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BSOP 334 Week 8 Final Exam Page 1 1. (TCO 1) Which of the following functions

BSOP 334 Week 8 Final Exam Page 1 1. (TCO 1) Which of the following functions

BSOP 334 Week 8 Final Exam

Page 1

1. (TCO 1) Which of the following functions involves
budgeting, analysis of investment proposals, and provision of funds?

2. (TCO 1) Transformation includes all of the following,
except

3. (TCO 1) Which of the following is providing new
opportunities for productivity improvements?

4. (TCOs 3 & 6) In an effort to reduce inventory, which
of the following interactions with vendors would potentially be helpful?

5. (TCOs 3 & 6) Which of the following costs related to
order size is nonlinear?

6. (TCO 2) Which of the following is a computer-based
information system designed to handle ordering and scheduling of dependent-demand
inventories?

7. (TCO 2) Net material requirements can be described as

8. (TCO 2) When an MRP system is periodically updated to
account for all changes that have occurred within a given time interval, the
process is called

9. (TCOs 4, 5, & 6) How does a net-change system work?

10. (TCOs 4, 5, & 6) The MRP approach that is used for
components or subassemblies to compensate for variations in lead times is
called

11. (TCOs 4, 5, & 6) A lead time service level of 90
percent implies which of the following?

12. (TCOs 5, 7, & 9) The dynamic store of information on
the status of each item by time period (e.g., scheduled receipts, lead time,
lot size), which is an input to the MRP, is the

13. (TCOs 5, 7, & 9) What will be the quantity of the
first planned receipt if net requirements for component J are as follows: 60
units in Week 2, 40 units in Week 3, and 60 units in Week 5? A fixed-period,
two-period lot-sizing method is used.

14. (TCO 11, 12, 13, & 14) Given a product mix,
scheduling difficulties, quality factors, and so on, the maximum expected
output is

15. (TCOs 11, 12, 13, & 14) Given the following
information, calculate the efficiency.
Effective capacity = 50 units per day
Design capacity = 100 units per day
Actual output = 30 units per day
16. (TCOs 10, 15, & 16) In an assignment method problem,
it takes Abe 3 hours to build a birdhouse and 4 hours for a doghouse, while
Betty takes 4 hours for a birdhouse and 3 hours for a doghouse. What is the
reduced cost (in hours) of assigning Abe to build the doghouse?

17. (TCOs 10, 15, & 16) The matrix below shows relative
costs for various job-machine combinations. Which set of pairs constitutes the
minimum cost solution using the assignment method?

Page 2

1. (TCO 1) A company has found that introducing one
additional worker enables a process improvement that reduces processing time
for each unit so that output is increased by 25% with less material. Under the
old process, five workers could produce 60 units per hour. Labor costs are
$12/hour, and material input was previously $16/unit. For the new process,
material is now $10/unit. Overhead is charged at 1.6 times direct labor cost.
Finished units sell for $31 each. What increase in productivity is associated with
the process improvement?

2. (TCOs 3 & 6) If instantaneous replenishment is
assumed when given the same demand, setup/ordering costs, and carrying costs,
then the EOQ calculated using incremental replenishment will be _____.
Illustrate using a numeric example.

3. (TCO 2) For the product tree below, how many Cs are
needed if 17 Ps are needed and on-hand inventory consists of 10 As, 15 Bs, 20
Cs, 12 Ms, and 5 Ns? Show your work.

4. (TCOs 4, 5, & 6) Given the tree below, develop a
material requirements plan for end-item P and its components. Assume that all
lead times are one week and that lot-for-lot ordering is used, except for Item
F, which is ordered in multiples of 400 units.

5. (TCOs 5, 7, & 9) Explain the advantages and
disadvantages of frequent deliveries of small shipments.

6. (TCOs 11, 12, 13, & 14) A small business owner is
contemplating the addition of another product line. Capacity increases, and
equipment will result in an increase in annual fixed costs of $50,000. Variable
costs will be $25 per unit. What unit selling price must the owner obtain to
break even on a volume of 2,500 units a year?

7. (TCOs 10, 15,& 16) Compare and contrast kanban and
CONWIP.

