In an A-B-C system, B items typically represenMCQ 90% Setup costs are analogous to which one of thesMCQ Shortage If a decrease in unit price causes the average demand MCQ rate The to EOQ increase, which one of these would not increase? Inventory carried for the purpose of providing MCQ Seasonal Inventory The best strategy of minimizing the amount of MCQ s Minimizing the Uncertainty inheren If EOQ = 360 units, order costs are $5 per ord MCQ 129600 EOQ is the order quantity that over our planning horizon MCQ Minimizing the total ordering cost Which of the following relationships hold trueMCQ the greater the risk of running out o __________ is the time that elapses between isMCQ Gap Time To get the most profit a company should MCQ Provide little customer service Inventory not only makes up a portion of the coMCQ WIP Setup costs are similar to which costs? MCQ Shortage Which one of the following is a true statemen MCQ The two are always equal at the EOQ In the quantity-discount model, if the total cos MCQ holding costs are constant per unit. If both the lead time and the daily demand are MCQ Expected demand minus safety stoc A civil engineering project manager would typMCQ Make for stock What system helps make calculations regardinMCQ MRP I Manufacturing resource planning expanded outMCQ 1990 Three inputs for every MRP system are: MCQ Bill of Materials, sales forecast, sal The outputs of a MRP II system are MCQ Capacity requirement plans / stock q Predictive maintenance involves MCQ Performing maintenance activities i Which type of maintenance is not directly incl MCQ Preventive What does the term kaizen mean when appliedMCQ Continuous improvement Which type of control chart should be used whMCQ R chart One type of control chart for attributes is a MCQ R chart C-charts are based on the MCQ Normal distribution If a sample of parts is measured and the mean MCQ The process is in control, but not c Process capability MCQ cannot be measured The object of a statistical process control (SPCMCQ provide a signal when natural variat The R-chart MCQ is always in control if the X-bar char In acceptance sampling, the producer's risk is MCQ bad lot rejected A customer service hotline has received an aveMCQ R chart Which is the best statement regarding an operaMCQ As the fraction defective decreases, An x-bar chart is best suited for this type of daMCQ Variable The main task of quality control is to MCQ Distinguish assignable from random Specifications are limits established by MCQ statistical limits Which type of variation occurs when a processMCQ Random Process capability calculations take into acco MCQ Process standard deviation What type of control chart would be used to mo MCQ R chart The task of exercising control over the incomi MCQ Acceptance sampling Option1Mark Option2 Option2Mark
Answer 1 Mark Answer 2 Answer 2 Mark
0 70% 0 0 Holding 0 0 Lead Time 1 0 Cycle Inventory 0 1 Minimizing the cycle service level 0 0 2592 1 0 Minimizing the total carrying cost 0 0 the larger the opportunity cost of the fu 0 0 Lead Time 1 0 Provide the lowest inventory investment 0 1 finished goods 0 0 Carrying 0 1 Holding cost is sometimes equal to orde 0 0 ordering costs are constant 1 0 Safety stock 0 0 Resource to stock 1 0 MRP II 1 0 1980 1 0 Master Production Schedule, Bill of Mate 0 0 Sales order priorities / Bills of Materia 0 1 Performing maintenance on a regular, p 0 0 Breakdown 0 1 Maintain a steady flow 0 0 np chart 0 0 np chart 0 0 Poisson distribution 1 0 The process variance must also be in co 0 0 exists when CPK is less than 1.0 0 0 assess the customer expectations 0 0 is used to indicate gains or losses in un 1 0 good lot accepted 0 0 X bar chart 0 0 As the fraction defective increases, the 0 1 Attribute 0 0 Distinguish process variability from pro 0 0 The inherent process variability 0 1 Attribute 0 0 Process dispersion 1 0 np chart 0 1 Process control 0 Option3 Option3Mark Option4 Option4Mark
Answer 3 Answer 3 Mark Answer 4 Answer 4 Mark
30% 1 50% 0 Excess 0 Ordering 1 ROP 0 Safety stock 0 Safety Inventory 0 None of Above 1 Reducing the Supply lead time 0 Minimizing the Uncertainty inher 0 25920 0 18720 0 Minimizes total inventory costs 1 the required safety stock 0 the greater the uncertainty associa 0 higher the profit margin per unit, 1 Idle Time 0 Replenishment Time 0 More investment in Production 0 Provide the highest distribution co 1 Raw material 0 None of the above 0 Ordering 1 Holding 0 Holding cost is sometimes equal to 0 Holding cost is always greater tha 0 holding costs are a percentage of u 0 ordering and setup costs are equal 0 Expected demand plus safety stock 0 Daily demand times lead time 1 Make to order 0 Resource to order 0 Production Plan 0 Material scheduling 0 1970 0 1960 0 Stock on hand, Master Production 1 Sales forecast, delivery costs, cap 0 Stock quantities / Bills of Materia 1 Master Production Schedule / capa 0 Determining the best time to perf 0 None of these 0 Predictive 1 None of these 0 Quality is every ones job 0 Mutual dependence 0 P chart 0 C chart 1 P chart 1 C chart 0 Binomial distribution 0 Eriang distribution 0 The process is within the establish 0 the process is out of control and t 1 means that the natural variation o 1 exists when the process is perfect 0 provide a signal when assignable v 1 eliminate natural variation 0 generally uses control limits set a 0 is used to measure changes in the 0 bad lot accepted 0 good lot rejected 1 P chart 0 C chart 1 As the AQL decreases, the producer 1 As the lot tolerance percent defec 0 P chart 0 C chart 0 Ensure specifications are reliable 1 Control limits 0 The natural variability of a proces 0 customer requirements 1 Assignable 0 Sampling 0 Specifications 0 Control limits 0 P chart 0 C chart 1 Quality control 0 All of the above 0 CorrectAnswer Marks Right Answer ( 1 to 5) Option3 1 Option4 1 Option2 1 Option4 1 Option1 1 Option2 1 Option3 1 Option4 1 Option2 1 Option4 1 Option1 1 Option3 1 Option1 1 Option2 1 Option4 1 Option2 1 Option2 1 Option2 1 Option3 1 Option3 1 Option1 1 Option3 1 Option1 1 Option4 1 Option3 1 Option2 1 Option4 1 Option3 1 Option3 1 Option2 1 Option4 1 Option4 1 Option3 1 Option1 1 Option3 1 Option4 1 Option1 1 Option2 1 Option4 1 Option1 1