Mgmt 6355 Final Questions

CHAPTER 13 1. | | | Imagine comparing a manufacturing operation using regular lot-sizing and the same operation with a Kanban/lean production approach. What would be your expectations of the difference between the total cost (i.e., inventory holding costs + setup/ordering costs) of each? | | | Student Response | Value | Correct Answer | A. | Inventory holding cost will increase non-linearly with inventory | | | B. | Total costs will be lower for the regular lot-size operation | | | C. | Total costs will be lower for the Kanban/lean production operation | 100% | | D. | The order quantity will be larger for the Kanban/lean production approach | | | E. | As long as the total quantity is the same, total costs will be the same | | | | Score: | 10/10 | | | 2. | | | When implementing a lean production system a stabilized schedule is achieved using which of the following? | | | Student Response | Value | Correct Answer | A. | Level scheduling | | | B. | Demand pull | | | C. | Freeze window | | | D. | Reduced lot sizes | 0% | | E. | Bottom-round management | | | | Score: | 0/10 | | | 3. | | | To implement a flow process in developing a lean system a firm might do which of the following? | | | Student Response | Value | Correct Answer | A. | Improve capacity utilization | | | B. | Build product in anticipation of demand | | | C. | Reduce setup/changeover time | | | D. | Eliminate some fixed costs | 0% | | E. | Implement groupware | | | | Score: | 0/10 | | | 4. | | | Which of the following is a lean production technique that has been successfully applied in service firms? | | | Student Response | Value | Correct Answer | A. | Decision trees | | | B. | Leveling the facility load | | | C. | Linear programming | | | D. | Fully