MGT5013 Advanced Plant Management Quizzes

Week 1 Quiz

Started on	Saturday, October 30, 2021, 11:33 AM
State	Finished
Completed on	Saturday, October 30, 2021, 12:27 PM
Time taken	54 mins 40 secs
Grade	24.75 out of 30.00 (83%)

Top of Form

Question 1

Correct

1.50 points out of 1.50

Flag question

Question text

The annual demand of the year 2010 is provided below. Find the forecasted demand for January, 2011.

			Use a 3-month weighted moving average method. The weight ratio is 3:2:1 with the heaviest weight applied to the most current data.
Month		1		2	3	4	5	6	7	8	9	10	11	12
Demand		17		20.4	23.8	27.2	21.6	27.6	31.2	26.35	22.95	15.3	16	14

Select one:

a.

20.22

Correct

b.

23.14

c.

5.9

d.

93.04

Feedback

The correct answer is: 20.22

Question 2

Incorrect

0.00 points out of 1.50

Flag question

Question text

John is trying to initialize the seasonality indexes for an exponential smoothing model with seasonality using the following demand data. Among his many decisions, one was to set the seasonality index for the ______ quarter to ______. Fill in the blanks correctly.

Quarter	1	2	3	4
Demand	40	250	190	110

Select one:

a.

2nd/2.124

Incorrect

b.

3rd/1.988

c.

1st/0.545

d.

4th/0.7457

Feedback

The correct answer is: 4th/0.7457

Question 3

Complete

0.00 points out of 1.50

Flag question

Question text

John is trying to initialize the seasonality indexes for an exponential smoothing model with seasonality. What is the forecast for quarter 9? The base value smoothing constant is 0.2 while the seasonality constant is 0.3. Use the first year to initialize the model.

Quarter	1	2	3	4	5	6	7	8
Demand	40	250	190	110	69	330	320	280

80.01

Comments

Comment:

Question 4

Correct

1.50 points out of 1.50

Flag question

Question text

In order to make products with a relative degree of high complexity, which manufacturing environment will be most effective?

Select one:

a.

Make to stock (MTS)

b.

Assemble to order (ATO)

Correct

c.

Assemble to Stock (ATS)

d.

Make to Order (MTO)

Feedback

The correct answer is: Assemble to order (ATO)

Question 5

Complete

1.50 points out of 1.50

Flag question

Question text

Describe in your own words what a customer-driven manufacturing philosophy is.

Customer Driven Manufacturing philosophy is a philosophy where the manufacturing activities depend on the customer purchase and orders. The philosophy anticipates the needs of the users of the products sold by the company and manufacturing process will work accordingly. 

Comments

Comment:

Question 6

Correct

1.50 points out of 1.50

Flag question

Question text

Which of the following environments is best suited for Process Manufacturing?

Select one:

a.

Engineering to order (ETO)

b.

Make to stock (MTS)

Correct

c.

Engineering to Stock (ETS)

d.

Make to Order (MTO)

Feedback

The correct answer is: Make to stock (MTS)

Question 7

Correct

1.50 points out of 1.50

Flag question

Question text

Select the activities not commonly associated with a manufacturing planning and control system (MP&CS).
(1). Establishing the annual sales goals
(2). Establishing capacity
(3). Developing detailed material flows
(4). Determining product demand

Select one:

a.

(1)

Correct

b.

(1) and (4)

c.

(2)

d.

(3) and (4)

Feedback

The correct answer is: (1)

Question 8

Complete

0.00 points out of 1.50

Flag question

Question text

Dave is use an exponential smoothing model with trends to forecast for period 5. After gathering the data, he is trying to make a decision regarding the constants. Currently, base value smoothing constant is 0.3 and the trend smoothing constant is 0.2. What is the bias difference if Dave decides to decrease the base value smoothing constant to 0.1?

The base value at the end of period 1 is 300 while the tread is -50.
Period	2	3	4
Demand	700	910	1090

reducing the value of alpha from 0.3 to 0.1, the bias increases from 517.2 to 691.2.

Comments

Comment:

Your answer is incorrect. The bias increases by 108.75

Question 9

Complete

1.50 points out of 1.50

Flag question

Question text

Describe the Conceptual Forecasting Framework in your own words.

A conceptual framework follow scientific methodology to forecast about a problem selected. 

Comments

Comment:

Question 10

Complete

1.50 points out of 1.50

Flag question

Question text

When generating the forecast for year 3 season 2 using an exponential smoothing model with seasonality, which seasonality index is subject to updating?

year 2 season 2

Comments

Comment:

Question 11

Correct

1.50 points out of 1.50

Flag question

Question text

Which of the following is not a well-known response by manufacturing to the changes in the current manufacturing environment?

Select one:

a.

Adaptive manufacturing

b.

Lean manufacturing

c.

Statistic Process Controlled (SPC) manufacturing

Correct

d.

Just in Time manufacturing

Feedback

The correct answer is: Statistic Process Controlled (SPC) manufacturing

Question 12

Correct

1.50 points out of 1.50

Flag question

Question text

The table below includes the actual demands and forecasted demand for each period. Which of the following is the correct Mean absolute deviation (MAD) value for this data?

Period	1	2	3	4	5
Actual Demands	100	120	115	90	79
Forecast Demands	90	110	130	135	90

Select one:

a.

21.5

b.

-10.2

c.

18.2

Correct

d.

13.9

Feedback

The correct answer is: 18.2

Question 13

Complete

1.50 points out of 1.50

Flag question

Question text

List 4 of the 7 types of lean waste.

overproduction, inventory, motion, defects, over-processing, waiting, and transport

Comments

Comment:

Question 14

Correct

1.50 points out of 1.50

Flag question

Question text

The Ticket touring agency is coming out with a new tour package. While this is a new product, it is expected to be received by customers in the same manner as with the Dynasty tour package. The table below is the last year's demand for the Dynasty tour package. Which of the following months should the agency provide the most capacity?

