OPMA 3306 CH 3, 4/4A, AND 5
QUIZZES WITH CORRECT ANSWERS
In most cases, demand for products or services can be broken down into several
components. Which of the following is not considered a component of demand? -
Correct Answers -Past data
Using the exponential smoothing model for forecasting, the smoothing constant alpha
determines the level of smoothing and - Correct Answers -the strength of reaction to
differences between forecast and actual results
Collaborative Planning, Forecasting, and Replenishment (CPFR) is a web-based tool
used to coordinate demand forecasting, production and purchase planning, and
inventory replenishment between supply chain trading partners. In practice CPFR often
doesn't deliver on its' promise because:
1) Computer systems at supplier companies cannot be made to work with each other.
2) Forecast errors accumulate as data exchanges are made down the supply chain
culminating in the "feast or famine" phenomena known as the "bullwhip effect."
3) Firms in a supply chain may not trust each other sufficiently to share information
openly.
4) conflicting objectives between the profit-maximizing vendor and the cost-minimizing
customer give rise to adversarial supply chain relationships - Correct Answers -Choices
3 and 4 above
Which of the following forecasting methods is very dependent on selection of the right
individuals who will judgmentally be used to actually generate the forecast? - Correct
Answers -Delphi method
A company wants to forecast demand using the simple moving average. If the company
uses four prior yearly sales values (i.e., year 2014 = 100, year 2015 = 120, year 2016 =
140, and year 2017 = 210), which of the following is the simple moving average forecast
for year 2018? - Correct Answers -142.5
Which of the following is not one of the basic forecasting types discussed in the text? -
Correct Answers -Force vector analysis
Which of the following forecasting methodologies is considered a time series forecasting
technique? - Correct Answers -Simple moving average
QUIZZES WITH CORRECT ANSWERS
In most cases, demand for products or services can be broken down into several
components. Which of the following is not considered a component of demand? -
Correct Answers -Past data
Using the exponential smoothing model for forecasting, the smoothing constant alpha
determines the level of smoothing and - Correct Answers -the strength of reaction to
differences between forecast and actual results
Collaborative Planning, Forecasting, and Replenishment (CPFR) is a web-based tool
used to coordinate demand forecasting, production and purchase planning, and
inventory replenishment between supply chain trading partners. In practice CPFR often
doesn't deliver on its' promise because:
1) Computer systems at supplier companies cannot be made to work with each other.
2) Forecast errors accumulate as data exchanges are made down the supply chain
culminating in the "feast or famine" phenomena known as the "bullwhip effect."
3) Firms in a supply chain may not trust each other sufficiently to share information
openly.
4) conflicting objectives between the profit-maximizing vendor and the cost-minimizing
customer give rise to adversarial supply chain relationships - Correct Answers -Choices
3 and 4 above
Which of the following forecasting methods is very dependent on selection of the right
individuals who will judgmentally be used to actually generate the forecast? - Correct
Answers -Delphi method
A company wants to forecast demand using the simple moving average. If the company
uses four prior yearly sales values (i.e., year 2014 = 100, year 2015 = 120, year 2016 =
140, and year 2017 = 210), which of the following is the simple moving average forecast
for year 2018? - Correct Answers -142.5
Which of the following is not one of the basic forecasting types discussed in the text? -
Correct Answers -Force vector analysis
Which of the following forecasting methodologies is considered a time series forecasting
technique? - Correct Answers -Simple moving average
