110912022, 00:11 Your Results for: Site Your Results for “Tue/False” 'True/ False" Print this page: Introduction to Operations and Supply Chain Summary of Results Management, 3e (International edition) Book Title: Introduction to Operations and Supply Chain Management, 3/e (International Edition) 50% Correct of 10 Scored items: 5 correct: EEE 50% 5 Incorrect: II 50% Book Author: Bozarth Location on Si : Chapter 6: Managing Capacity > Online More information about scori Study Guide > True/False Date/Time August 31, 2022 at 6:41 PM (UTC/GMT) Submitted: 1 ED A company’s theoretical capacity is 250 units per day. We would expect its rated capacity to be lower than 250 units per day, Your Answer: True CORRECT. 2. LEED ta business owner feels that business will increase for some time, it is appropriate for that business to adopt a lag capacity strategy. Your Answer: True Correct Answer: False INCORRECT, A lag capacity strategy adds capacity only after demand has materialized. 3. GEEEEEERND A decision maker has estimated three different levels of revenue for a new service that is scheduled to begin next year. The marketing department has calculated the probability of each of the three levels of revenue. The decision maker applies the expected value formula and discovers that the expected value is not equal to any of his estimates. "No cause for alarm," he bellows as he submits his report to the CEO, "this result is common when expected value is calculated. ‘The decision maker is correct. Your Answer: True CORRECT. 4, EELEEEND For most businesses, utilities are variable costs. Your Answer: True CORRECT. 5. QEEREEEEED A decision tree is a graphical technique that allows a decision-maker to select the best outcome point. soned.co.uklema_je_bozarth_intopseman_9/229157299/14667115.cwindex html 118‘o1ros/2022, 00:11 Your Results for “True/False Your Answer Correct Answer: False INCORRECT, The decision-maker is selecting the best alternative; outcome points are different possible futures. 6. QEEEEEED The higher the fixed cost the lower the variable cost Your Answer: True Correct Answer: False INCORRECT. Higher fixed costs do not necessarily imply lower variable costs, 7. GEER An eighty percent learning curve means that the time it takes to perform a task drops by twenty percent each time the cumulative output doubles, Your Answer: True CORRECT. 8. CATEEEEB A process has three steps, Step A can process 20 units per hour, Step B can process 30 units per hour, and Step © can process 40 units per hour. The flow through the entire system is the average flow achieved by the three steps, 30 units per hour. Your Answers True ‘Correct Answer: False INCORRECT, The Theory of Constraints informs us that the entire system will be governed by the slowest step. In this case, the bottleneck (Step A) will dictate a system flow of only 20 units per hour 9, QEEEEEEEB A customer arrives at your haberdashery every fifteen minutes, You can assist customers at the rate of twelve customers per hour You are busy with customers about eighty percent of the time Your Answer: True Correct Answer: False INCORRECT, Utilization is calculated as the arrival rate divided by the service rate. In this case, the arrival rate ts four customers per hour (ithey arrive every 15 minutes, divide 60 minutes per hour by the 15) and the service rate is given as twelve customers per hour The correct utilization is thirty-three percent 10, GEXEEIEEI Eighty man students are admitted each year and take an average of 18 months to hitps:lwps.pearsoned.co.uklema_je_bozarth_intopscman_9/229157293/14667115.cwindex html complete their degrees. Because the student selection process is so rigorous, everyone that applies and is admitted to the program manages to complete their degree. On. average, there are 120 students in the program.‘o1ros/2022, 00:11 Your Results for “TrusFalse" Your Answer: True CORRECT. E-mail Your Results My name is (fist last): E-mail my results to: D me Text v D instructor Text v Om Text v D other Text v Copyright © 1995-2013 Pearson Education, All rights reserved. ‘Legal and Privacy Notice hitps:lwps.pearsoned.co.uklema_je_bozarth_intopscman_9/229157293/14667115.cwindex html