Month	1	2	3	4	5	6	7	8	9	10	11	12
Actual Demands	120	130	70	10	5	15	25	7	50	70	80	160

Select one:

a.

December

Correct

b.

October

c.

May

d.

March

Feedback

The correct answer is: December

Question 15

Correct

1.50 points out of 1.50

Flag question

Question text

With the popularity of outsourcing and global logistics, the manufacturing environment has seen several changes. Among the following choices, select the changes that align with this current manufacturing environment.
(1). Shorter product life cycles
(2). MRPII is being viewed as the system of the future
(3). An increase in fabrication value added
(4). Popularity of customer driven supply chains

Select one:

a.

(1), (3) and (4)

b.

(1) and (4)

Correct

c.

(1)

d.

All of the above

Feedback

The correct answer is: (1) and (4)

Question 16

Complete

1.50 points out of 1.50

Flag question

Question text

The table below includes the actual demands and forecasted demand for each period. Which of the following is the correct Bias value for this data?

Period	1	2	3	4	5
Actual Demands	100	120	115	90	79
Forecast Demands	90	110	130	135	90

     

-10.2

Comments

Comment:

Question 17

Complete

0.75 points out of 1.50

Flag question

Question text

Build a forecast model using a simple exponential smoothing model with 2009 demand provided below. The exponential smoothing constant is 0.3. What is the bias for this model when the Forecast for January is set at 24?

Month	1	2	3	4	5	6	7	8	9	10	11	12
Demand	17	20.4	23.8	27.2	21.6	27.6	31.2	26.35	22.95	15.3	16	14

Exponential smoothing forecasting = F_t = F_t-1 +α(A_t-1-F_t-1)

In the question, F_t-1 =24 α=0.3

Forecast for month 1:- F₁ =24 +0.3(17-24)=21.9

Forecast for month 2:- F₂ =21.9 +0.3(20.4-21.9) =21.45

Forecast for month 3:- F₃ =21.45+0.3(23.8-21.45) =22.16

Forecast for month 4:- F₄ =22.16+0.3(27.2-22.16) =23.67

Forecast for month 5:- F5 =23.67+0.3(21.6-23.67) =23.05

Forecast for month 6:- F6 =23.05+0.3(27.6-23.05) =24.42

Forecast for month 7:- F7 =24.42+0.3(31.2-24.42) =26.45

Forecast for month 8:- F8 =26.45+0.3(26.35-26.45) =26.42

Forecast for month 9:- F9=26.42+0.3(22.95-26.42) =25.38

Forecast for month 10:- F10 =25.38+0.3(15.3-25.38) =22.36

Forecast for month 11:- F11 =22.36+0.3(16-22.36) =20.45

Forecast for month 12:- F12 =20.45+0.3(17-20.45) =19.42

Comments

Comment:

-1.35

Question 18

Correct

1.50 points out of 1.50

Flag question

Question text

The manufacturing concepts of JIT and Lean have been originally developed by companies in the _________ industry located in ___________ and then popularized internationally.

Select one:

a.

Furniture/Swaziland

b.

Automobile/Germany

c.

Automobile/Japan

Correct

d.

Electronics/Japan

Feedback

The correct answer is: Automobile/Japan

Question 19

Correct

1.50 points out of 1.50

Flag question

Question text

Below are statements regarding either push or pull manufacturing. Select the incorrect ones.
(1). Well implemented pull systems have high levels of customer service
(2). Pull uses short and flexible production runs compared to push
(3). Push uses short and flexible production runs compared to pull
(4). Push manufacturing typically has longer lead times

Select one:

a.

(1) and (4)

b.

(2) and (4)

c.

(2)

d.

(3)

Correct

Feedback

The correct answer is: (3)

Question 20

Correct

1.50 points out of 1.50

Flag question

Question text

Among the following relationship cases, select the customer-supplier relationship you think is the healthiest.

Select one:

a.

The customer uses its information gathered from closely working with an important supplier to reduce the supplier's selling price.

b.

The customer frequently uses reverse auctions in most of their purchase decisions.

c.

The customer involves the supplier of a core component in its product design process.

Correct

d.

The customer is closely integrated with the systems of a supplier who deals in commodities.

Feedback

The correct answer is: The customer involves the supplier of a core component in its product design process.

 

 

 

 

 

 

 

 

 

 

Started on	Sunday, October 31, 2021, 6:03 AM
State	Finished
Completed on	Sunday, October 31, 2021, 6:18 AM
Time taken	14 mins 54 secs
Grade	27.00 out of 30.00 (90%)

Question 1

Complete

1.50 points out of 1.50

Flag question

Question text

John is trying to initialize the seasonality indexes for an exponential smoothing model with seasonality. What is the forecast for quarter 9? The base value smoothing constant is 0.2 while the seasonality constant is 0.3. Use the first year to initialize the model.

Quarter	1	2	3	4	5	6	7	8
Demand	40	250	190	110	69	330	320	280

67.02

Comments

Comment:

Question 2

Correct

1.50 points out of 1.50

Flag question

Question text

For markets with _______ demand variability, the _____________ manufacturing environment is most effective. Fill in the blanks.

Select one:

a.

High/Engineering to order (ETO)

Correct

b.

High/Assemble to order (ATO)

c.

High/Make to stock (MTS)

d.

