Question 1

All of the following are typical components of a time series except?

Accepted Answer

A)  Trend 
B)  Seasonality 
C)  Clustered 
D)  Random variation 
A)  Trend 
B)  Seasonality 
C)  Clustered 
D)  Random variation

Question 2

Why do firms utilize aggregate planning? Provide at least one hypothetical example of a product or service that might be managed by aggregate planning.

Accepted Answer

A successful answer will describe the pu

Question 3

Why might field sales personnel be able to develop a good forecast for demand?

Accepted Answer

A)  They are motivated by bonuses 
B)  They are distanced from the customers and markets 
C)  They are close to a firm's suppliers 
D)  They are close to the customers and markets 
A)  They are motivated by bonuses 
B)  They are distanced from the customers and markets 
C)  They are close to a firm's suppliers 
D)  They are close to the customers and markets

Question 4

Capacity modification in response to fluctuations in demand can result in the following negative consequences except?

Accepted Answer

A)  Reduced budget available for product transportation 
B)  Loss of sales as workers are trained 
C)  Negatively impacted firm reputation from temporary employees 
D)  Reduced product quality 
A)  Reduced budget available for product transportation 
B)  Loss of sales as workers are trained 
C)  Negatively impacted firm reputation from temporary employees 
D)  Reduced product quality

Question 5

In May, a firm experienced a forecast error of -25. In June and July, the forecast errors were found to be -10 and 20, respectively. What is the firm's forecast MAD for these three months?

Accepted Answer

A)  -15 
B)  -5 
C)  18.3 
D)  MAD cannot be determined from the information provided 
A)  -15 
B)  -5 
C)  18.3 
D)  MAD cannot be determined from the information provided

Question 6

A retailer experiencing unexplained variations in sales is likely experiencing?

Accepted Answer

A)  Trend 
B)  Seasonality 
C)  Cyclical 
D)  Random variation 
A)  Trend 
B)  Seasonality 
C)  Cyclical 
D)  Random variation

Question 7

Describe how forecast accuracy is determined. Why are the absolute values of errors considered rather than the errors themselves?

Accepted Answer

A successful answer should note how fore

Question 8

The simple moving average forecast _________.

Accepted Answer

A)  Weights each period equally 
B)  Weights recent demand more lightly 
C)  Weights recent demand more heavily 
D)  Gives each period a weight of zero 
A)  Weights each period equally 
B)  Weights recent demand more lightly 
C)  Weights recent demand more heavily 
D)  Gives each period a weight of zero

Question 9

The stages of CPFR include all of the following except?

Accepted Answer

A)  Strategy and planning 
B)  Project management 
C)  Demand and supply management 
D)  Execution 
A)  Strategy and planning 
B)  Project management 
C)  Demand and supply management 
D)  Execution

Question 10

The textbook notes that a recent survey of firms indicated that approximately what fraction of firms were not able to accurately forecast their earnings or sales for the next quarter?

Accepted Answer

A)  1/10 
B)  1/3 
C)  2/3 
D)  3/4 
A)  1/10 
B)  1/3 
C)  2/3 
D)  3/4

Question 11

The smoothing constant for exponential smoothing must be?

Accepted Answer

A)  Negative 
B)  Positive 
C)  Between 0 and 1 
D)  Greater than 1 
A)  Negative 
B)  Positive 
C)  Between 0 and 1 
D)  Greater than 1

Question 12

Sales of ski equipment would likely be representative of which type of demand pattern?

Accepted Answer

A)  Trend 
B)  Seasonality 
C)  Cyclical 
D)  Random variation 
A)  Trend 
B)  Seasonality 
C)  Cyclical 
D)  Random variation

Question 13

The __________ of errors are used to prevent the cancellation of negative and positive errors.

Accepted Answer

The answer of The __________ of errors are used to...

All of the following are typical components of a time series except?

Why do firms utilize aggregate planning? Provide at least one hypothetical example of a product or service that might be managed by aggregate planning.

Why might field sales personnel be able to develop a good forecast for demand?

Capacity modification in response to fluctuations in demand can result in the following negative consequences except?

In May, a firm experienced a forecast error of -25. In June and July, the forecast errors were found to be -10 and 20, respectively. What is the firm's forecast MAD for these three months?

A retailer experiencing unexplained variations in sales is likely experiencing?

Describe how forecast accuracy is determined. Why are the absolute values of errors considered rather than the errors themselves?

The simple moving average forecast _________.

The stages of CPFR include all of the following except?

The textbook notes that a recent survey of firms indicated that approximately what fraction of firms were not able to accurately forecast their earnings or sales for the next quarter?

The smoothing constant for exponential smoothing must be?

Sales of ski equipment would likely be representative of which type of demand pattern?

The __________ of errors are used to prevent the cancellation of negative and positive errors.

Operations Management, Processes, and Supply Chain Management

Corporate Strategy, Performance, and Sustainability

Product Design and Development

Process Design and Capacity Management

Customer Relationships and Customer Service

Independent Demand Inventory Management

Material Flow Analysis and Facility Layouts

Supplement: Job Scheduling and Vehicle Routing

Lean Systems

Managing Customer and Work Flows

Managing Information Flowsmrp and Erp

Managing Projects

Six Sigma Quality Management

Supplement: Statistical Quality Control

Global Supply Management

Location, Logistics, and Product Returns

Integrating Processes Along the Supply Chain

Filters

Exam 6: Demand Management, Forecasting, and Aggregate Planning

All of the following are typical components of a time series except?

Why do firms utilize aggregate planning? Provide at least one hypothetical example of a product or service that might be managed by aggregate planning.

Why might field sales personnel be able to develop a good forecast for demand?

Capacity modification in response to fluctuations in demand can result in the following negative consequences except?

In May, a firm experienced a forecast error of -25. In June and July, the forecast errors were found to be -10 and 20, respectively. What is the firm's forecast MAD for these three months?

A retailer experiencing unexplained variations in sales is likely experiencing?

Describe how forecast accuracy is determined. Why are the absolute values of errors considered rather than the errors themselves?

The simple moving average forecast _________.

The stages of CPFR include all of the following except?

The textbook notes that a recent survey of firms indicated that approximately what fraction of firms were not able to accurately forecast their earnings or sales for the next quarter?

The smoothing constant for exponential smoothing must be?

Sales of ski equipment would likely be representative of which type of demand pattern?

The __________ of errors are used to prevent the cancellation of negative and positive errors.

Operations Management, Processes, and Supply Chain Management

Corporate Strategy, Performance, and Sustainability

Product Design and Development

Process Design and Capacity Management

Customer Relationships and Customer Service

Independent Demand Inventory Management

Material Flow Analysis and Facility Layouts

Supplement: Job Scheduling and Vehicle Routing

Lean Systems

Managing Customer and Work Flows

Managing Information Flowsmrp and Erp

Managing Projects

Six Sigma Quality Management

Supplement: Statistical Quality Control

Global Supply Management

Location, Logistics, and Product Returns

Integrating Processes Along the Supply Chain

Filters