Chapter 5. Business - Decision Science

1

If a person performing a task has been achieving a 95 percent learning curve and you know that the task will end after the 100th unit, the last unit produced will take 71.12 percent as much time as the first unit.

2

Identify (a) the demand options for aggregate planning; and (b) the capacity (supply) options for aggregate planning

3

On complex projects, despite the importance of factors such as technical capability, managerial capability and previous experience; the selection decision is made mostly or entirely on price

4

Random numbers are typically generated on the computer using a numerical technique

5

Advantage Air Conditioning guarantees that any spare part for repairing air conditioners will be supplied within 24 hours. This policy best matches with

6

The components of a corporate mission statement or a supply chain mission statement will be similar.

7

The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent of the purchase cost. Currently, the purchase cost is $40

8

At the time the project charter is prepared there is typically a very general understanding of the project, so if a budget is included it can only be a rough estimate

9

Negotiation is noncritical means to convey the buyer's specific sourcing requirements and specifications to its supply base

10

In an effort to manage the stress of coping with culture shock, one can create a(n) ________ zone or an environment that closely relates to home.

11

Common tools and techniques used for developing a list of project risks include each of the following except

12

Branch and bound cannot be used to solve mixed integer programs

13

An iterative process in which senior management asks what lower levels of the organization can do, what they need, and what conflicts may arise can avoid many of the implementation problems that managers typically face

14

The highest element in the hierarchical breakdown of the WBS is the first major deliverable for the project and the lowest element is a work package.

15

Complete the table; find average lateness, average completion time, and average number of jobs in the system. Assume all durations are in days and that the jobs are processed at the shop in the order that they arrive (A then B then C then D)

16

When calculating the EOQ size, describe the difference between holding cost per unit per period and the holding cost per unit per year. How would the EOQ equation need to be managed in each case?

17

A(n) ____________________ synonym is an alternate name that can be referenced by all users

18

In the cost markup pricing model, the supplier takes its estimates of costs and adds a markup percentage to obtain the desired profit

19

Delayed projects that are shelved for a period of time and then re-initiated again after a while describes

20

Voice over Internet Protocol (VoIP) is used to route traffic starting and ending at conventional public switched telephone network phones

21

List the seven operating characteristics of a single-channel waiting line (no formulas)

22

Daily usage of a part is 20 in a facility that operates 250 days of the year. Setup cost is $20 and annualized carrying cost is $210. Production of this part occurs at the rate of 50 per day when production of the part is underway

23

The project scope is all the work that must be done in order to produce all the project deliverables, satisfy the customer, and accomplish the project objective

24

“Design for X” is:

25

Which of the following enables engineers to design, analyze, test, simulate, and manufacture products before they physically exist?

26

Which of the following activities takes place most immediately once the mission has been developed?

27

If a vendor has correctly used marginal analysis to select its stock levels for the day (as in the newsperson problem in the text), and if the profit resulting from the last unit being sold (Cu) is $0.90 and the loss resulting from that unit if it is not sold (Co) is $0.50, which of the following is the probability of the last unit being sold?

28

For which of the following should we use an R-chart to monitor process quality?

29

Use the information from Scenario 8.1 to determine the objective function for this scenario

30

When resource overloads are extreme, project managers may need to consider the acquisition of additional resources, reductions in scope or extensions to the project schedule

31

The examples of Target, LinkedIn, First Tennessee, and many other companies that have implemented data analytics initiatives indicate that:

32

Project stakeholders will judge the quality of project work processes as well as project deliverables

33

An accounting professor realizes she is woefully inadequate at performing research. She discusses the art of research with a colleague and gains important insights that permit her to establish a research agenda. This is an example of:

34

S&OP has both “hard” and “soft” benefits. Which of the following is not considered a “soft” benefit of S&OP?

35

In design and implementation of any _____ application, there are 4 Rs involved: retrieve, reuse, revise, and retain

36

Which of the following matches between the quality pioneers and their philosophies is INCORRECT?

37

_____ can be defined as how easy the professional service provider is to do business with

38

_____ fragmentation refers to the division of a relation into subsets of tuples

39

When the project team is salaried, which of the following is the preferred choice for accelerating project completion?

40

The conversion of an unnormalized table to first normal form requires the removal of ____

41

Local Presence is considered an obsolete paradigm because:

42

The perfect order percentage attained by the majority of firms is consistently 90% and higher.

43

Autocratic decisions are made using available information at the time

44

Case-Based Critical Thinking QuestionsCase 1-1Peter has just joined a mid-sized toy company and is in charge of maintaining the company's servers.When Peter hears that people are having trouble sending and receiving e-mail messages, he looks into fixing the ____ server.

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Chapter 5. Business - Decision Science

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