Quiz
Ch 5, 8, 12
Questions in this quiz (78)
1Which decision making application involves fixed and variable costs?
- AFactor Analysis
- BBreak even analysis
- CNPV analysis
- DRegression analysis
2How many decision alternatives are there in a standard decision table for a problem involving 3 states of nature and 15 payoffs?
- A3
- B5
- C18
- Dnone of the others
3what is the crash slope for a task with normal time of 10 days, a crash time of 5 days, a normal cost of $1000 and a crash cost of $2000?
- A1000/day
- B200/day
- C400/day
- D0/day
4Which project management model is used for time reduction applications?
- ACrashing
- BRegression
- CSlack
- DPERT-Cost
5Which one of the following multiple time distributions are skewed left?
- A3, 4, 8
- B2, 2, 2
- C5, 8, 9
- D4, 6, 8
6The output distribution for a multiple time estimate project is assumed to be?
- ABeta
- BNormal
- CConstant
- DUniform
7In an AOA network the nodes represent?
- AEvents
- BActivities
- CDown time
- DSlack
8In a beta distribution the most likely time is?
- ACloser to the most pessimistic time
- BCloser to the most optimistic time
- CEqual to the expected time
- DNone of the above
9Which variance should be used with a project with multiple critical paths?
- AThe smallest variance
- BThe largest variance
- CThe sum of all variances
- DThe average variance
10 In crashing analysis the crashing cost function is assumed to be?
- A Non-linear
- BUniform
- CLinear
- DNormal
11Which one of the following multiple time estimates is normally distributed?
- A1,5,9
- B3,3,3
- C2,3,11
- DNone of the above
12Slack is defined as?
- ALF – LS
- BNormal time – crash time
- CLS – ES
- DLS - EF
13Crash time is defined as the?
- AMinimum time required for a task
- BMaximum time required for a task
- CAverage slack time
- DNormal time – slack time
14which project mgmt system was developed by dupont in 1957?
- ACPM
- BGantt Chart
- CDecision Tree
- DPERT
15generally slack mgmt involves the administration of?
- AFundraising
- Bnon critical path activities
- Ccritical path activities
- Dtask definitions
16in crashing, which activities are generally selected first?
- Aaverage cost
- Bhighest cost
- Cnon critical
- Dlowest cost
17the distribution of a project task with the time estimate 7,11,19 is?
- Askewed left
- Bnormally distributed
- Cuniformly distributed
- Dskewed right
18which DSS is used for determining the optimal minimum cost crashing schedule?
- ANPV
- Bnone of the others
- Cdecision trees
- Dforecasting
19which graph shows the sequencing of tasks over time?
- Aflow chart
- Bdecision tree
- Chistogram
- Dgantt chart
20an activity with a slack of zero is called a _______ activity
- Anone of the others
- Bcritical
- Cearliest start
- Dcompleted
21which one of the following multiple time estimates will have an expected time equal to the most likely time?
- A7, 10, 12
- B4, 6, 8
- C3,4,8
- D2,5,11
22the output expected time distribution for a multiple time estimate project is assumed to be
- Abeta
- Buniform
- Cnormal
- Dconstant
23which analytical process is used to determine the optimal way to reduce overall project time?
- APERT cost
- Bcrashing
- Cslack management
- DPERT
24which one of the following statements about gantt charts is true?
- Ashows the scheduling of individual projects over time
- Bevolved from the PERT chart
- CDeveloped during WW2
- Dshows a plot of budget over time
25Slack is equal to?
- ALST-LFT
- BEST-LST
- CLST-EST
- DEST+LST
26which one of the following statements best describes the critical path?
- Athe sequence of tasks that takes the shortest time to complete
- Bthe set of tasks that have more than one predecessor
- Cthe sequence of tasks that takes the longest time to complete
- Dthe set of tasks that has the lowest total costs
27PERT and CRM analysis are used for assessing the?
