Question 1

If the time series shows a linear trend,there is a(n) _____ of the numbers.

Accepted Answer

A) constant rate of change 
B) historical forecast rate of change 
C) estimated rate of change 
D) seasonal rate of change 
A) constant rate of change 
B) historical forecast rate of change 
C) estimated rate of change 
D) seasonal rate of change A

Question 2

In what situations should moving averages be used to extrapolate next events?

Accepted Answer

Moving averages should be used to extrapolate next events if there is no discernible cyclical patterns and if the system appears to be generating a series of values such that the last set of values provides the best estimate of what will be the next value.If these occur,then there is forecasting momentum in the time series movements.

Question 3

Marketing is responsible for the intelligent management of the production transformation process which changes in various ways according to the life cycle stage.

Accepted Answer

A) True 
 B)False  False

Question 4

What is the mean squared error (MSE) and how is it calculated? How is it different from the MAD?

Accepted Answer

The mean square error is calculated by s

Question 5

In the _____ stage of the life cycle,equilibrium is reached.

Accepted Answer

A) introduction 
B) growth 
C) maturity 
D) decline 
A) introduction 
B) growth 
C) maturity 
D) decline

Question 6

A way to make forecasts more responsive to the most recent actual occurrences is to use

Accepted Answer

A) exponential smoothing with alpha being very small. 
B) moving averages for trends. 
C) weighted moving averages. 
D) the Delphi method. 
A) exponential smoothing with alpha being very small. 
B) moving averages for trends. 
C) weighted moving averages. 
D) the Delphi method.

Question 7

Extrapolations of time series can be based on

Accepted Answer

A) cyclical wave patterns. 
B) trend lines. 
C) step functions. 
D) combinations of any or all of these patterns. 
A) cyclical wave patterns. 
B) trend lines. 
C) step functions. 
D) combinations of any or all of these patterns.

Question 8

The first stage of the life cycle is

Accepted Answer

A) growth. 
B) introduction. 
C) maturity. 
D) decline. 
A) growth. 
B) introduction. 
C) maturity. 
D) decline.

Question 9

Active participation of P/OM is characterized by doing just what is asked and nothing more.

Accepted Answer

A) True 
 B)False

Question 10

What is the Delphi Method of forecasting and has it is used.

Accepted Answer

Delphi is a forecasting method that reli

Question 11

Businesspeople often use their sense of what is happening to reach decisions that might be better made if someone had kept a record of what had taken place already.In other words,empirical analysis can be helpful.

Accepted Answer

A) True 
 B)False

Question 12

_____ is describing future events and their probabilities of occurrence.

Accepted Answer

A) Growth 
B) Forecasting 
C) Demand 
D) Statistical phenomena 
A) Growth 
B) Forecasting 
C) Demand 
D) Statistical phenomena

Question 13

_____ procedures are used by the line managers of the organization to carry out the strategic plans.

Accepted Answer

A) Synergistic 
B) Syzygial 
C) Tactical 
D) Strategic 
A) Synergistic 
B) Syzygial 
C) Tactical 
D) Strategic

Question 14

Strategic thinking and planning to realize objectives involves teamwork.

Accepted Answer

A) True 
 B)False

Question 15

Employ weights of 0.5,0.25 and 0.25 to obtain a 3-month weighted moving average for May.Calculate the error term if the actual result in May is 65.

Accepted Answer

Forecast for May = .5(60) + .2

Question 16

_____ is the point when maximum tidal pull is exerted because the planets and the moon have lined up to support each other's gravitational forces.

Accepted Answer

A) Syzygy 
B) Synergy 
C) Growth rate point of inflection 
D) Resource maximization 
A) Syzygy 
B) Synergy 
C) Growth rate point of inflection 
D) Resource maximization

Question 17

_____ is responsible for using different pricing,advertising,and promotion activities during appropriate life cycle stages.

Accepted Answer

A) Management 
B) Operations management 
C) Marketing 
D) Management information systems 
A) Management 
B) Operations management 
C) Marketing 
D) Management information systems

Question 18

Assume that in 2008 the quarterly demands were 10,30,20,and 40.This would give a yearly demand of 100 units.Further,assume that in 2009 the annual demand is expected to increase to 130 units.Then,the model for the second quarter (2nd Q) forecast adjustments would be

Accepted Answer

A) 130(30/100) = 39. 
B) 100(40/100) = 52. 
C) 10(130/100) = 39. 
D) 40(100/130) = 31. 
A) 130(30/100) = 39. 
B) 100(40/100) = 52. 
C) 10(130/100) = 39. 
D) 40(100/130) = 31.

Question 19

_____ are based on assumptions of linear relationship between xt and yt₊₅.

Accepted Answer

A) Straight equations 
B) Linear relationships 
C) Normal equations 
D) Simple equations 
A) Straight equations 
B) Linear relationships 
C) Normal equations 
D) Simple equations

Question 20

Operations managers are only involved in carrying out strategic plans when they are a part of the strategic planning team.

Accepted Answer

A) True 
 B)False

If the time series shows a linear trend,there is a(n) _____ of the numbers.

