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Ashford
Operations management & quantitative techniques
week 4
BUS 307 Week 4 Quiz

BUS 307 Week 4 Quiz

Short description

1.Sales and operations planning indicates how the organization will use its tactical capacity resources to meet expected customer demand.   2.Available to promise inventory is always zero for the first week in the master schedule record.   3.A company that orders at their economic order quantity has an annual ordering cost that is half of their total cost.   4.Sales and operations planning must consider:   5.Last month a firm made 100 model A's using all of their available labor. If they have already taken orders for 150 model A's for next month, then their planning value must be 1.5.   6.Given the forecast and booked orders shown in the table, and a beginning inventory of 25, what is the master production schedule quantity for period 4? 
Period 
1 2 3 4 
Forecasted 
Demand
 70 65 60 55 
Booked 
Orders 
80 50 30 10 
Projected ending inventory 
Master production schedule 
55 
Available to 
Promise 
0   7.In order for the economic order quantity model to work, demand must be known and constant.   8.A hospital’s biomedical repair shop uses a 4-week periodic system to maintain the inventory on the blood pressure cuff repair parts. They use an average 40 adult arm cuffs with a standard deviation of 6 cuffs every four weeks. Cuffs aren’t the most critical item they carry, but the manager would like to avoid the embarrassment of a stockout at least 95% of the time. What should their restocking level be?
   9. Question : Which of the following statements regarding master production scheduling calculations is best?   10. Question : This graph of expected sales level and expected output shows:

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