Low/Make to ship (MTS)

Feedback

The correct answer is: High/Engineering to order (ETO)

Question 3

Correct

1.50 points out of 1.50

Flag question

Question text

Below are statements regarding either push or pull manufacturing. Select the correct ones.
(1). Pull manufacturing commonly results in relatively low inventory levels
(2). Comparatively, planning for pull manufacturing is more dependent of the company's forecasting efforts
(3). It is easier for problems with the manufacturing process to surface in a push manufacturing environment
(4). Pull manufacturing is associated with JIT and lean manufacturing philosophies

Select one:

a.

(2) and (3)

b.

(1), (2) and (4)

c.

(1)

d.

(1) and (4)

Correct

Feedback

The correct answer is: (1) and (4)

Question 4

Complete

1.50 points out of 1.50

Flag question

Question text

List 4 of the 7 types of lean waste.

Inventory, Motion, Over-Processing, Overproduction

Comments

Comment:

Question 5

Correct

1.50 points out of 1.50

Flag question

Question text

Forecasting framework illustrates the sequences that should be followed. According to the framework, what is next step once the forecast interval is established?

Select one:

a.

Collect and analyze data

b.

Select a forecasting technique

Correct

c.

Initialize the forecast

d.

Determine the forecast purpose

Feedback

The correct answer is: Select a forecasting technique

Question 6

Incorrect

0.00 points out of 1.50

Flag question

Question text

Below are statements regarding either push or pull manufacturing. Select the incorrect ones.
(1). Well implemented pull systems have high levels of customer service
(2). Pull uses short and flexible production runs compared to push
(3). Push uses short and flexible production runs compared to pull
(4). Push manufacturing typically has longer lead times

Select one:

a.

(2)

b.

(1) and (4)

c.

(2) and (4)

Incorrect

d.

(3)

Feedback

The correct answer is: (3)

Question 7

Correct

1.50 points out of 1.50

Flag question

Question text

Identify the component of time series below in the table.

Month	1	2	3	4	5	6	7	8	9	10	11	12
Actual Demands	120	130	70	10	5	15	25	7	50	70	80	160

(1). Positive trend
(2). Seasonality
(3). Random
(4). Negative trend

Select one:

a.

(1) and (2)

b.

(3)

c.

(2)

Correct

d.

(2) and (4)

Feedback

The correct answer is: (2)

Question 8

Correct

1.50 points out of 1.50

Flag question

Question text

With the popularity of outsourcing and global logistics, the manufacturing environment has seen several changes. Among the following choices, select the changes that align with this current manufacturing environment.
(1). Shorter product life cycles
(2). MRPII is being viewed as the system of the future
(3). An increase in fabrication value added
(4). Popularity of customer driven supply chains

Select one:

a.

(1) and (4)

Correct

b.

(1), (3) and (4)

c.

All of the above

d.

(1)

Feedback

The correct answer is: (1) and (4)

Question 9

Correct

1.50 points out of 1.50

Flag question

Question text

Which of the following choice are not included as one of the 5 elements of Lean?
(1). Efficient flows
(2). Specify value
(3). Push philosophy
(4). Quality perfection

Select one:

a.

All of the above

b.

(1), (2) and (4)

c.

(1) and (3)

d.

(3)

Correct

Feedback

The correct answer is: (3)

Question 10

Complete

1.50 points out of 1.50

Flag question

Question text

Define the Lean Philosophy.

focusing on reducing work while increasing value

Comments

Comment:

Question 11

Correct

1.50 points out of 1.50

Flag question

Question text

Choose, among the following trends, the ones that contribute to the popularity of manufacturing planning and control system (MP&CS) in industry.
(1). Public awareness regarding Sustainability
(2). Manufacturing and resource planning (MRP) developments
(3). The supply chain revolution
(4). Laws encouraging Remanufacturing

Select one:

a.

(1), (3) and (4)

Correct

b.

(1) and (4)

c.

None of the above

d.

(2)

Feedback

The correct answer is: (1), (3) and (4)

Question 12

Complete

1.50 points out of 1.50

Flag question

Question text

Describe the Conceptual Forecasting Framework in your own words.

the way ideas are organized to achieve a research project's purpose

Comments

Comment:

Question 13

Complete

1.50 points out of 1.50

Flag question

Question text

What is the difference between bias and MAD?

Forecast bias tells you whether you are systematically over- or under-forecasting. The other metrics do not tell you that. MAD measures forecast error in units.

Comments

Comment:

Question 14

Correct

1.50 points out of 1.50

Flag question

Question text

Using the following demand data, initialize and build a model to forecast the demand for June. When the first 3 months are used to initial a simple exponential smoothing model, what is the base value made at the end of month 2 or the initialized forecast for March?

Month	1	2	3	4	5
Demand	50	25	60	20	80

Select one:

a.

25

b.

50

c.

45

Correct

d.

37.5

Feedback

The correct answer is: 45

Question 15

Correct

1.50 points out of 1.50

Flag question

Question text

Which of the following is not a well-known response by manufacturing to the changes in the current manufacturing environment?

Select one:

a.

Lean manufacturing

b.

Statistic Process Controlled (SPC) manufacturing

Correct

c.

Just in Time manufacturing

d.

Adaptive manufacturing

Feedback

The correct answer is: Statistic Process Controlled (SPC) manufacturing

Question 16

Correct

1.50 points out of 1.50

Flag question

Question text

Use an exponential smoothing model with trends to forecast for period 5. Select a correct demand forecast using the demand table below.

		The base value at the end of period 1 is 300 while the tread is -50. The base value smoothing constant is 0.2 and the trend smoothing constant is 0.4.
			Period	2	3	4
			Demand	250	120	130

Select one:

a.

72

Correct

b.

115

c.

65

d.

210

Feedback

The correct answer is: 72

Question 17

Complete

1.50 points out of 1.50

Flag question

Question text

Describe the meaning of model building using data in your own words.

