MGMT E 5050 Student Slides THIRD EXAMIN
Professor Philip Vaccaro
MGMT E-5050 STRATEGIC RESOURCE ALLOCATION and PLANNING
3rd (FINAL) EXAMINATION , Aggregate Planning (slides) and Chapter 12 (text)
NAME_____Due Thursday, January 23rd , 2014
MULTIPLE CHOICE
1. In the aggregate planning problem, total labor force costs are:
a. $96,562.50 b. $93,827.00 c. $93,750.00 d. none of the above.
2. In the aggregate planning problem, stockout costs are:
a. $0.00 b. $1,500.00 c. $2,000.00 d. none of the above.
3. In the aggregate planning problem, carry costs are:
a. $4,760.00 b. $7,329.00 c. $7,385.00 d. none of the above.
4. In the aggregate planning problem, stockouts occur in:
a. October b. November c. December d. none of the above.
5. Which one of the following is an aggressive alternative for aggregate planning?
a. use seasonal inventories to buffer the manufacturing process from variations in customer demand. b. offer complementary products or services with contra-cyclical demand require- ments. c. use overtime and undertime to change work force levels. d. use subcontracting to overcome short-term capacity shortages.
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6. The critical path of a project network is the:
a. shortest time path through the network. b. path with the fewest activities. c. path with the most activities. d. longest time path throught the network. e. none of the above.
7. Given an activity’s optimistic, most likely, and pessimistic time estimates of 4, 14, and 18 days respectively, compute the PERT expected activity time for this activity.
a. 14 b. 12 c. 11 d. 13 e. none of the above.
8. Given an activity’s optimistic, most likely, and pessimistic time estimates of 2, 10, and
MGMT E-5050 STRATEGIC RESOURCE ALLOCATION and PLANNING
3rd (FINAL) EXAMINATION , Aggregate Planning (slides) and Chapter 12 (text)
NAME_____Due Thursday, January 23rd , 2014
MULTIPLE CHOICE
1. In the aggregate planning problem, total labor force costs are:
a. $96,562.50 b. $93,827.00 c. $93,750.00 d. none of the above.
2. In the aggregate planning problem, stockout costs are:
a. $0.00 b. $1,500.00 c. $2,000.00 d. none of the above.
3. In the aggregate planning problem, carry costs are:
a. $4,760.00 b. $7,329.00 c. $7,385.00 d. none of the above.
4. In the aggregate planning problem, stockouts occur in:
a. October b. November c. December d. none of the above.
5. Which one of the following is an aggressive alternative for aggregate planning?
a. use seasonal inventories to buffer the manufacturing process from variations in customer demand. b. offer complementary products or services with contra-cyclical demand require- ments. c. use overtime and undertime to change work force levels. d. use subcontracting to overcome short-term capacity shortages.
-2-
6. The critical path of a project network is the:
a. shortest time path through the network. b. path with the fewest activities. c. path with the most activities. d. longest time path throught the network. e. none of the above.
7. Given an activity’s optimistic, most likely, and pessimistic time estimates of 4, 14, and 18 days respectively, compute the PERT expected activity time for this activity.
a. 14 b. 12 c. 11 d. 13 e. none of the above.
8. Given an activity’s optimistic, most likely, and pessimistic time estimates of 2, 10, and