v. True/False: Consider the replenishment of milk for a supermarket. Replenishme
ID: 336922 • Letter: V
Question
v. True/False: Consider the replenishment of milk for a supermarket. Replenishment is done using a (R,Q) policy; demand is stable/certain and leadtime is 1 week. If the leadtime increases to 2 weeks, then the optimal reorder point R will increase.
vi. True/False: In a multi-period inventory system with continuous review and uncertain demand, if demand uncertainty (captured via ?L) increases then your required reorder point R will increase.
vii. True/False: The EOQ quantity increases as the lead time increases.
viii. True or False: A shirt takes on average 10 minutes to move through the manufacturing process at the plant. On average, the plant has 100 t-shirts in the process. Therefore, on average, the plant makes 600 shirts an hour.
ix. True/False: The profit maximizing order quantity is when the overage costs and underage costs are equal.
x. (True/False) By increasing the bottleneck’s capacity by 10%, the process capacity will always increase by 10% as well.
xi.True/False: Suppose you look at a process that has seven resources. Four of the resources have implied utilizations of over 100%. You, therefore, conclude that you have more than one bottleneck.
xii. True/False: When calculating the process capacity of a specific process, it is important to consider the order in which a stage occurs when determining its stage capacity.
xiii. True/False Philadelphia Airport has 5 de-icing stations. Each plane uses a single station and each station takes 12 minutes to de-ice a plane. 25 planes/hr can be de-iced at the Philadelphia Airport.
xiv.True/False: The Department of Tax Regulations of the IRS is in charge of writing tax regulations in accordance with laws passed by Congress. The department completes 300 projects per year on average. Recently, the Wall Street Journal reported that the department had 588 projects “on its plate”. The department head claimed that the average time to complete a project is 6 months. The I
rue uestions each: 14 questions in total)-No need to ur choice i. True/False: In a queuing system with 5 servers, if the system's utilization is 80% then there is on average one idle server ii. True/False: When a process is capacity-constrained, then customers (in-coming flow units) can expect a wait time that is given by the equation iii. True/False: Similar to the example discussed in class, Alice needs to pay the wedding caterer for each guest she will have at her wedding, and must decide how many guests to write into the contract. In her case, the overage cost represents the cost of underestimating the number of guests who arrive, and having to pay the wedding caterer a higher price for each extra guest over her original estimate iv. True/False: Holding all else equal, if you increase the desired service level ? from 0.8 to 0.9 in a multi-period inventory system with continuous review and uncertain demand, then your required reorder point R will decrease v. True/False: Consider the replenishment of milk for a supermarket. Replenishment is done using a (R.Q) policy; demand is stable/certain and leadtime is 1 week. If the leadtime increases to 2 weeks, then the optimal reorder point R will increase vi. True/False: In a multi-period inventory system with continuous review and uncertain demand, if demand uncertainty (captured via ?) increases then your required reorder point R will increase vii. True/False: The EOQ quantity increases as the lead time increases True or False: A shirt takes on average 10 minutes to move through the manufacturing process at the plant. On average, the plant has 100 t-shirts in the process. Therefore, on average, the plant makes 600 shirts an hour viii. ix. True/False: The profit maximizing order quantity is when the overage costs and underage costs are equal (True/False) By increasing the bottleneck's capacity by 10%, the process capacity will always increase by 10% as well x.Explanation / Answer
v. True/False: Consider the replenishment of milk for a supermarket. Replenishment is done using a (R,Q) policy; demand is stable/certain and leadtime is 1 week. If the leadtime increases to 2 weeks, then the optimal reorder point R will increase.
vi. True/False: In a multi-period inventory system with continuous review and uncertain demand, if demand uncertainty (captured via ?L) increases then your required reorder point R will increase.
vii. True/False: The EOQ quantity increases as the lead time increases.
viii. True or False: A shirt takes on average 10 minutes to move through the manufacturing process at the plant. On average, the plant has 100 t-shirts in the process. Therefore, on average, the plant makes 600 shirts an hour.
ix. True/False: The profit maximizing order quantity is when the overage costs and underage costs are equal.
x. (True/False) By increasing the bottleneck’s capacity by 10%, the process capacity will always increase by 10% as well.
xi.True/False: Suppose you look at a process that has seven resources. Four of the resources have implied utilizations of over 100%. You, therefore, conclude that you have more than one bottleneck.
xii. True/False: When calculating the process capacity of a specific process, it is important to consider the order in which a stage occurs when determining its stage capacity.
xiii. True/False Philadelphia Airport has 5 de-icing stations. Each plane uses a single station and each station takes 12 minutes to de-ice a plane. 25 planes/hr can be de-iced at the Philadelphia Airport.
xiv.True/False: The Department of Tax Regulations of the IRS is in charge of writing tax regulations in accordance with laws passed by Congress. The department completes 300 projects per year on average. Recently, the Wall Street Journal reported that the department had 588 projects “on its plate”. The department head claimed that the average time to complete a project is 6 months. The I
rue uestions each: 14 questions in total)-No need to ur choice i. True/False: In a queuing system with 5 servers, if the system's utilization is 80% then there is on average one idle server ii. True/False: When a process is capacity-constrained, then customers (in-coming flow units) can expect a wait time that is given by the equation iii. True/False: Similar to the example discussed in class, Alice needs to pay the wedding caterer for each guest she will have at her wedding, and must decide how many guests to write into the contract. In her case, the overage cost represents the cost of underestimating the number of guests who arrive, and having to pay the wedding caterer a higher price for each extra guest over her original estimate iv. True/False: Holding all else equal, if you increase the desired service level ? from 0.8 to 0.9 in a multi-period inventory system with continuous review and uncertain demand, then your required reorder point R will decrease v. True/False: Consider the replenishment of milk for a supermarket. Replenishment is done using a (R.Q) policy; demand is stable/certain and leadtime is 1 week. If the leadtime increases to 2 weeks, then the optimal reorder point R will increase vi. True/False: In a multi-period inventory system with continuous review and uncertain demand, if demand uncertainty (captured via ?) increases then your required reorder point R will increase vii. True/False: The EOQ quantity increases as the lead time increases True or False: A shirt takes on average 10 minutes to move through the manufacturing process at the plant. On average, the plant has 100 t-shirts in the process. Therefore, on average, the plant makes 600 shirts an hour viii. ix. True/False: The profit maximizing order quantity is when the overage costs and underage costs are equal (True/False) By increasing the bottleneck's capacity by 10%, the process capacity will always increase by 10% as well x.Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.