Model building is a hobby that involves the creation of physical models either from kits or from materials and components acquired by the builder

Comments

Comment:

Question 18

Incorrect

0.00 points out of 1.50

Flag question

Question text

The annual demand of the year 2010 is provided below. Find the forecasted demand for January, 2011.

			Use a 3-month weighted moving average method. The weight ratio is 3:2:1 with the heaviest weight applied to the most current data.
Month		1		2	3	4	5	6	7	8	9	10	11	12
Demand		17		20.4	23.8	27.2	21.6	27.6	31.2	26.35	22.95	15.3	16	14

Select one:

a.

93.04

b.

5.9

Incorrect

c.

23.14

d.

20.22

Feedback

The correct answer is: 20.22

Question 19

Correct

1.50 points out of 1.50

Flag question

Question text

AMT. Inc.'s net income for this quarter is $500,000. The publicized return on assets (ROA) is 34.5%. Estimate the firm's total asset to the closet possible.

Select one:

a.

$2,005,500

b.

$1,450,000

c.

$1,500,000

Correct

d.

$2,450,000

Feedback

The correct answer is: $1,500,000

Question 20

Correct

1.50 points out of 1.50

Flag question

Question text

Among the following choices, select the ones that are not examples of Qualitative Forecasting methods.
(1). Delphi method
(2). Exponential smoothing method
(3). Triad method
(4). Focus groups

Select one:

a.

(2) and (3)

Correct

b.

(1) and (2)

c.

(1)

d.

(2), (3), and (4)

Feedback

The correct answer is: (2) and (3)

 

 

Started on	Sunday, October 31, 2021, 6:25 AM
State	Finished
Completed on	Sunday, October 31, 2021, 6:42 AM
Time taken	17 mins 4 secs
Grade	28.50 out of 30.00 (95%)

Question 1

Correct

1.50 points out of 1.50

Flag question

Question text

For a forecast to be usable, it needs to pass criteria which include aspects such as _________ and ___________. Fill the blanks.

Select one:

a.

Accuracy/Simplicity

Correct

b.

Simplicity/Completeness

c.

Flexibility /Accuracy

d.

Comprehensiveness/Accuracy

Feedback

The correct answer is: Accuracy/Simplicity

Question 2

Correct

1.50 points out of 1.50

Flag question

Question text

The Ticket touring agency is coming out with a new tour package. While this is a new product, it is expected to be received by customers in the same manner as with the Dynasty tour package. The table below is the last year's demand for the Dynasty tour package. Which of the following months should the agency provide the most capacity?

Month	1	2	3	4	5	6	7	8	9	10	11	12
Actual Demands	120	130	70	10	5	15	25	7	50	70	80	160

Select one:

a.

October

b.

March

c.

December

Correct

d.

May

Feedback

The correct answer is: December

Question 3

Correct

1.50 points out of 1.50

Flag question

Question text

Among the following choices, select the ones that are not examples of Qualitative Forecasting methods.
(1). Delphi method
(2). Exponential smoothing method
(3). Triad method
(4). Focus groups

Select one:

a.

(1) and (2)

b.

(1)

c.

(2) and (3)

Correct

d.

(2), (3), and (4)

Feedback

The correct answer is: (2) and (3)

Question 4

Complete

1.50 points out of 1.50

Flag question

Question text

Describe in your own words what a healthy customer-supplier relationship looks like.

The organization values customer requirements and positively responds to feedback given. 

Comments

Comment:

Question 5

Incorrect

0.00 points out of 1.50

Flag question

Question text

John is trying to initialize the seasonality indexes for an exponential smoothing model with seasonality using the following demand data. Among his many decisions, one was to set the seasonality index for the ______ quarter to ______. Fill in the blanks correctly.

Quarter	1	2	3	4
Demand	40	250	190	110

Select one:

a.

3rd/1.988

b.

4th/0.7457

c.

1st/0.545

d.

2nd/2.124

Incorrect

Feedback

The correct answer is: 4th/0.7457

Question 6

Correct

1.50 points out of 1.50

Flag question

Question text

In order to make products with a relative degree of high complexity, which manufacturing environment will be most effective?

Select one:

a.

Make to stock (MTS)

b.

Assemble to order (ATO)

Correct

c.

Make to Order (MTO)

d.

Assemble to Stock (ATS)

Feedback

The correct answer is: Assemble to order (ATO)

Question 7

Complete

1.50 points out of 1.50

Flag question

Question text

List 4 of the 7 types of lean waste.

defects, over-processing, waiting, and transport.

Comments

Comment:

Question 8

Complete

1.50 points out of 1.50

Flag question

Question text

Describe in your own words what a customer-driven manufacturing philosophy is.

based on the order created by the customers and based on interests of the customers manufacturing process is initiated

Comments

Comment:

Question 9

Complete

1.50 points out of 1.50

Flag question

Question text

John is trying to initialize the seasonality indexes for an exponential smoothing model with seasonality. What is the forecast for quarter 9? The base value smoothing constant is 0.2 while the seasonality constant is 0.3. Use the first year to initialize the model.

Quarter	1	2	3	4	5	6	7	8
Demand	40	250	190	110	69	330	320	280

67.02

Comments

Comment:

Question 10

Correct

1.50 points out of 1.50

Flag question

Question text

Among the following relationship cases, select the customer-supplier relationship you think is the healthiest.

Select one:

a.

The customer frequently uses reverse auctions in most of their purchase decisions.

b.

The customer involves the supplier of a core component in its product design process.

Correct

c.

The customer is closely integrated with the systems of a supplier who deals in commodities.

d.

The customer uses its information gathered from closely working with an important supplier to reduce the supplier's selling price.

