Which of the following is FALSE regarding control charts? A)Values above the upp

Question

Which of the following is FALSE regarding control charts? A)Values above the upper control limits imply that the product's quality is exceeding expectations. B) Control charts are built so that new data can be quickly compared to past performance data C) Control charts graphically present data D) Control charts plot data over time E) None of the above is false 2. (15 points) Consider the following monthly demands for a certain product. Holding cost for this product is $2 per month per product and ordering costs is $100. Lead time is 0 months. Calculate the planned order releases using the EOQ technique. What is the inventory costs of this plan? Month Requirement 120 100 80 120 200 20 3. (5 points) The bullwhip effect A) occurs as orders are relayed from retailers to distributors to wholesalers to manufacturers. B) results C) increases the cos ts associated with inventory in the supply chain. ust of distortions in information in the supply chain. in increasing fluctuations at each step of the sequence.

Explanation / Answer

1: A: Control chart: Values above the control chart imply that product's quality is exceeding expectation

It doesnt imply tht product quality will exceed if it falls on the upper side. It will be another observation where it is calculated on the basis of how much it get devaites from the normal.

3: Bullwhip effect has occured because of the distorted information in the supply chain ( option d)

It results in fluctuating in planning the demand of the product as the information trasnferring from one chain to another for the demand become different.

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