.
b. University computing center
The number of computer workstations, the size of each workstation, the mix of
computer types, number of printers, and capacity of the network. These problems
are exacerbated by surges in demand during certain points in the semester.
c. Clothing manufacturer
Many manufacturers now use highly decentralized shops to make clothing. This
means that capacity of multiple sites must be accounted for in planning process.
What are some major capacity considerations in a Some capacity considerations are size and composition of nursing staff, balance
hospital? How do they differ from those of a factory? between operating room and intensive care units, ER's etc and how many beds
are available. One of the differences between hospital and factory capacity is that
a hospital can add capacity easily by adding more staff and beds. A factory is
usually technologically limited and therefore must plan well in advance to add
capacity. General uncertainty that surrounds the demand for hospital services is
much greater than what would be faced by a factory. Factory management
generally has the ability to backlog demand in such a way as to achieve more
efficient levels of capacity utilization than does a hospital. Sick and injured
patient's cannot be put on a shelf and made to wait during periods of peak
demand.
Terms in this set (11)
What capacity problems are encountered when a new The primary concerns come from uncertain demand for the drug and the high
drug is introduced to the market? capital investment typically needed for modern drug production. Being a new
drug, there are no historical sales data on which base forecasts of future demand.
If forecasts are too high, significant capital resources will be underutilized. If
forecasts are too low, there may be insufficient capital resources to meet the
actual demand, resulting in lost sales when the price for the new drug is typically
the highest.
List some practical limits to economies of scale; that is, A plant should stop growing when its long-run average cost curve hits the
when should a plant stop growing? inflection point and starts increasing. Factors leading to this situation include
difficulties coordinating and managing a large facility, fluctuations in demand that
can lead to periods of low capacity utilization, and capacity imbalance within the
facility.
What are some capacity balance problems faced by the a. Airline terminal
following organizations or faculties? Congested flight scheduling typically leads to problems throughout the system,
including waiting areas, distances from boarding gates, ground crew
requirements, runways, baggage handling, etc.
b. University computing center
The number of computer workstations, the size of each workstation, the mix of
computer types, number of printers, and capacity of the network. These problems
are exacerbated by surges in demand during certain points in the semester.
c. Clothing manufacturer
Many manufacturers now use highly decentralized shops to make clothing. This
means that capacity of multiple sites must be accounted for in planning process.
What are some major capacity considerations in a Some capacity considerations are size and composition of nursing staff, balance
hospital? How do they differ from those of a factory? between operating room and intensive care units, ER's etc and how many beds
are available. One of the differences between hospital and factory capacity is that
a hospital can add capacity easily by adding more staff and beds. A factory is
usually technologically limited and therefore must plan well in advance to add
capacity. General uncertainty that surrounds the demand for hospital services is
much greater than what would be faced by a factory. Factory management
generally has the ability to backlog demand in such a way as to achieve more
efficient levels of capacity utilization than does a hospital. Sick and injured
patient's cannot be put on a shelf and made to wait during periods of peak
demand.