Feedback

The correct answer is: The customer involves the supplier of a core component in its product design process.

Question 11

Complete

1.50 points out of 1.50

Flag question

Question text

What is the difference between bias and MAD?

Bias is under or over forecasting. MAD calculates forecast error

Comments

Comment:

Question 12

Correct

1.50 points out of 1.50

Flag question

Question text

Which of the following choice are not included as one of the 5 elements of Lean?
(1). Efficient flows
(2). Specify value
(3). Push philosophy
(4). Quality perfection

Select one:

a.

(3)

Correct

b.

(1) and (3)

c.

(1), (2) and (4)

d.

All of the above

Feedback

The correct answer is: (3)

Question 13

Correct

1.50 points out of 1.50

Flag question

Question text

The Make to order (MTO) environment is characterized by __________ and ______________.

Select one:

a.

An engineering/Unique products

b.

Customization/ Modular product architecture

c.

Standard products/Stable forecasts

d.

High customization/inaccurate forecasts

Correct

Feedback

The correct answer is: High customization/inaccurate forecasts

Question 14

Correct

1.50 points out of 1.50

Flag question

Question text

With the popularity of outsourcing and global logistics, the manufacturing environment has seen several changes. Among the following choices, select the changes that align with this current manufacturing environment.
(1). Shorter product life cycles
(2). MRPII is being viewed as the system of the future
(3). An increase in fabrication value added
(4). Popularity of customer driven supply chains

Select one:

a.

(1), (3) and (4)

b.

(1) and (4)

Correct

c.

All of the above

d.

(1)

Feedback

The correct answer is: (1) and (4)

Question 15

Correct

1.50 points out of 1.50

Flag question

Question text

Forecasting framework illustrates the sequences that should be followed. According to the framework, what is next step once the forecast interval is established?

Select one:

a.

Determine the forecast purpose

b.

Initialize the forecast

c.

Collect and analyze data

d.

Select a forecasting technique

Correct

Feedback

The correct answer is: Select a forecasting technique

Question 16

Correct

1.50 points out of 1.50

Flag question

Question text

Select the activities not commonly associated with a manufacturing planning and control system (MP&CS).
(1). Establishing the annual sales goals
(2). Establishing capacity
(3). Developing detailed material flows
(4). Determining product demand

Select one:

a.

(2)

b.

(3) and (4)

c.

(1)

Correct

d.

(1) and (4)

Feedback

The correct answer is: (1)

Question 17

Complete

1.50 points out of 1.50

Flag question

Question text

When generating the forecast for year 3 season 2 using an exponential smoothing model with seasonality, which seasonality index is subject to updating?

year 2 season 2

Comments

Comment:

Question 18

Complete

1.50 points out of 1.50

Flag question

Question text

Provide a detailed description of the demand in the table below.

Period	1	2	3	4	5
Actual Demands	60	50	80	15	45

     

Positive Trend

Comments

Comment:

Question 19

Correct

1.50 points out of 1.50

Flag question

Question text

Choose the proper historical sequence of developments in manufacturing planning and control starting from the left.

Select one:

a.

Lean->Push->Flexible->Adaptive

b.

Push->Pull->Flexible->Adaptive

Correct

c.

Pull->Flexible->Push->Adaptive

d.

Adaptive->Lean->Flexible->Push

Feedback

The correct answer is: Push->Pull->Flexible->Adaptive

Question 20

Complete

1.50 points out of 1.50

Flag question

Question text

Dave is use an exponential smoothing model with trends to forecast for period 5. After gathering the data, he is trying to make a decision regarding the constants. Currently, base value smoothing constant is 0.3 and the trend smoothing constant is 0.2. What is the bias difference if Dave decides to decrease the base value smoothing constant to 0.1?

The base value at the end of period 1 is 300 while the tread is -50.
Period	2	3	4
Demand	700	910	1090

108.75

Comments

Comment:

There are 7 types of wastes identified by the lean philosophy.  Some of the type is defective units, __________, and _____________.  Fill in the blanks.

Select one:

a.

Overproduction/Under-processing

b.

Under-processing/Transportation

c.

Transportation/Motion

Correct

d.

None of the above

Feedback

The correct answer is: Transportation/Motion

Question 2

Correct

1.50 points out of 1.50

Flag question

Question text

For markets with _______ demand variability, the _____________ manufacturing environment is most effective. Fill in the blanks.

Select one:

a.

High/Engineering to order (ETO)

Correct

b.

Low/Make to ship (MTS)

c.

High/Make to stock (MTS)

d.

High/Assemble to order (ATO)

Feedback

The correct answer is: High/Engineering to order (ETO)

Question 3

Complete

1.50 points out of 1.50

Flag question

Question text

Define the Lean Philosophy.

reducing work and wastage, and increase value

Comments

Comment:

Question 4

Correct

1.50 points out of 1.50

Flag question

Question text

Among the following choices, select the ones that are not examples of Qualitative Forecasting methods.
(1). Delphi method
(2). Exponential smoothing method
(3). Triad method
(4). Focus groups

Select one:

a.

(1)

b.

(1) and (2)

c.

(2), (3), and (4)

d.

(2) and (3)

Correct

Feedback

The correct answer is: (2) and (3)

Question 5

Complete

1.50 points out of 1.50

Flag question

Question text

When generating the forecast for year 3 season 2 using an exponential smoothing model with seasonality, which seasonality index is subject to updating?

year 2 season 2

Comments

Comment:

Question 6

Correct

1.50 points out of 1.50

Flag question

Question text

The Ticket touring agency is coming out with a new tour package. While this is a new product, it is expected to be received by customers in the same manner as with the Dynasty tour package. The table below is the last year's demand for the Dynasty tour package. Which of the following months should the agency provide the most capacity?

