im tiple Choice ntify the choice that best completes the statement or answers th
ID: 355638 • Letter: I
Question
im tiple Choice ntify the choice that best completes the statement or answers the question There are 33 ints. Write down your name to obtain I free point. Exhibit 1: Company A has one production line in place for bronze sprinklers. Two types of sprinklers are available in both bronze: 90-degree nozzle sprinklers and 180-degree nozzle sprinklers. Management has forecast demand for the next three years as follows: Yearly demand 1 (in 000s) 2 (in 000s)3 (in 000s) 34 32 Bronze 90 Bronze 180 Bronze production line can produce all the different types of nozzles. Each bronze machine requires two operators and can produce up to 25,000 sprinklers. There are 2 bronze machines available. Refer to Exhibit 1, what percentage of capacity will 4. Which of the following is not a step used in be used for year 1? a. 48.5% b. 57.5 1. determining production capacity requirements? a. Forecasting to predict product sales b. Forecasting raw material usage c. Projecting availability of labor d. ?. d, e. 94% 90% None of the above Calculating equipment and labor needs e. Projecting equipment availability Which of the following do we need as prerequisite information in a Decision Tree problem used to evaluate capacity alternatives? a. Expect values of payoffs b. Payoff values c. A tree d. All of the above e. None of the above 5. Refer to Exhibit 1, what is the labor requiremen for year 3? 2. b. 2.6 c. 3.2 d. 4 e. None of the above 3. If the actual output of a piece of equipment during an hour is 500 units and it's best operating level is at a rate of 400 units per hour, which of the following is the capacity utilization rate? a. 0.8 b. 1.00 c. 1.25 d. 1.33 e. None of the above Which of the following is a term used to describe the difference between projected capacity requirements and the actual capacity requirements a. Capacity cushion b. Capacity planning c. Capacity requirement d. All of the above e. None of the above 6.Explanation / Answer
(1)
[c]
Capacity = 2 x 25000 = 50000
Demand = 32000 + 15000 = 47000
% utilization = 47000/50000 = 94%
(2)
[c] (though practically, in integer terms [d] is more correct)
Demand = 30000+10000=40000
This is more than 25000. So, we need to run both the machines. So, we must employ 4 labors. However, if we allow fractional figure, it will be (40000/50000) x 4 = 3.2
(3)
[c]
Utilization = Actual output / best = 500/400 = 1.25
(4)
[b]
There is no valid reason for which the raw material usage will be predicted for capacity planning. So, the correct answer is the option (B).
(5)
[b]
Trees are found in a garden and expected payoffs are calculated finally from the decision tree. So, (a) and (c) are incorrect.
6.
[a]
Capacity cushion
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