OM_CSE2_Quiz1

What is the symbol for delay?

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In the exponential smoothing model (F_t+1 = αD_t + (1-α)F_t), F_t stands for?

• previously determined forecast for present period

• forecast for next period

• actual demand for present period

• weighting factor, smoothing constant

Safety stock in capacity planning helps to buffer against:

• unexpected demand increase

• production delays

• both unexpected demand increase and

  production delays

• none of the above

Which layout promotes teamwork and employee empowerment?

• Product layout

• Process layout

• Fixed-position layout

• Cellular layout

In the Simple Linear Regression Model (y=a+bx), b stands for?

• Intercept

• slope of the line

• Time period

• Forecast for demand period

Which qualitative technique involves multiple rounds of surveys and feedback from experts?

• Delphi method

• Market research

• SWOT analysis

• Scenario planning

Therbligs are:

• Graphical representations of work cycles

• Symbols representing basic elements of motion

• Statistical tools used in process analysis

• Timekeeping devices in manufacturing

What are the limitations of a fixed-position layout?

• High initial investment costs

• Limited flexibility for product changes

• Requires highly skilled and adaptable workers

• All of the above

Which of the following is NOT a function of Production Planning and Control?

• Forecasting demand

• Scheduling production

• Managing inventory levels

• Handling customer complaints

What is the primary objective of the maturity stage in the product lifecycle?

• Develop new product features

• Maintain market share and profitability

• Increase brand awareness

• Eliminate the product from the market