Question 1

It is good procedure to calculate a correlation coefficient when a least-squares line has been derived.

Accepted Answer

A) True 
 B)False

Question 2

Given the following data,compute the MAD.

Accepted Answer

Given the following

Question 3

_____ is a forecasting method that relies on expert estimation of future events.

Accepted Answer

A) Weighted moving average 
B) Time series analysis 
C) Delphi method 
D) Exponential smoothing 
A) Weighted moving average 
B) Time series analysis 
C) Delphi method 
D) Exponential smoothing

Question 4

Strategies for the introduction of new products and for replacement of existing products must be formulated with the fact in mind that operations managers' time and talents are limited resources.

Accepted Answer

A) True 
 B)False

Question 5

What is time series analysis and when should it be used?

Accepted Answer

Time series analysis deals with using kn

Question 6

Those responsible for strategic planning must know enough to seek out the appropriate specialists as conditions warrant.

Accepted Answer

A) True 
 B)False

Question 7

When using regression analysis the simplest assumption that is generally made first is that the relationship between the correlate pairs is nonlinear.

Accepted Answer

A) True 
 B)False

Question 8

In the weighted moving average,the biggest weights are assigned to the most recent events when there is a continuing trend.

Accepted Answer

A) True 
 B)False

Question 9

MAPE reveals poor forecasts.

Accepted Answer

A) True 
 B)False

Question 10

Strategy entails broad-based,cooperative goal setting followed by planning to achieve this goal:

Accepted Answer

A) survival of the organization under stress. 
B) adaptation to a global business environment. 
C) conversion from a reactive mode to a proactive mode. 
D) all of the above 
A) survival of the organization under stress. 
B) adaptation to a global business environment. 
C) conversion from a reactive mode to a proactive mode. 
D) all of the above

Question 11

Typically the participants in a Delphi Method are encouraged to move toward consensus.

Accepted Answer

A) True 
 B)False

Question 12

Active participation of P/OM involves learning about what is being done elsewhere and then trying to get Best Practice adopted whenever possible.

Accepted Answer

A) True 
 B)False

Question 13

The standard deviation of the error distribution is closely approximated by MAPE.

Accepted Answer

A) True 
 B)False

Question 14

_____ is the action of separate agents that produces a greater effect than the sum of their individual actions.

Accepted Answer

A) Catalysis 
B) Cycle harmonics 
C) Synergy 
D) Growth rate 
A) Catalysis 
B) Cycle harmonics 
C) Synergy 
D) Growth rate

Question 15

Stable patterns that persist for a short period of time make company forecasters confident that a credible job of forecasting can be done.

Accepted Answer

A) True 
 B)False

Question 16

To compete in the global market,companies must deal with different time zones around the world.

Accepted Answer

A) True 
 B)False

Question 17

The historical forecast is not based on the assumption that what happened last year will happen again.

Accepted Answer

A) True 
 B)False

Question 18

The cycle of the new product is similar to that of the one that is replaced in that it goes through introduction,growth,maturation,and decline.

Accepted Answer

A) True 
 B)False

Question 19

The forecasting error that can occur is that the

Accepted Answer

A) actual demand is greater than the forecast. 
B) actual demand is less than the forecast. 
C) both a and b 
D) neither a nor b 
A) actual demand is greater than the forecast. 
B) actual demand is less than the forecast. 
C) both a and b 
D) neither a nor b

Question 20

@RISK uses Monte Carlo simulation to answer "what-if" questions and allows planners and decision makers to take into account all possible outcomes of any particular course of action.

Accepted Answer

A) True 
 B)False

It is good procedure to calculate a correlation coefficient when a least-squares line has been derived.

Given the following data,compute the MAD.

_____ is a forecasting method that relies on expert estimation of future events.

Strategies for the introduction of new products and for replacement of existing products must be formulated with the fact in mind that operations managers' time and talents are limited resources.

What is time series analysis and when should it be used?

Those responsible for strategic planning must know enough to seek out the appropriate specialists as conditions warrant.

When using regression analysis the simplest assumption that is generally made first is that the relationship between the correlate pairs is nonlinear.

In the weighted moving average,the biggest weights are assigned to the most recent events when there is a continuing trend.

MAPE reveals poor forecasts.

Strategy entails broad-based,cooperative goal setting followed by planning to achieve this goal:

Typically the participants in a Delphi Method are encouraged to move toward consensus.

Active participation of P/OM involves learning about what is being done elsewhere and then trying to get Best Practice adopted whenever possible.

The standard deviation of the error distribution is closely approximated by MAPE.

_____ is the action of separate agents that produces a greater effect than the sum of their individual actions.

Stable patterns that persist for a short period of time make company forecasters confident that a credible job of forecasting can be done.

To compete in the global market,companies must deal with different time zones around the world.

The historical forecast is not based on the assumption that what happened last year will happen again.

The cycle of the new product is similar to that of the one that is replaced in that it goes through introduction,growth,maturation,and decline.

The forecasting error that can occur is that the

@RISK uses Monte Carlo simulation to answer "what-if" questions and allows planners and decision makers to take into account all possible outcomes of any particular course of action.

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

It is good procedure to calculate a correlation coefficient when a least-squares line has been derived.

Given the following data,compute the MAD.

_____ is a forecasting method that relies on expert estimation of future events.

Strategies for the introduction of new products and for replacement of existing products must be formulated with the fact in mind that operations managers' time and talents are limited resources.

What is time series analysis and when should it be used?

Those responsible for strategic planning must know enough to seek out the appropriate specialists as conditions warrant.

When using regression analysis the simplest assumption that is generally made first is that the relationship between the correlate pairs is nonlinear.

In the weighted moving average,the biggest weights are assigned to the most recent events when there is a continuing trend.

MAPE reveals poor forecasts.

Strategy entails broad-based,cooperative goal setting followed by planning to achieve this goal:

Typically the participants in a Delphi Method are encouraged to move toward consensus.

Active participation of P/OM involves learning about what is being done elsewhere and then trying to get Best Practice adopted whenever possible.

The standard deviation of the error distribution is closely approximated by MAPE.

_____ is the action of separate agents that produces a greater effect than the sum of their individual actions.

Stable patterns that persist for a short period of time make company forecasters confident that a credible job of forecasting can be done.

To compete in the global market,companies must deal with different time zones around the world.

The historical forecast is not based on the assumption that what happened last year will happen again.

The cycle of the new product is similar to that of the one that is replaced in that it goes through introduction,growth,maturation,and decline.

The forecasting error that can occur is that the

@RISK uses Monte Carlo simulation to answer "what-if" questions and allows planners and decision makers to take into account all possible outcomes of any particular course of action.

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