Month	1	2	3	4	5	6	7	8	9	10	11	12
Actual Demands	120	130	70	10	5	15	25	7	50	70	80	160

Select one:

a.

March

b.

December

Correct

c.

May

d.

October

Feedback

The correct answer is: December

Question 7

Complete

1.50 points out of 1.50

Flag question

Question text

Describe in your own words what a healthy customer-supplier relationship looks like.

a healthy customer-supplier relationship looks like to be honest with them to have a smooth flow of business

Comments

Comment:

Question 8

Complete

1.50 points out of 1.50

Flag question

Question text

Provide a detailed description of the demand in the table below.

Period	1	2	3	4	5
Actual Demands	60	50	80	15	45

     

Positive Trend

Comments

Comment:

Question 9

Correct

1.50 points out of 1.50

Flag question

Question text

The Make to order (MTO) environment is characterized by __________ and ______________.

Select one:

a.

High customization/inaccurate forecasts

Correct

b.

Standard products/Stable forecasts

c.

Customization/ Modular product architecture

d.

An engineering/Unique products

Feedback

The correct answer is: High customization/inaccurate forecasts

Question 10

Correct

1.50 points out of 1.50

Flag question

Question text

Forecasting drives all of the key business functions. Among the following cases, select the cases that are the least suited for the use of quantitative forecasting.
(1). Demand of radically innovative new product
(2). Supply of agricultural products
(3). Demand of commodities
(4). The rate of new product production

Select one:

a.

(1)

Correct

b.

(1) and (2)

c.

(4)

d.

(2) and (4)

Feedback

The correct answer is: (1)

Question 11

Correct

1.50 points out of 1.50

Flag question

Question text

Below are statements regarding either push or pull manufacturing. Select the correct ones.
(1). Pull manufacturing commonly results in relatively low inventory levels
(2). Comparatively, planning for pull manufacturing is more dependent of the company's forecasting efforts
(3). It is easier for problems with the manufacturing process to surface in a push manufacturing environment
(4). Pull manufacturing is associated with JIT and lean manufacturing philosophies

Select one:

a.

(1)

b.

(1), (2) and (4)

c.

(1) and (4)

Correct

d.

(2) and (3)

Feedback

The correct answer is: (1) and (4)

Question 12

Correct

1.50 points out of 1.50

Flag question

Question text

The table below includes the actual demands and forecasted demand for each period. Based on the data, which of the following is not correct?

Period	1	2	3	4	5
Actual Demands	43	44	70	10	5
Forecast Demands	60	50	80	15	45

Select one:

a.

The forecast is consistently overestimating the demands (higher forecasts)

b.

The MAD value is 15.6

c.

The Bias value is -15.6

d.

The demand data shows a positively increasing trend

Correct

Feedback

The correct answer is: The demand data shows a positively increasing trend

Question 13

Complete

0.75 points out of 1.50

Flag question

Question text

John is trying to initialize the seasonality indexes for an exponential smoothing model with seasonality. What is the forecast for quarter 9? The base value smoothing constant is 0.2 while the seasonality constant is 0.3. Use the first year to initialize the model.

Quarter	1	2	3	4	5	6	7	8
Demand	40	250	190	110	69	330	320	280

80.01

Comments

Comment:

67.02

Question 14

Correct

1.50 points out of 1.50

Flag question

Question text

In order to make products with a relative degree of high complexity, which manufacturing environment will be most effective?

Select one:

a.

Make to Order (MTO)

b.

Assemble to Stock (ATS)

c.

Assemble to order (ATO)

Correct

d.

Make to stock (MTS)

Feedback

The correct answer is: Assemble to order (ATO)

Question 15

Complete

1.50 points out of 1.50

Flag question

Question text

Describe in your own words what a customer-driven manufacturing philosophy is.

based on the customer order process and customer interests organizations planning their manufacturing

Comments

Comment:

Question 16

Complete

1.50 points out of 1.50

Flag question

Question text

List 4 of the 7 types of lean waste.

inventory, motion, defects, and over-processing,

Comments

Comment:

Question 17

Complete

1.50 points out of 1.50

Flag question

Question text

Interpret a bias of -40 in a sentence.

It is a negative bias

Comments

Comment:

Question 18

Correct

1.50 points out of 1.50

Flag question

Question text

AMT. Inc.'s sales revenue for this quarter is $2,000,000. It incurred $1,200,000 in total costs. The total asset of the company is $6,000,000. What the return on assets (ROA)?

Select one:

a.

13.33%

Correct

b.

7.75%

c.

5.50%

d.

25.43%

Feedback

The correct answer is: 13.33%

Question 19

Incorrect

0.00 points out of 1.50

Flag question

Question text

John is trying to initialize the seasonality indexes for an exponential smoothing model with seasonality using the following demand data. Among his many decisions, one was to set the seasonality index for the ______ quarter to ______. Fill in the blanks correctly.

Quarter	1	2	3	4
Demand	40	250	190	110

Select one:

a.

4th/0.7457

b.

3rd/1.988

c.

1st/0.545

d.

2nd/2.124

Incorrect

Feedback

The correct answer is: 4th/0.7457

Question 20

Complete

1.50 points out of 1.50

Flag question

Question text

Describe the Conceptual Forecasting Framework in your own words.

the way ideas are organized to achieve a solution to the research problem

Comments

Comment:

 

<Next>

Week 2 Quiz Solutions

 

Started on	Sunday, November 7, 2021, 8:21 PM
State	Finished
Completed on	Sunday, November 7, 2021, 9:12 PM
Time taken	51 mins 16 secs
Grade	25.00 out of 30.00 (83%)

Top of Form

Question 1

Correct

5.00 points out of 5.00

Flag question

Question text

Which level one activity was not included in the initial phase of the SCOR model development?

