COB 300 Operations Final Exam questions with
verified answers
3 ways to reduce throughput time Ans✓✓✓ Change sequence of activities
Perform activities in parallel
Reduce interruptions
According to Hau Lee, what type of products need to be delivered with efficient
supply chains? Ans✓✓✓ grocery products
Centroid method uses what data? Ans✓✓✓ X and Y coordinates and volume of
goods
Characteristics of Factor rating system in location planning Ans✓✓✓ Most widely
used
Simple and flexible
Assigns point values to factors
Delivering attributes is about... Ans✓✓✓ Operations
Effective capacity cannot be in excess of... Ans✓✓✓ design capacity
Explain a balanced scorecard Ans✓✓✓ Clarifies vision and strategy to put them
into action by developing objectives
Explain ABC inventory analysis Ans✓✓✓ based on pareto principle (80/20 rule)
, the challenge is to find which items have the highest total periodic cost
Explain aggregate planning Ans✓✓✓ process to determine the most cost
effective way to match demand and supply over a medium time horizon (3-18
months)
connected to the budgeting process
Explain Assembly Lines, give an example Ans✓✓✓ Produces fewer major
products with high volume, specialized equipment (Auto assembly)
Explain Batch processing, give an example Ans✓✓✓ produces multiple products
at lower volume (fast food)
Explain blocking Ans✓✓✓ where activities in the stage must stop because there
is no place to deposit the item
Explain buffering Ans✓✓✓ a storage area between stages
Explain Centralized vs. On-site inspection Ans✓✓✓ Centralized- specialized tests
to be completed in a lab, more favorable testing environment
On-site- avoids extraneous factors, gives quicker decisions
Explain Classic Accommodation vs. Low Cost Accommodation Ans✓✓✓ Classic-
make sure plenty of employees are on hand
Low Cost- Hire lower cost labor, automate tasks, outsource, create self-service
options
verified answers
3 ways to reduce throughput time Ans✓✓✓ Change sequence of activities
Perform activities in parallel
Reduce interruptions
According to Hau Lee, what type of products need to be delivered with efficient
supply chains? Ans✓✓✓ grocery products
Centroid method uses what data? Ans✓✓✓ X and Y coordinates and volume of
goods
Characteristics of Factor rating system in location planning Ans✓✓✓ Most widely
used
Simple and flexible
Assigns point values to factors
Delivering attributes is about... Ans✓✓✓ Operations
Effective capacity cannot be in excess of... Ans✓✓✓ design capacity
Explain a balanced scorecard Ans✓✓✓ Clarifies vision and strategy to put them
into action by developing objectives
Explain ABC inventory analysis Ans✓✓✓ based on pareto principle (80/20 rule)
, the challenge is to find which items have the highest total periodic cost
Explain aggregate planning Ans✓✓✓ process to determine the most cost
effective way to match demand and supply over a medium time horizon (3-18
months)
connected to the budgeting process
Explain Assembly Lines, give an example Ans✓✓✓ Produces fewer major
products with high volume, specialized equipment (Auto assembly)
Explain Batch processing, give an example Ans✓✓✓ produces multiple products
at lower volume (fast food)
Explain blocking Ans✓✓✓ where activities in the stage must stop because there
is no place to deposit the item
Explain buffering Ans✓✓✓ a storage area between stages
Explain Centralized vs. On-site inspection Ans✓✓✓ Centralized- specialized tests
to be completed in a lab, more favorable testing environment
On-site- avoids extraneous factors, gives quicker decisions
Explain Classic Accommodation vs. Low Cost Accommodation Ans✓✓✓ Classic-
make sure plenty of employees are on hand
Low Cost- Hire lower cost labor, automate tasks, outsource, create self-service
options
