Tuesday February 16th , 2021.

PRODUCTIVE RESOURCES MANAGEMENT

First partial exam LAE 222 – 2 *

Name:_ Mariana Del Rosario Romero Gonzalez __. ID: _3384601_.

1. Means doing something at the lowest possible cost but with the lowest resources:

a. supply chain management

b. effectiveness answer: _efficiency_
c. efficiency.
d. productivity.

2. We have a supplier that insists that we buy 1,000 units of an item at a time. The lead time
is very short so We can pick up another 1,000 units when we run out of material. If We
decide to carry 25 units of safety stock for the item, so We implement this by going to our
supplier when we had 25 units left , How much inventory would You expect to have on
average, during a period of a year?
a. 1025
b. 525
c. 1510 a: _525__
d. 550
e. 505

3. Productivity decrease when :

A. Maintain inputs equal and decrease outputs.
B. Decrease all inputs and outputs proportionally.
C. Increase all inputs and outputs proportionally. a. D. reduce inputs and keep the …..____
D. Reduce inputs and keep the same all outputs.
E. None of the previous answers are correct.

4. Which of the Divisions of a corporate is more productive?

Inputs Outputs profit %

A. Division A 43 38 12.0
B. Division B 28 27 8.6
C. Division C 59 57 9.7 Answer: _Division E__
D. Division D 260 240 10.8

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E. Division E 120 119 11.0

5. Based on an EOQ-type ordering criterion, what cost must be taken to zero if the desire is
to have an order quantity of a single unit?
.
a.- total cost
b.- holding cost
c.- annual cost a:__setup cost____
d.- setup cost
e.- inventory cost

6. Which of the transformation processes in Operations Management is more typical and more
common in a Hospital?

A. physical
B. Locational
C. exchange answer:___physiological ___
D. physiological
E. storage

7. This is an inventory auditing technique where inventory levels are checked more frequently
than one time a year:

a. Inventory classification A, B, C.
b. Annual Inventory.
c. Cycle counting a:_Cycle counting__
d. One tank inventory
e. Miscellaneous method

8. How do you describe the Price – Break model when you are talking about Inventory
Models:
____ It is the same formula as EOQ, This formula helps us when we want to know which
order would generate the lowest cost or want reduce inventory costs __________
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9. What is the monthly standard deviation for a product if the daily standard deviation is 85
units?

a. 85 units
b. 469 units
c. 340 units answer:_176 units __
d. 176 units
e. 135 units

10. Items purchased from a vendor cost $25 each, and the forecast for next year’s demand is
3000 units. If it costs $7 every time an order is placed for more units, the lead time is 1.5
weeks and the storage cost is $5 per unit per year. What quantity should be ordered each
time??? And what is the reorder point???

___The quantity should be ordered each time have to be 92 units because the formula
gives this result Qopt= √2(3,000)(7)/5 = 91.6 units and the reorder point have to be 5 units
because the formula goes d = 3000/365 = 8.21 units/day Reorder point = 8.21/1.5 weeks =
5.47 units __________ ___________________________________________
________________________________________________________________________
_________________________

11. A U.S. manufacturing Company operating a subsidiary in a LDC (less-developed

country) shows the following results:
U.S. LDC

Sales (units) 100,000 50,000

Labor (hours) 20,000 15,000
Raw materials (currency) $20,000 FC 20,000
Capital equipment (hours) 60,000 5,000

a). Calculate partial labor and capital productivity figures for the parent and subsidiary.

U.S.
Labor productivity: 100,000 units /20,000 hours = 5 points of productivity
Capital productivity: 100,000 units /60,000 hours = 1.67 points of productivity

LDC
Labor productivity: 50,000 units/15,000 hours = 3.33 points of productivity
Capital productivity: 50,000 units/5,000 hours= 10 points of productivity

b). Compute the multifactor productivity figure for labor and capital together. Do the
results make more sense????

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 U.S.
Labor and capital productivity:100,000 units /20,000 hours +60,000 hours = 1.25 points of
productivity

LDC
Labor and capital productivity:50,000 units/15,000 hours+5,000 hours = 2.5 points of
productivity

c). Calculate raw material productivity figures (units/$ where $1 = FC 13). Explain why
these figures might be greater in the subsidiary.
U.S.
Raw material productivity: 100,000 units /$20,000 currency = 5 points of productivity

LDC
Raw material productivity: 50,000 units /$2,000 currency = 25 points of productivity

I think is better because de units produced and the currency that is inputs are more low
than U.S currency
12. What are the three more important operations and supply chain competitive dimensions?,
since your point of view:

For me the delivery Reliability, cost or price and the quality, I believe that with these three
we trend the bases to compete, with reliability they would never have problems about the
function of the product and thus we would maintain a good image with the price or cost
and the quality we would maintain the main thing to have good quality with a good price

SPACE FOR FURTHER ANSWERS:-

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