OPS 571 Final Exam (Newest) - Assignment

Inbound transportation costs
Volume of goods to be shipped between existing points
Transport times between facilities
Correlation matrix of existing facilities
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11. The Pareto principle is best applied to which of the following
inventory systems?
EOQ
Fixed-time-period
Fixed-order quantity
ABC classification
12. A company can produce a small lot of products the first time at a
cost of $2,000. If their 85 percent learning curve allows them to
reduce their costs on each lot, what is the total cost of producing 5
lots?
$8,062.00
$4,031.00
$9,376.50
$10,000.00
13. You are a consultant called in to estimate the costs after the
employees learn how to do a job more efficiently by repetition of new
product. You find a company can produce a product the first time at
a cost of $5,000. If their 90 percent learning curve allows them to
reduce their costs on each unit, what is the total cost of producing
100 units of the new product?
$290,700
$500,000
$390,000