# Comm 399 Mt Review

Good Essays
2071 Words
Grammar
Plagiarism
Writing
Score
Comm 399 Mt Review
Yichuan Ding

COMM399-204, 2013 Winter Term 2

Mid-Term Review Problems Part I (Introduction + Process Analysis + Inventory Build-Up + OM Triangle)
True or False (You must explain your judgment if it is false!) 1. In any process, the flow time cannot be smaller than the cycle time. True. cycle time = time spent on the bottleneck resource, which must be smaller or equal to the flow time 2. If a process has two bottleneck resources, then they must have the same capacity rate. True. Bottleneck resource is the resource with the minimal capacity rate. So if there is more than one bottleneck resource, they must all have the minimal capacity rate and therefore their capacity rate must be equal. 3. In any process, the non-bottleneck resource always gets idled for some time. True. Because the unit load on a non-bottleneck resource has to be smaller than the unit load of the bottleneck resource, which is also the cycle time. So in each cycle, the non-bottleneck resource must have some time idled. 4. A manager of the call center wants to reduce the customer’s waiting time, then the only thing he (she) could do is to recruit more telephone operators. False. According to the OM triangle, increasing the capacity is not the only solution. The manager could also get more information about input rate and dynamically schedule the operators (capacity) to meet the variable input rate (customer arrivals). 5. The long-run average input rate cannot be smaller than the long-run average output rate; although it is possible that the short-run input rate be smaller than the short-run output rate when there is a positive inventory. True. In short time, if output rate > input rate, the rest is from the inventory. However, in the long run, the inventory is finite, so the long-run average of output cannot be larger than the long run average of the input rate. 6. From the Benihana’s lessons, we know that keeping the menu size smaller is the gold rule for running a successful restaurant.

## You May Also Find These Documents Helpful

• Satisfactory Essays

The objectives of this report are to diagnose their current inventory control strategy on DC, facility and site, analyze their improved new policy and propose a better strategy to inventory management and allocation. Poisson distribution is implemented to describe the demand assumption. The three main indexes we use to evaluate a strategy are fill rate, total inventory cost and expected downtime.…

• 295 Words
• 2 Pages
Satisfactory Essays
• Good Essays

Major Claim: Successful firms are the ones that first capitalize on economies of scale and scope, create management structures and invest in research and development which allows them to stay ahead of the competition.…

• 3705 Words
• 15 Pages
Good Essays
• Good Essays

11) Which method of inventory pricing best approximates specific identification of the actual flow of costs and units in most manufacturing situations?…

• 1656 Words
• 7 Pages
Good Essays
• Satisfactory Essays

3) Refer to the information above. What is the minimum inventory held in a given EOQ cycle?…

• 1687 Words
• 12 Pages
Satisfactory Essays
• Satisfactory Essays

3. Assuming that processing starts at 7 am on a “busy” day, present the situation during such a day, by constructing an inventory build-up diagram for bins and trucks.…

• 449 Words
• 2 Pages
Satisfactory Essays
• Better Essays

This paper was prepared for Production and Operations Analysis, MGT 204, taught by Professor Len DeBona…

• 1828 Words
• 8 Pages
Better Essays
• Powerful Essays

Finally, alternative 3 and 4 are recommended. In addition, there are some aspects to be noticed during the short-term and long-term implementation. It is recommended for the company to bring down the age of inventory to near to the industry average by improve the inventory control system. Paul should pay attention to his personal financial condition. It is necessary for him to save some money and reduce the withdraw from Lawsons.…

• 2224 Words
• 15 Pages
Powerful Essays
• Satisfactory Essays

SESSION 19: THE ROLE OF INVENTORY - THE TRADITIONAL VIEW 1. Read Chapter 14 in CAJ. 2. Although the EOQ/ROP (or more appropriately, ELS) system may not be appropriate for Blanchard because of the inapplicability of the basic theoretical assumptions, it is of interest to consider the operational feasibility of an EOQ/ROP system. Select Blanchard Vodka in quarts as an example product, and calculate the ELS for this product. 3. What would be the inventory policy that would result from this calculation?4. SUBMIT AS SHORT PAPER #8To perform an EOQ or ELS calculation you must first determine which costs should be included. List each of the costs which comprise the Unit Cost (C) and Set-up Cost (S) for Blanchard, and indicate whether or not each of the costs should be included in the calculation for EOQ(or ELS) for vodka in quarts. Include a brief reason for each answer (one or two sentences). List in setup costs: blending setup, size changeover, label changeover and order processing costs. List in unit costs: materials beverage, materials packaging, bottling labor, fixed overhead, variable overhead, state tax, federal distilled spirits tax, federal rectification tax and customs duty. It is not…

• 348 Words
• 2 Pages
Satisfactory Essays
• Powerful Essays

Milligan’s Backyard Storage Kits, a mail order company, sells a variety of backyard storage unit kits and landscaping decorations to its customers. Although the company makes a profit, David Milligan, the company’s owner, realizes that he can improve his company’s operations if he better manages his inventory. Mr. Milligan requests your help in preparing an Inventory Analysis worksheet. The Inventory Analysis worksheet provides Mr. Milligan with information about his annual sales, cost of goods sold, gross profit, and markup on this products. Preparing the worksheet for Mr. Milligan requires you to insert columns, use several functions, and apply proper formatting to the worksheet and cells.…

• 877 Words
• 4 Pages
Powerful Essays
• Good Essays

The choice that Precision Worldwide, Inc. must make can essentially “make or break” them. Hans Thorborg, the General Manager, faces a predicament with how to deal with their existing and the in process inventory. He also has to come to a decision regarding the materials that have been obtained for inventory but PWI did not have the chance to actually process them before the change was made. Before Thorborg can make a decision, there are three main factors that need to be taken into consideration: the opportunity costs, the product substitution, and sunken costs.…

• 1043 Words
• 5 Pages
Good Essays
• Better Essays

1. (TCO 7) At Lakeside Manufacturing, budgets are the responsibility of everyone. Each department collaborates in determining its expected needs, and sales personnel determine the likely sales volume. Al Talbott, one of the production managers, believes in building plenty of slack into everything, including his estimates of ending inventory of work in process. As the accounting manager, write a memo to Mr. Talbott, explaining why the ending inventory figure should be extremely accurate, with as little slack as possible. (Points : 20)…

• 1493 Words
• 6 Pages
Better Essays
• Powerful Essays

COS Section III A (Ch 11 Supply chain management, Ch 12 Inventory Management, Ch 13 Aggregate Planning in Operations Management): http://wgu.adobeconnect.com/p7fnlgqw5x3/…

• 3075 Words
• 13 Pages
Powerful Essays
• Satisfactory Essays

a raw materials inventory at the end of the month equal to 30% of next month’s production requirements. Reference Study Objective 03…

• 411 Words
• 2 Pages
Satisfactory Essays
• Satisfactory Essays

• • • • • • • Background and Business Model Processes and Queues Management Supply Chain Strategy Quality Control Inventory Management Recommendations Q&A…

• 545 Words
• 3 Pages
Satisfactory Essays
• Powerful Essays

Jack Jones, the materials manager at Precision Enterprises, is beginning to look for ways to reduce inventories. A recent accounting statement shows the following inventory investment by category: raw materials, \$3,129,500; work-in-process, \$6,237,000; and finished goods, \$2,686,500. This year’s cost of goods sold will be about \$32.5 million. Assuming 52 business weeks per year, express total inventory as…

• 1629 Words
• 7 Pages
Powerful Essays