Select one:

a.

Return

Correct

b.

Plan

c.

Deliver

d.

Make

Feedback

The correct answer is: Return

Question 2

Complete

5.00 points out of 5.00

Flag question

Question text

Fill in the MPS record when the MPS can only be ordered in 250 unit intervals.

Periods	1	2	3	4		5	6	7	8
Forecast	240	130	130	20		100	200	320	145
Orders	45	38	68
Available
ATP
MPS
On hand	40
Periods	1	2	3	4	5	6	7	8
Forecast	240	130	130	20	100	200	320	145
Orders	45	38	68
Available	-200	-80	40	270	170	220	150	5
ATP
MPS	250	250	250		250	250
On hand	40

Comments

Comment:

Question 3

Incorrect

0.00 points out of 5.00

Flag question

Question text

Which of the following are used as inputs for MPS?
(1). Forecasts of returns
(2). Safety stock
(3). Customer orders
(4). Bill of Materials (BOM)

Select one:

a.

(4)

b.

(1) and (4)

c.

(2), (3), and (4)

Incorrect

d.

(1)

Feedback

The correct answer is: (1) and (4)

Question 4

Correct

5.00 points out of 5.00

Flag question

Question text

What cannot be defined as an aggregate resource?

Select one:

a.

Units of finished products

Correct

b.

Total number of workers

c.

Hours of machine time

d.

Tons of raw materials

Feedback

The correct answer is: Units of finished products

Question 5

Complete

5.00 points out of 5.00

Flag question

Question text

Name the manufacturing environment emphasizes the immediate delivery of reasonably priced off-the-shelf standard items.

Make-to-stock Manufacturing Firms

Comments

Comment:

Question 6

Correct

5.00 points out of 5.00

Flag question

Question text

Turner Inc. custom makes furniture.  It has 20 workers who produce 135 units per quarter each. The company is using a pure level strategy. When there is 2,000 units on hand at the start of the first quarter, what should be your level production be set to? The quarterly demand information is provided below.

Q1:3,000 units, Q2:500 units, Q3:4,500 units, Q4:6,000 units

Select one:

a.

4,500 units per quarter

b.

3,800 units per quarter

c.

3,000 units per quarter

Correct

d.

3,500 units per quarter

Feedback

The correct answer is: 3,000 units per quarter

 

Started on	Sunday, November 7, 2021, 8:49 PM
State	Finished
Completed on	Sunday, November 7, 2021, 9:12 PM
Time taken	23 mins 33 secs
Grade	25.00 out of 30.00 (83%)

Question 1

Complete

5.00 points out of 5.00

Flag question

Question text

The Sales and Operations Planning (S&OP) process interfaces with other business processes in order to obtain information and integrate production with the overall objectives of the organizations. List the 4 other business processes that S&OP interfaces with.

Risk Planning

Supply Planning

Demand Planning

Strategic Planning

Comments

Comment:

Question 2

Incorrect

0.00 points out of 5.00

Flag question

Question text

Which of the following statements regarding MPS is not correct?
(1). MPS has the focus on dependent demands
(2). MPS is an aggregation of the disaggregate plan
(3). MPS has finer time intervals then aggregate plans
(4). MPS has the focus on independent demands

Select one:

a.

None of the above

b.

(2) and (3)

c.

(1)

Incorrect

d.

(1) and (2)

Feedback

The correct answer is: (1) and (2)

Question 3

Correct

5.00 points out of 5.00

Flag question

Question text

In the __________________ manufacturing environment, order acceptance occurs before the production lead time. Fill in the blanks.

Select one:

a.

Assemble to stock (ATS)

b.

Assemble to order (ATO)

c.

Make to order (MTO)

Correct

d.

Make to stock (MTS)

Feedback

The correct answer is: Make to order (MTO)

Question 4

Complete

5.00 points out of 5.00

Flag question

Question text

Fill in the MPS record when the MPS can only be ordered in 250 unit intervals.

Periods	1	2	3	4		5	6	7	8
Forecast	240	130	130	20		100	200	320	145
Orders	45	38	68
Available
ATP
MPS
On hand	40
Periods	1	2	3	4	5	6	7	8
Forecast	240	130	130	20	100	200	320	145
Orders	45	38	68
Available	-200	170	290	520	420	220	-100	5
ATP
MPS	500	250	250				250
On hand	40

Comments

Comment:

Question 5

Correct

5.00 points out of 5.00

Flag question

Question text

The manufacturing and control framework (M&CF) is composed of many different plans with different scope and focuses. Below are M&CF processes listed according to their position within the framework hierarchy starting with the higher level process on the left.

Select one:

a.

S&OP -> Aggregate planning->MPS-> MRP

Correct

b.

MPS->S&OP-> MRP->MRPII

c.

S&OP -> MRP->MPS-> Aggregate planning

d.

Aggregate planning -> S&OP -> MRP->MPS

Feedback

The correct answer is: S&OP -> Aggregate planning->MPS-> MRP

Question 6

Correct

5.00 points out of 5.00

Flag question

Question text

Among the following choices, select the disadvantages to using a pure level strategy for aggregate planning
(1). High level of excess inventory
(2). Incurring subcontracting or overtime costs
(3). High cost associated with changing production capacity
(4). Incurring Backorder costs

Select one:

a.

(1)

b.

(1), (2), and (4)

Correct

c.

(1) and (2)

d.

