OPS 571 Week 3 Quiz (February 2014 Updated)

·  1

Which of the following is an input to the master production schedule (MPS)? 

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Correct

·  2

What is the important starting point in developing a capacity plan?

Correct

·  3

Which of the following is an essential resource that flows through a hospital supply chain? 

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·  4

The text mentions several common approaches to use when developing a strategy to close a capacity gap (where utilization of a resource exceeds capacity available). Which of the following is among the common approaches mentioned? 

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Closing a related department

Correct

·  5

What is another name for the fixed-order quantity inventory model? 

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Correct

·  6

What is the effect of the lack of synchronization among supply-chain members?

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Metcalf's Law

Incorrect

·  7

In conducting aggregate operations planning there are a number of required inputs. Which of the following are inputs considered most external to the firm? 

Correct

·  8

In business forecasting, what is usually considered a short-term time period? 

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Correct

·  9

Which of the following is an input file necessary to run an MRP system?

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Exception report

Correct

·  10

Which of the following is an input file necessary to run an MRP program?

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Correct

·  11

Which of the following is one of the categories of manufacturing inventory? 

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Correct

·  12

Which of the following is most closely related to the reason a firm might implement MRP? 

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Correct

·  13

In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand? 

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Correct

·  14

Which is the most challenging kind of supply chain to manage according to Hau Lee? 

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Correct

·  15

Which of the following is considered a pure production planning strategy? 

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Correct

·  16

Which of the following is a perpetual system for inventory management?

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Correct

·  17

Which of the following is an input to the master production schedule? 

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·  18

The main purpose of aggregate operations planning is to specify the optimal combination of which of the following? 

Correct

·  19

Which of the following is one of the main purposes of a MRP system? 

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Correct

·  20

When considering outsourcing, what should firms tend to avert? 

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·  21

Which of the following forecasting methods is very dependent on selection of the right individuals who will judgmentally be used to actually generate the forecast? 

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