T/F: Time-series Model uses Past Data Points to Make Forecast.
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
Asks about definition of Time Series Model.
Asks about definition of Time Series Model.
Is this a Flexible Manufacturing System?
Asks what the 3r’s are…
Wants to know what is responding quickly with little penalty in time, cost known as
Solves any basic EOQ (Economic Order Quantity) problem. WARNING! Make sure that both DEMAND and the HOLDING COST are both expressed as ANNUAL. If one of them is not annual, convert to an annual value for the solver input. Note: the letter S = order cost. The cost-minimizing quantity is the “number to order each time”. Also provides average inventory and number of orders each year.
Your numbers will vary.
Asking if Competitive Advantage is creating a unique advantage over competitors.
Asks for Kanban formula
MATCH the company to the strategy as examples of differentiation, cost leadership, and response.
Asks for the two most common measures used to measure supply chain performance
Asks the name of the theory where another firm should perform the work if more productive