MGMT 339 Newest Final Test Exam
With correct Verified Answers Graded
A+
Waiting-line problems that cannot be studied with
waiting-line models must be analyzed with which
analytical tool?
simulation
In general, a less capital-intensive industry such as a
hotel chain would do well with a utilization rate of
60-70%
Capacity planning requires demand forecasts for an
extended period of time. Forecast accuracy tends to
_______ as the forecasting horizon _______.
decline; lengthens
Input measures of capacity are preferred when there
are flexible flow processes
Which of the following is a principal reason that
explains why economies of scale can drive costs
down when output increases?
all of the above
Anna's landscaping business has a capacity gap;
which alternative can best be described as "simply to
do nothing"?
base-case strategy
Which tool deals more formally with demand
uncertainty and variability of capacity decisions?
, waiting-line models
Chang and Chang observe that the competition is
increasing the size of its warehouses. They have
decided to do the same. They are following _______
strategy.
a follow the leader
A diseconomy of scale is realized when
the average cost per unit increases as the facility's
size increases
Using input measures of capacity is least appropriate
in which of the following situations?
product variety and process divergence is low
Long-term capacity planning deals with which of the
following factors?
investment in new facilities
An expansionist capacity strategy is NOT indicated
when
expansion will lead to economies of scale
When evaluating alternative capacity decisions,
qualitative concerns exclude
cash flow
Waiting-line models often are used in capacity
planning in order to
select an appropriate capacity cushion for a high
customer-contact process
A measure of the reserve capacity a process has to
handle in unexpected increases in demand is the
capacity cushion
Throughput time is defined as
the total elapsed time from the start to the finish of a
job being processed at one or more workcenters
With correct Verified Answers Graded
A+
Waiting-line problems that cannot be studied with
waiting-line models must be analyzed with which
analytical tool?
simulation
In general, a less capital-intensive industry such as a
hotel chain would do well with a utilization rate of
60-70%
Capacity planning requires demand forecasts for an
extended period of time. Forecast accuracy tends to
_______ as the forecasting horizon _______.
decline; lengthens
Input measures of capacity are preferred when there
are flexible flow processes
Which of the following is a principal reason that
explains why economies of scale can drive costs
down when output increases?
all of the above
Anna's landscaping business has a capacity gap;
which alternative can best be described as "simply to
do nothing"?
base-case strategy
Which tool deals more formally with demand
uncertainty and variability of capacity decisions?
, waiting-line models
Chang and Chang observe that the competition is
increasing the size of its warehouses. They have
decided to do the same. They are following _______
strategy.
a follow the leader
A diseconomy of scale is realized when
the average cost per unit increases as the facility's
size increases
Using input measures of capacity is least appropriate
in which of the following situations?
product variety and process divergence is low
Long-term capacity planning deals with which of the
following factors?
investment in new facilities
An expansionist capacity strategy is NOT indicated
when
expansion will lead to economies of scale
When evaluating alternative capacity decisions,
qualitative concerns exclude
cash flow
Waiting-line models often are used in capacity
planning in order to
select an appropriate capacity cushion for a high
customer-contact process
A measure of the reserve capacity a process has to
handle in unexpected increases in demand is the
capacity cushion
Throughput time is defined as
the total elapsed time from the start to the finish of a
job being processed at one or more workcenters
