(TCO 5) What is the forecast for May, based on a weighted
moving average applied to the following past-demand data and using the
weights of 3, 2, and 1 (largest weight is for most recent data)?
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
91
140
98
110
123
101
Student Answer:
44.1
110.7
108.8
109.83
Instructor
Explanation:
W/M/A = [(3 x 101) + (2 x 123) + (1 x 110)]/6 = [303 + 246 +
110]/6 = 659/6 = 109.83 (See Formula 4-2 & example that follows,
Chapter 4, pages 137-139)
Points Received:
0 of 3
Comments:
2.
Question :
(TCO 5) In May, the actual product demand was 195 units. For
this month, 200 units had been forecasted. Using exponential smoothing
with an alpha of 0.3, determine the June forecast.
Points Received:
3 of 3
Comments:
3.
Question :
(TCO 5) Weekly sales of 10-grain bread at the local Whole
Foods Market are in the table below. Based on this data, forecast Week 9
using a 3-week moving average.
Week
Demand
1
415
2
389
3
420
4
382
5
410
6
432
7
380
8
420
Student Answer:
407.3
422.8
380.22
410.66
Instructor
Explanation:
Points Received:
3 of 3
Comments:
4.
Question :
(TCO 7) Which of the following helps operations managers
focus on the trivial few and the critical many?
Student Answer:
Value analysis
Value engineering
Financial analysis
Product-by-value
analysis
None of the above
Instructor
Explanation:
Chapter 5, page 156
Points Received:
0 of 3
Comments:
5.
Question :
(TCO 7) Which of the following moments of truth exemplifies
the customer's standard expectations?
Student Answer:
Your advisor made
you wait, even though you had an appointment.
You had to visit
once to reach your academic advisor.
Your advisor was
competent, helpful, and understanding.
Your advisor
failed to keep his or her appointment with you
Instructor
Explanation:
Figure 5.13, Chapter 5, page 175
Points Received:
0 of 3
Comments:
6.
Question :
(TCO 7) Forecasts are usually classified by time horizon
into three categories. What are they?
Student Answer:
=
Short-range,
medium-short, and long-range
Finance/accounting,
marketing, and operations
Strategic,
tactical, and operational
Exponential
smoothing, regression, and time series
Long-range,
medium-range, and short-range
Instructor
Explanation:
Chapter 3, page 104
Points Received:
0 of 3
Comments:
7.
Question :
(TCO 7) Which of the following does not make products more
environmentally friendly?
Student Answer:
Using less
materials
Less recycled
materials
Using less energy
Ability to recycle
product
All of the above
Instructor
Explanation:
Chapter 5, page 166
Points Received:
0 of 3
Comments:
8.
Question :
(TCO 7) Reducing costs by using existing or standard
components is part of _____.
Student Answer:
specialized
components on each project
putting each
product into a separate group
increasing raw
material purchases
the ability to recycle
product
group technology
Instructor
Explanation:
Chapter 5, page 172
Points Received:
3 of 3
Comments:
9.
Question :
(TCO 5) What is the fundamental difference between cycles
and seasonality?
Student Answer:
How often the
patterns are changed
Magnitude of the
variation
Ability to
attribute the pattern to a cause
All of the above
None of the above
Instructor
Explanation:
Chapter 4, page 108
Points Received:
0 of 3
Comments:
10.
Question :
(TCO 6) Which of these statements best describes
computer-aided design (CAD)?
Student Answer:
It is the
interactive use of computers to design a product and prepare engineering
documentation.
The use of special
computer programs to direct and control manufacturing equipment.
It is the ability
to depict objects in three-dimensional form.
It is a visual
form of communication in which images substitute for the real thing.
Instructor
Explanation:
Chapter 5, page 164
Points Received:
0 of 3
Comments:
Page:
12
*
Times are displayed in (GMT-07:00) Mountain Time (US & Canada)
Continue
part 2
1.
Question :
(TCO 7) Identify the specific guidelines that can help an
operations manager achieve environmentally friendly designs.
Student Answer:
Instructor
Explanation:
Points Received:
0 of 6
Comments:
Read page 167
2.
Question :
(TCO 7) List the five advantages of successful
implementation of group technology.
Student Answer:
Instructor
Explanation:
Points Received:
6 of 6
Comments:
3.
Question :
(TCO 5) Describe the differences between moving averages and
exponential smoothing.
Points Received:
6 of 6
Comments:
4.
Question :
(TCO 5) Describe the three forecasting time horizons and
identify the benefits of using each.
Student Answer:
Instructor
Explanation:
Points Received:
6 of 6
Comments:
5.
Question :
(TCO 6) What are the differences between value analysis and
value engineering?
Student Answer:
Instructor
Explanation:
Points Received:
6 of 6
Comments:
Page:
12
* Times are displayed in (GMT-07:00) Mountain Time (US &
Canada)
Solution: general business data bank