BSOP 334 WEEK 8 FINAL EXAM
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<strong>BSOP</strong> <strong>334</strong> <strong>WEEK</strong> 8 <strong>FINAL</strong> <strong>EXAM</strong><br />
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<strong>BSOP</strong> <strong>334</strong> <strong>WEEK</strong> 8 <strong>FINAL</strong> <strong>EXAM</strong><br />
1. (TCO 1) Which of the following functions involves budgeting, analysis of investment proposals, and provision of<br />
funds? (Points : 5)<br />
Operation<br />
Marketing<br />
Purchasing<br />
Finance<br />
Internal audit<br />
Question 2. 2. (TCO 1) Transformation includes all of the following, except (Points : 5)<br />
assembling.<br />
teaching.<br />
staffing.<br />
farming.<br />
consulting.<br />
Question 3. 3. (TCO 1) Which of the following is providing new opportunities for productivity<br />
improvements? (Points : 5)<br />
Pollution<br />
control<br />
Total quality management<br />
Supply chain management<br />
Competition from foreign manufacturers<br />
Technological change<br />
Question 4. 4. (TCOs 3 & 6) In an effort to reduce inventory, which of the following interactions<br />
with vendors would potentially be helpful? (Points : 5)<br />
Reducing lead times<br />
Increasing safety stock<br />
Less frequent purchases<br />
Larger batch quantities<br />
Longer order intervals<br />
Question 5. 5. (TCOs 3 & 6) Which of the following costs related to order size is nonlinear?<br />
(Points : 5)<br />
Interest<br />
Insurance<br />
Taxes<br />
Receiving<br />
Space<br />
Question 6. 6. (TCO 2) Which of the following is a computer-based information system designed<br />
to handle ordering and scheduling of dependent-demand inventories? (Points : 5)
Question 7. 7. (TCO 2) Net material requirements can be described as (Points : 5)<br />
Question 8. 8. (TCO 2) When an MRP system is periodically updated to account for all changes<br />
that have occurred within a given time interval, the process is called (Points : 5)<br />
Question 9. 9. (TCOs 4, 5, & 6) How does a net-change system work? (Points : 5)<br />
Question 10. 10. (TCOs 4, 5, & 6) The MRP approach that is used for components or<br />
subassemblies to compensate for variations in lead times is called (Points : 5)<br />
Question 11. 11. (TCOs 4, 5, & 6) A lead time service level of 90 percent implies which of the<br />
following? (Points : 5)<br />
Question 12. 12. (TCOs 5, 7, & 9) The dynamic store of information on the status of each item by<br />
time period (e.g., scheduled receipts, lead time, lot size), which is an input to the MRP, is the<br />
(Points : 5)<br />
Question 13. 13. (TCOs 5, 7, & 9) What will be the quantity of the first planned receipt if net<br />
requirements for component J are as follows: 60 units in Week 2, 40 units in Week 3, and 60<br />
units in Week 5? A fixed-period, two-period lot-sizing method is used. (Points : 5)<br />
Question 14. 14. (TCO 11, 12, 13, & 14) Given a product mix, scheduling difficulties, quality<br />
factors, and so on, the maximum expected output is (Points : 5)<br />
Question 15. 15. (TCOs 11, 12, 13, & 14) Given the following information, calculate the<br />
efficiency.<br />
Effective capacity = 50 units per day<br />
Design capacity = 100 units per day<br />
Actual output = 30 units per day (Points : 5)<br />
Question 16. 16. (TCOs 10, 15, & 16) In an assignment method problem, it takes Abe 3 hours to<br />
build a birdhouse and 4 hours for a doghouse, while Betty takes 4 hours for a birdhouse and 3<br />
hours for a doghouse. What is the reduced cost (in hours) of assigning Abe to build the<br />
doghouse? (Points : 5)<br />
Question 17. 17. (TCOs 10, 15, & 16) The matrix below shows relative costs for various jobmachine<br />
combinations. Which set of pairs constitutes the minimum cost solution using the<br />
assignment method?<br />
Machine<br />
A B C<br />
Job 1 $6 00<br />
2 0 34<br />
3 0 12<br />
(Points : 5)<br />
1. (TCO 1) A company has found that introducing one additional worker enables a process improvement that reduces<br />
processing time for each unit so that output is increased by 25% with less material. Under the old process, five workers<br />
could produce 60 units per hour. Labor costs are $12/hour, and material input was previously $16/unit. For the new<br />
process, material is now $10/unit. Overhead is charged at 1.6 times direct labor cost. Finished units sell for $31 each.<br />
What increase in productivity is associated with the process improvement? (Points : 30)<br />
2. (TCOs 3 & 6) If instantaneous replenishment is assumed when given the same demand, setup/ordering costs, and<br />
carrying costs, then the EOQ calculated using incremental replenishment will be _____.<br />
Illustrate using a numeric example. (Points : 30)
What is the optimal production size?<br />
3. (TCO 2) For the product tree below, how many Cs are needed if 17 Ps are needed and on-hand inventory consists<br />
of 10 As, 15 Bs, 20 Cs, 12 Ms, and 5 Ns? Show your work.<br />
(Points : 30)<br />
4. (TCOs 4, 5, & 6) Given the tree below, develop a material requirements plan for end-item P and its components.<br />
Assume that all lead times are one week and that lot-for-lot ordering is used, except for Item F, which is ordered in<br />
multiples of 400 units.<br />
6. (TCOs 11, 12, 13, & 14) A small business owner is contemplating the addition of another product line. Capacity<br />
increases, and equipment will result in an increase in annual fixed costs of $50,000. Variable costs will be $25 per unit.<br />
What unit selling price must the owner obtain to break even on a volume of 2,500 units a year?<br />
B) Because of market conditions, the owner feels a revenue of $47 is preferred to the value determined in part A. What<br />
volume of output will be required to achieve a profit of $16,000 using this revenue?(Points : 30)<br />
5. (TCOs 5, 7, & 9) Explain the advantages and disadvantages of frequent deliveries of small shipments.(Points : 25)<br />
7. (TCOs 10, 15,& 16) Compare and contrast kanban and CONWIP. (Points : 20)<br />
8. (TCOs 8 & 9) MPS planners use what is referred to as time fences? What are they, and why are they used? (Points<br />
: 20)