8. (TCOs 8 & 9) MPS planners use what is referred to as
time fences? What are they, and why are they used?BSOP 334 Week 8 Final ExamPage 11. (TCO 1) Which of the following functions involves
budgeting, analysis of investment proposals, and provision of funds?2. (TCO 1) Transformation includes all of the following,
except3. (TCO 1) Which of the following is providing new
opportunities for productivity improvements?4. (TCOs 3 & 6) In an effort to reduce inventory, which
of the following interactions with vendors would potentially be helpful?5. (TCOs 3 & 6) Which of the following costs related to
order size is nonlinear?6. (TCO 2) Which of the following is a computer-based
information system designed to handle ordering and scheduling of dependent-demand
inventories?7. (TCO 2) Net material requirements can be described as8. (TCO 2) When an MRP system is periodically updated to
account for all changes that have occurred within a given time interval, the
process is called9. (TCOs 4, 5, & 6) How does a net-change system work?10. (TCOs 4, 5, & 6) The MRP approach that is used for
components or subassemblies to compensate for variations in lead times is
called11. (TCOs 4, 5, & 6) A lead time service level of 90
percent implies which of the following?12. (TCOs 5, 7, & 9) The dynamic store of information on
the status of each item by time period (e.g., scheduled receipts, lead time,
lot size), which is an input to the MRP, is the13. (TCOs 5, 7, & 9) What will be the quantity of the
first planned receipt if net requirements for component J are as follows: 60
units in Week 2, 40 units in Week 3, and 60 units in Week 5? A fixed-period,
two-period lot-sizing method is used.14. (TCO 11, 12, 13, & 14) Given a product mix,
scheduling difficulties, quality factors, and so on, the maximum expected
output is15. (TCOs 11, 12, 13, & 14) Given the following
information, calculate the efficiency.Effective capacity = 50 units per dayDesign capacity = 100 units per dayActual output = 30 units per day16. (TCOs 10, 15, & 16) In an assignment method problem,
it takes Abe 3 hours to build a birdhouse and 4 hours for a doghouse, while
Betty takes 4 hours for a birdhouse and 3 hours for a doghouse. What is the
reduced cost (in hours) of assigning Abe to build the doghouse?17. (TCOs 10, 15, & 16) The matrix below shows relative
costs for various job-machine combinations. Which set of pairs constitutes the
minimum cost solution using the assignment method?Page 21. (TCO 1) A company has found that introducing one
additional worker enables a process improvement that reduces processing time
for each unit so that output is increased by 25% with less material. Under the
old process, five workers could produce 60 units per hour. Labor costs are
$12/hour, and material input was previously $16/unit. For the new process,
material is now $10/unit. Overhead is charged at 1.6 times direct labor cost.
Finished units sell for $31 each. What increase in productivity is associated with
the process improvement?2. (TCOs 3 & 6) If instantaneous replenishment is
assumed when given the same demand, setup/ordering costs, and carrying costs,
then the EOQ calculated using incremental replenishment will be _____.
Illustrate using a numeric example.3. (TCO 2) For the product tree below, how many Cs are
needed if 17 Ps are needed and on-hand inventory consists of 10 As, 15 Bs, 20
Cs, 12 Ms, and 5 Ns? Show your work.4. (TCOs 4, 5, & 6) Given the tree below, develop a
material requirements plan for end-item P and its components. Assume that all
lead times are one week and that lot-for-lot ordering is used, except for Item
F, which is ordered in multiples of 400 units.5. (TCOs 5, 7, & 9) Explain the advantages and
disadvantages of frequent deliveries of small shipments.6. (TCOs 11, 12, 13, & 14) A small business owner is
contemplating the addition of another product line. Capacity increases, and
equipment will result in an increase in annual fixed costs of $50,000. Variable
costs will be $25 per unit. What unit selling price must the owner obtain to
break even on a volume of 2,500 units a year?7. (TCOs 10, 15,& 16) Compare and contrast kanban and
CONWIP.8. (TCOs 8 & 9) MPS planners use what is referred to as
time fences? What are they, and why are they used?

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