(3) and (4)

Feedback

The correct answer is: (1), (2), and (4)

 

 

Started on	Sunday, November 7, 2021, 8:56 PM
State	Finished
Completed on	Sunday, November 7, 2021, 9:13 PM
Time taken	16 mins 41 secs
Grade	25.00 out of 30.00 (83%)

Question 1

Complete

5.00 points out of 5.00

Flag question

Question text

The MPS record below is based on the forecast at the beginning of period 1. However, at the beginning of period 2, the actual demand for period 1 exceeded expectations by 700 units. Create a new record. The MPS can only be ordered in 200 unit intervals.

Periods	1	2	3	4
Forecast	2500	3200	3000	500
Available	700	100	100	0
MPS	0	2600	3000	400
On hand	3200

           

Periods	1	2	3	4
Forecast	2500	3200	3000	500
Available	700	-2500	-100	0
MPS	0	5400	600	400
On hand	3200

Comments

Comment:

Question 2

Incorrect

0.00 points out of 5.00

Flag question

Question text

ABC Inc. custom makes furniture.  It has 20 workers who produce 135 units per quarter each. The cost per unit is $2500.00. If a pure chase strategy is used, how many workers are fired or hired during quarter 2? Be as close as possible. The quarterly demand information is provided below.

Q1:3,000 units, Q2:500 units, Q3:4,500 units, Q4:6,000 units

Select one:

a.

Hired 5 workers

Incorrect

b.

Hired 20 workers

c.

No one is hired

d.

Fired 19 workers

Feedback

The correct answer is: Fired 19 workers

Question 3

Correct

5.00 points out of 5.00

Flag question

Question text

What is the relationship between Aggregate planning and MPS?

Select one:

a.

Extrapolation of the latter

b.

Summary of the former

c.

No relationship between the two

d.

Disaggregation of the former

Correct

Feedback

The correct answer is: Disaggregation of the former

Question 4

Complete

5.00 points out of 5.00

Flag question

Question text

Fill in the MPS record when the MPS can only be ordered in 250 unit intervals.

Periods	1	2	3		4		5		6	7	8
Forecast	240	130	130		20		100		200	320	145
Orders	45	38	68
Available
ATP
MPS
On hand	40
Periods	1	2	3	4		5		6	7	8
Forecast	240	130	130	20		100		200	320	145
Orders	45	38	68
Available	-200	170	290	270		170		220	150	5
ATP
MPS	500	250				250		250
On hand	40

Comments

Comment:

Question 5

Correct

5.00 points out of 5.00

Flag question

Question text

Which level one activity was not included in the initial phase of the SCOR model development?

Select one:

a.

Plan

b.

Return

Correct

c.

Make

d.

Deliver

Feedback

The correct answer is: Return

Question 6

Correct

5.00 points out of 5.00

Flag question

Question text

The initial factors for generating a MPS Record include ____________ and ______________. Fill in the blanks.

Select one:

a.

Forecast Demand / On hand Inventory

b.

MPS Quantity / Forecast Demand

c.

Bill of materials (BOM) / MPS Quantity

d.

Safety Stock (SS) / On hand Inventory

Correct

Feedback

The correct answer is: Safety Stock (SS) / On hand Inventory

Grade	25.00 out of 30.00 (83%)

Question 1

Complete

5.00 points out of 5.00

Flag question

Question text

The demand for Quarter 1,2,3,and 4 is the following:

Q1:20,000	Q2:100,000	Q3:60,000	Q4:153,000

Currently the firm has 80 workers who produce 800 units per quarter each. The cost per unit is $35.00. The cost of holding 1 unit per quarter is $1.50. The cost of hiring a worker is $100. When using the pure level strategy, what is the total cost for the year?

11,889, 375.00

Comments

Comment:

Question 2

Complete

5.00 points out of 5.00

Flag question

Question text

The MPS record below is based on the forecast at the beginning of period 1. However, at the beginning of period 2, the actual demand for period 1 exceeded expectations by 700 units. Create a new record. The MPS can only be ordered in 200 unit intervals.

Periods	1	2	3	4
Forecast	2500	3200	3000	500
Available	700	100	100	0
MPS	0	2600	3000	400
On hand	3200

           

Periods	1	2	3	4
Forecast	2500	3200	3000	500
Available	700	-2500	100	400
MPS	0	5600	800	400
On hand	3200

Comments

Comment:

Question 3

Complete

5.00 points out of 5.00

Flag question

Question text

Currently the firm is using a pure chase strategy. It has 60 workers who produce 1200 units per quarter each. The cost per unit is $35.00. The cost of holding 1 unit per quarter is $1.50. The cost of hiring a worker is $50. The cost of firing a worker is $200. Calculate the cost associated with changing capacity.

Q1: 120,000      Q2: 100,000      Q3: 80,000      Q4: 92,000     

9166.67

Comments

Comment:

Question 4

Complete

5.00 points out of 5.00

Flag question

Question text

Name the manufacturing environment emphasizes the immediate delivery of reasonably priced off-the-shelf standard items.

Make-to-stock Manufacturing Firms

Comments

Comment:

Question 5

Correct

5.00 points out of 5.00

Flag question

Question text

What cannot be defined as an aggregate resource?

Select one:

a.

Units of finished products

Correct

b.

Total number of workers

c.

Tons of raw materials

d.

Hours of machine time

Feedback

The correct answer is: Units of finished products

Question 6

Incorrect

0.00 points out of 5.00

Flag question

Question text

Which of the following statements regarding MPS is not correct?
(1). MPS has the focus on dependent demands
(2). MPS is an aggregation of the disaggregate plan
(3). MPS has finer time intervals then aggregate plans
(4). MPS has the focus on independent demands

Select one:

a.

None of the above

b.

(1)

Incorrect

c.

(2) and (3)

d.

(1) and (2)

Feedback

The correct answer is: (1) and (2)

<Next>

<Next>

<Next>

 <Next>

<Next>

<Next>

<Nxtt>