In what situations should moving averages be used to extrapolate next events?

Marketing is responsible for the intelligent management of the production transformation process which changes in various ways according to the life cycle stage.

What is the mean squared error (MSE) and how is it calculated? How is it different from the MAD?

In the _____ stage of the life cycle,equilibrium is reached.

A way to make forecasts more responsive to the most recent actual occurrences is to use

Extrapolations of time series can be based on

The first stage of the life cycle is

Active participation of P/OM is characterized by doing just what is asked and nothing more.

What is the Delphi Method of forecasting and has it is used.

Businesspeople often use their sense of what is happening to reach decisions that might be better made if someone had kept a record of what had taken place already.In other words,empirical analysis can be helpful.

_____ is describing future events and their probabilities of occurrence.

_____ procedures are used by the line managers of the organization to carry out the strategic plans.

Strategic thinking and planning to realize objectives involves teamwork.

Employ weights of 0.5,0.25 and 0.25 to obtain a 3-month weighted moving average for May.Calculate the error term if the actual result in May is 65.

_____ is the point when maximum tidal pull is exerted because the planets and the moon have lined up to support each other's gravitational forces.

_____ is responsible for using different pricing,advertising,and promotion activities during appropriate life cycle stages.

Assume that in 2008 the quarterly demands were 10,30,20,and 40.This would give a yearly demand of 100 units.Further,assume that in 2009 the annual demand is expected to increase to 130 units.Then,the model for the second quarter (2nd Q) forecast adjustments would be

_____ are based on assumptions of linear relationship between xt and yt₊₅.

Operations managers are only involved in carrying out strategic plans when they are a part of the strategic planning team.

Product Line Planning and the Systems Approach

Productivity and Strategic Planning

Understanding Quality: ITS Management and Strategic Importance

Process Configuration Strategies

Process Analysis and Redesign

Quality Assurance

Management of Technology Mot

Teamwork Planning Requires Job Design

Supply Chain Capacity Planning

Facilities Planning: Location and Layout

Materials Management Impacts All Supply Chain Participants

Aggregate Planning to Balance Supply and Demand

Inventory Management for Smooth and Continuous Demand Patterns

Material Requirements Planning Mrp for Sporadic Demand Patterns

Production Scheduling for Manufacturing and Service Operations

Cycle-Time Management Increases Productivity

Project Management for New Products and Processes

Change Management With Faster Project Completions

Sustainability Issues: Environment, Ethics, and Security

Filters

Exam 3: Demand Creation and Predictive Planning

If the time series shows a linear trend,there is a(n) _____ of the numbers.

In what situations should moving averages be used to extrapolate next events?

Marketing is responsible for the intelligent management of the production transformation process which changes in various ways according to the life cycle stage.

What is the mean squared error (MSE) and how is it calculated? How is it different from the MAD?

In the _____ stage of the life cycle,equilibrium is reached.

A way to make forecasts more responsive to the most recent actual occurrences is to use

Extrapolations of time series can be based on

The first stage of the life cycle is

Active participation of P/OM is characterized by doing just what is asked and nothing more.

What is the Delphi Method of forecasting and has it is used.

Businesspeople often use their sense of what is happening to reach decisions that might be better made if someone had kept a record of what had taken place already.In other words,empirical analysis can be helpful.

_____ is describing future events and their probabilities of occurrence.

_____ procedures are used by the line managers of the organization to carry out the strategic plans.

Strategic thinking and planning to realize objectives involves teamwork.

Employ weights of 0.5,0.25 and 0.25 to obtain a 3-month weighted moving average for May.Calculate the error term if the actual result in May is 65.

_____ is the point when maximum tidal pull is exerted because the planets and the moon have lined up to support each other's gravitational forces.

_____ is responsible for using different pricing,advertising,and promotion activities during appropriate life cycle stages.

Assume that in 2008 the quarterly demands were 10,30,20,and 40.This would give a yearly demand of 100 units.Further,assume that in 2009 the annual demand is expected to increase to 130 units.Then,the model for the second quarter (2nd Q) forecast adjustments would be

_____ are based on assumptions of linear relationship between xt and yt₊₅.

Operations managers are only involved in carrying out strategic plans when they are a part of the strategic planning team.

Product Line Planning and the Systems Approach

Productivity and Strategic Planning

Understanding Quality: ITS Management and Strategic Importance

Process Configuration Strategies

Process Analysis and Redesign

Quality Assurance

Management of Technology Mot

Teamwork Planning Requires Job Design

Supply Chain Capacity Planning

Facilities Planning: Location and Layout

Materials Management Impacts All Supply Chain Participants

Aggregate Planning to Balance Supply and Demand

Inventory Management for Smooth and Continuous Demand Patterns

Material Requirements Planning Mrp for Sporadic Demand Patterns

Production Scheduling for Manufacturing and Service Operations

Cycle-Time Management Increases Productivity

Project Management for New Products and Processes

Change Management With Faster Project Completions

Sustainability Issues: Environment, Ethics, and Security

Filters