Dr. Burns Operations Management PRACTICE EXAM 3 (with answers at the end) This exam consists of 40 multiple choice and 3 discussion questions/problems. The multiple choice questions are worth 40% of the exam grade. The problems are worth 60% of the exam grade. The exam is to be taken closed-book, closed-notes. Formulas are provided on the last page. 1. Aggregate Production Planning (APP) involves all of the following except _________. a. hiring and laying
Words: 1357 - Pages: 6
revolted, refusing to surrender to Alexander. Alexander solved this issue by massacring nearly all the Thebans, and selling the surviving few into slavery. Alexander’s next campaign was one against the Persians. He sought advice from the oracle at Delphi, who responded with three words, “Thou art invincible.” Alexander then set out
Words: 1443 - Pages: 6
SUPPLY CHAIN MANAGEMENT To begin I should define a core competency as this is related with the Supply Chain in my review, so first, what is a core competency? According to Fitzsimmons (2012), core competency is something that the company does so well that it provides the company a competitive advantage. Core competency gives the company hard-to-imitate advantage. One of the Toyota's core competencies is their production system which is known as Toyota Production System (TPS). This is consists
Words: 1575 - Pages: 7
Cultural Diplomacy through Music ‘‘Who writes the Nation’s songs shapes the Nation’s souls,’’ said Abraham Lincoln. This quote is relevant to today’s crisis: the influence of music on our youth. Music has been known to influence those who listen since the end of the Industrial Revolution, when people had more leisure time and the demand for entertainment and amusement began to increase. This is significant because media has a powerful influence on society and affects how we dress, act, and think
Words: 1784 - Pages: 8
Manpower Planning Manpower planning is a process by which the management ensures the right number and the right kind of people are at the right place and are doing the desired things(for which they are best suited) for the achievement of organisational objectives. It is the process of developing and determining objectives, policies of procurement in relation to manpower. It requires forecasting manpower needs and planning of activities to fulfil those forecast needs. . It involves anticipating
Words: 1678 - Pages: 7
Industry is a group of firm producing a similar product or services, such as soft drinks or financial services. Michael Porter- an authority on competitive strategy, contends that a corporation is most concerned with the intensity of competition within its industry. The level of this intensity is determined by basic competitive forces, which are depicted in the figure above. the collective strength of these forces determines the ultimate profit potential in the industry, where profit potential
Words: 1634 - Pages: 7
Los cinco patrones básicos de la mayoría de las series de tiempo aplicables a la demanda son: 1. Horizontal. La fluctuación de los datos en torno de una media constante. 2. Tendencia. El incremento o decremento sistemático de la media de la serie a través del tiempo. 3. Estacional. Un patrón repetible de incrementos o decrementos de la demanda, dependiendo de la hora del día, la semana, el mes o la temporada. 4. Cíclico. Una pauta de incrementos o decrementos graduales y menos previsibles de
Words: 1125 - Pages: 5
Introduction The objective of this study is to determine the need and potential success of starting a new and unique bridal store in Romeoville, Illinois that will serve most of the western suburbs in the state, particularly Will County, DuPage County, Lake County, some of Cook County and virtual customers with online access. I intend to establish a business that will provide most bridal services and products for weddings. I want me bridal store to be reliable and be a five-star store that will
Words: 1790 - Pages: 8
The benefits of cost-benefit analysis to improving business decisions Cost-Benefits Analysis (CBA) is the process of using theory, data, and models to study products, exchanges, and activities for measuring relevant ideas and alternative solutions in order to support decision-makers in choosing the most appropriate alternative. This paper explores how CBA may best be used, focusing on the effectiveness of CBA during the early phase of a program life-cycle in ensuring that there are worthwhile alternatives
Words: 1601 - Pages: 7
Art History 101 – Ancient to Medieval Handout 4 Greek Art: Geometric & Orientalizing (9th-7th BC), Archaic (7th-6th BC), Classical (5th c. BC), Late Classical (4th century BC) and Hellenistic Periods (3rd - 1st c. BC) ! Geometric 800 BC: Prosperity comes again to Greece after the fall of the Mycenaeans. Trade and important ceramic traditions look Eastward for sources. ! 1. Late Geometric belly-handled amphora by the Dypilon master, 8th c. BCE, fig.5.2, use of registers, primarily
Words: 1507 - Pages: 7
