DEVRY BSOP 209 Week 4 Quiz
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<strong>DEVRY</strong> <strong>BSOP</strong> <strong>209</strong> <strong>Week</strong> 4 <strong>Quiz</strong> Waiting Line<br />
Models and Linear Programming<br />
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<strong>209</strong>/bsop-<strong>209</strong>-week-4-quiz-waiting-linemodels-and-linear-programming<br />
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1. Question: (TCO 6) What is the first step in solving a break-even analysis using a<br />
graphic approach?<br />
2. Question: (TCO 7) Define NPV.<br />
3. Question: (TCO 9) What limits the use of a graphical solution to LP?<br />
4. Question: (TCO 8) What are the three parts of a wait-line system?<br />
5. Question: (TCO 8) In reference to queuing, what is a limited or finite population?<br />
6. Question: (TCO 8) What does FIFO mean?<br />
7. Question: (TCO 8) Describe or define a negative exponential-probability<br />
distribution.
8. Question: (TCO 8) Which waiting-line model has a dependent relationship<br />
between the length of the queue and the arrival rate?<br />
9. Question: (TCOs 6 and 7) XYZ plating is going ahead on an expansion project. They<br />
will be able to earn $300 per hour and run 3,000 hours per year. What is the net<br />
present value for the next five years with an interest rate of 6%?
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