- Acritical project tasks
- Bshortest time in which a project can be completed
- Call of the others
- Dresources needed to complete a project
28The primary purpose of supply chain management is to?
- ALink customers
- BCreate exclusive suppliers
- CReduce inventory
- DSynchronize supplier operations
29Which one of the following is an input supplier selection using factor analysis?
- AFactor weights
- BSupplier characteristics
- CSuppliers
- Dall others
30Which one is not a supply chain operations to financial link?
- APercentage defects – Liabilities
- BInventory turns – Working capital
- CProduct development time - Revenue
- DInventory – Current assets
31A responsive supply chain matches best with?
- APredictable demand
- BHigh product variability
- COn time delivery
- DLow inventory levels
32Which statement about purchasing role is best?
- AFocus on delivery dates
- BSatisfy long term supply needs
- CConcentrate on tracking orders
- DFocus on price negotiations
33In improving supply chain effectiveness a firm should never?
- AImplement backward VI
- BImplement forward VI
- CGo beyond 1st tier suppliers
- DNone of the above
34Which one of the following DSSs is most likely used in supplier selection?
- ANet present value
- BAggregate planning
- CFactor analysis
- DDecision trees
35A key step in designing a supply chain consists of linking the internal chain to?
- ASuppliers and customers
- BSuppliers only
- CCustomers only
- DKey suppliers and customers
36The metric inventory turns is defined as?
- AInventory value divided by annual sales
- BInventory multiplied by sales
- CAnnual sales divided by inventory value
- DEnding monthly inventory
37In the Bullwhip phenomena variability ___________ as you move up the supply chain?
- AIncreases
- BDecreases
- CRemains constant
- Dnone of the others
38An efficient supply chain is best associated with?
- AHigh product/service costs
- BStable products/services
- CHigh inventories
- DFrequent product/service design changes
39Which one of the following is not a step in the acquisition process?
- AForecast requirements
- BSelect suppliers
- CTrack orders
- Dnone of others
40EDI stands for?
- AEducational decision institute
- BElectronic decision interchange
- CElectronic data interchange
- DElectronic data institute
41Which one of the following is a supply chain performance metric?
- AInformation flow lead-time
- BAll of the others
- CAmount spent of premium freight
- DUnplanned changeovers
42An efficient supply chain would be characterized by?
- AProduct flow
- BLow capacity cushions
- CHigh inventory turns
- DAll of the others
43A firm with a responsive supply chain would best be characterized by?
- AProduct focus
- BLow capacity cushions
- CProcess focus
- DLong delivery times
44Which one of the following is a supply chain performance metric?
- AUnplanned changeovers
- BAll of the others
- CInformation flow lead-time
- DAmount spent of premium freight
45What is the value of inventory for a firm with an inventory turn of 10 and annual cost of sales of $500 million?
- A$10 million
- BNone of the others
- C$50 million
- D$100 million
46What are the number of weeks of supply associated with a firm with a cost of sales of $200 and an inventory value of $20 million assuming a 50 week year?
- A5
- B50
- C20
- D10
47Which one of the following is not a major supply chain decision issue?
- AProduct/service features
- BDistribution
- CLocation
- DInventory
48Which DSS used in supplier selection involves performance characteristics and weights?
- AFactor analysis
- BBreak-even analysis
- CNPV
- DLinear programming
49An efficient supply chain is best associated with?
- AHigh product/service costs
- BStable products/services
- CFrequent product/service design changes
- DHigh inventories
50What is an organized approach for improving performance and reducing costs throughout the supply chain.
- AVertical integration
- BValue analysis
- CNPV analysis
- DBreak-even analysis
51Which one of the following represents the most significant source of disruption in an external supply chain?
- AForecasting errors
- BLarge inventories
- CEngineering change orders
- DLate deliveries
52Which one of the following is not a standard AP strategy?
