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MCU International College 99511 Operations Management 2004 Fall Mid-Term Exam Y.-H. Chen, Ph.D.
There is a total of 20 multiple-choice problems. Please write out the correct choice below each problem number.
Each problem is worth for 5 points with a total of 100 points.
1.
2.
3.
4.
5.
6.
7.
The forecasting method which uses anonymous questionnaires to achieve a consensus forecast is:
A)
salesforce opinions
B)
consumer surveys
C)
the Delphi method
D)
time series analysis
E)
executive opinions
Answer: C Page: 69 Difficulty: Easy
In business, forecasts are the basis for:
A)
capacity planning
B)
budgeting
C)
sales planning
D)
production planning
E)
all of the above
Answer: E Page: 66 Difficulty: Easy
Which of the following smoothing constants would make an exponential smoothing forecast equivalent to a
naive forecast?
A)
0
B)
.01
C)
.1
D)
.5
E)
1.0
Answer: E Page: 75 Difficulty: Medium
Given an actual demand of 59, a previous forecast of 64, and an alpha of .3, what would the forecast for the
next period be using simple exponential smoothing?
A)
36.9
B)
57.5
C)
60.5
D)
62.5
E)
65.5
Answer: D Page: 75 Difficulty: Medium
Which of the following possible values of alpha would cause exponential smoothing to respond the most
quickly to sudden changes in forecast errors?
A)
0
B)
.01
C)
.05
D)
.10
E)
.15
Answer: E Page: 75 Difficulty: Medium
A manager uses the following equation to predict monthly receipts: Yt = 40,000 + 150t. What is the forecast
for July if t = 0 in April of this year?
A)
40,450
B)
40,600
C)
42,100
D)
42,250
E)
42,400
Answer: A Page: 77 Difficulty: Medium
Which of the following is used for constructing a control chart?
A)
mean absolute deviation (MAD)
B)
mean squared error (MSE)
C)
tracking signal (TS)
Student ID:
D)
E)
8.
9.
bias
none of the above
10.
11.
12.
13.
14.
Value
138
142
Period
3
4
Value
148
144
144.20
144.80
144.67
143.00
144.00
Student ID:
15.
16.
17.
18.
In order to use the level capacity strategy, variations in demand are met by:
A)
varying output during regular time without changing employment levels
B)
varying output during regular time by changing employment levels
C)
(a) and (b)
D)
using combination of inventories, overtime, part time, and back orders
E)
all of the above
Answer: D Page: 548 Difficulty: Medium
In using the chase strategy variations in demand could be met by:
A)
varying output during regular time without changing employment levels
B)
varying output during regular time by changing employment levels
C)
(a) and (b)
D)
varying inventory levels
E)
all of the above
Answer: B Page: 548 Difficulty: Medium
In practice, the more commonly used techniques for aggregate planning are:
A)
mathematical techniques
B)
informal trial-and-error techniques
C)
(a) and (b) about equally
D)
simulation models
E)
linear programming optimization
Answer: B Page: 550 Difficulty: Easy
Inventory information for firm ABC:
Inventory at the end of March, 1999:
Expected demand during April, 1999:
Production expected during April, 1999:
200 units
50 units
100 units
20.