The idea of the Value Density calculation is: A. Matching the weight of the product with an appropriate carrier B. Finding a carrier that can handle the weight C. Determining how a product should be shipped considering its weight and value D. Finding the minimum cost carrier 26) Supply-chain response relates to the following: A. How quickly a customer order can be filled B. How quickly a company can react to a new competing product C. How inexpensive the product is D. A and B 27) According to Hau Lee, which of the following types of products need to be delivered with efficient supply-chains? A. Innovative products B. Custom products C. Grocery products D. High technology products 28) The best operating level is: A. the level of capacity for which average unit cost is minimized B. the maximum point of the cost curve C. maximum capacity D. the level of capacity for which total cost is minimized 29) Capacity utilization rate can be computed as: A. Capacity used + best operating level B. Capacity used - best operating level C. Capacity used / best operating level D. Capacity used x best operating level 30) The steps to determining capacity requirements include: A. Using decision trees to evaluate capacity alternatives B. Calculating equipment and labor requirements to meet product line forecasts C. Projecting labor and equipment availabilities over the planning horizon D. B and C 31) Which of the following is not true about JIT systems? A. The goal of JIT is to drive all inventory queues to a moderate level thus minimizing inventory investment and shortening lead times. B. The JIT system is based on the philosophy of eliminating waste and utilizing the full capability of the worker. C. JIT is typically applied to repetitive manufacturing. D. Under JIT the ideal lot size is one. 32) Which of the following is not an element of JIT? A. kanan pull system B. small-lot production C. Multifunction worker D. quickly changing schedule 33) Which of the following is NOT one of the more successful applications of lean concepts in services? A. Introduction of demand-push scheduling B. Organize problem-solving groups C. Upgrade quality D. Upgrade housekeeping
Subject: Operations Management
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