- AChasing
- BCombo
- CLevel
- Dnone of the others
53Which one of the following is a proactive AP strategy?
- AWork force changes
- BCreative pricing
- COvertime
- DAnticipator inventory
54Which AP strategy would be best given large hiring/layoff costs?
- AChasing
- BCombo
- CLevel
- Drandom
55Typically, under-time is defined as?
- ABeing layoff
- BBeing paid but not working
- CSimilar to overtime
- DNot being paid but working
56Which one of the following AP costs is the most difficult to estimate?
- ASubcontracting
- BInventory
- CHiring
- DBackorder
57Which one of the following is not a reactive aggregate planning option?
- ACreative pricing
- BInventory
- CWork-force adjustments
- DBackorder
58Which one of the following is not a typical AP objective?
- AMinimize inventory
- BMinimize costs
- CMinimize facility utilization
- DMaximize efficiency
59Which one of the following functions provides inputs to the AP process?
- AMarketing
- BFinance
- CHuman resources
- DAll of the above
60Which one of the following is an example of an AP physical constraint?
- AProduction capacity
- BBackorder levels
- CInventory policy
- DOvertime pay rate
61Which one of the following applies best to a level AP strategy?
- AChange work force levels
- BUse Inventory
- CDecrease output to meet demand
- D) Implement a promotional campaign
62The graphical solution to the LP model is limited to?
- ATwo constraints
- BNo more than five constraints
- CTwo variables
- DMore than one variable
63Which special LP condition involves no limits on one or more of the decision variables?
- AInteger solution
- BMultiple optimal solution
- CUnbounded solution
- DInconsistent solution
64Which one of the following is not a standard LP constraint type?
- A<>
- B=
- C=>
- D<=
65Which one of the following sets of constraints are inconsistent?
- AX1 = 5, X1 >= 3
- BX1 <= 5, X1 <= 10
- CX1 >= 4, X2 <= 2
- DX1 <=5, X1 >= 10
66Sensitivity analysis indicates the range of the OF coefficients over which the current solution is?
- AInfeasible
- BNone of the others
- CSuboptimal
- DOptimal
67Typically, which one of the following is the first step in developing a LP model?
- AIdentify variables
- BIdentify constraint types
- CPerform sensitivity analysis
- DConstruct the objective function
68Which one of the following is a special LP solution type?
- AMultiple optimal solutions
- BUnbounded
- CInfeasible
- DAll of the others
69The shadow price associated with constraint with resources remaining is?
- ANone of the others
- BEqual to the market price
- CEqual to the value of the objective function
- DZero
70A maximization problem must contain at least one?
- AGreater-than-or-equal-to type constraint
- BCost coefficient
- CLess-than-or-equal-to type constraint
- DDummy variable
71Which special LP condition involves inconsistent constraints?
- AUnbounded solution
- BNegative solution
- CInfeasible solution
- DMultiple optimal solution
72Typically, which one of the following is the first step in developing a LP model?
- AIdentify variables
- BPerform sensitivity analysis
- CConstruct the objective function
- DIdentify constraint types
73The optimal values of the variables in a minimization problem with all of the constraints less-than-or-equal-to are?
- AZero
- BTen
- CEqual to the RHS
- DCan not be determined
74Which one of the following is a typical LP objective?
- AMaximize manpower utilization
- BAll of the others
- CMinimize costs
- DMaximize profits
75Which one of the following type of constraints is associated with slack?
- A=
- B>=
- C<>
- D<=
76The shadow price associated with constraint with resources remaining is?
- AEqual to the value of the objective function
- BZero
- CNone of the others
- DEqual to the market price
77In an LP model the optimal solution lies?
- AOutside the boundary
- BInside the boundary
- CBesides the boundary
- DOn the boundary
78Which one of the following is a basic linear programming assumption?
- ANon-integer solutions
- BVariable constants
- CDependent variables
- DNon-linear relationships
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- Angie Koslowski
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