OPS 571 Final Exam (Newest) - Assignment

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Inbound transportation costs Volume of goods to be shipped between existing points Transport times between facilities Correlation matrix of existing facilities Click here to download Final Exam Answers of OPS 571 Final Exam 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
$250,687 14. A material requirements planning system is an example of which of the following scheduling systems? Infinite loading, backward scheduling Finite loading, backward scheduling Infinite loading, forward scheduling Finite loading, forward scheduling 15. Capacity planning that involves hiring, layoffs, some new tooling, minor equipment purchases, and subcontracting is considered as which one of the following planning horizons? Long range Current Short range Intermediate range Click here to download the complete course of OPS 571 16. You want to determine the upper control line for a p-chart for quality control purposes. You take several samples of a size of 100 items in your production process. From the samples, you determine the fraction defective is 0.05 and the standard deviation is 0.01. If the desired confidence level is 99.7 percent, which of the following is the resulting UCL value for the line? 0.39 0.06 0.08 0.05 17. The objectives of work center scheduling include which of the following?
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OPS 571 Final Exam (Newest) - Assignment

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