OMIS 338 - Ch. 14 Quiz

All of the following are typical objectives of resource management EXCEPT ____________________

increase product demand

All of the following are true about aggregate planning EXCEPT that aggregate

plans define output levels over a planning horizon of one to two week

___________________________ specifies more-detailed plans for the creation of individual goods and services or the allocation of capacity to specific time periods.

disaggregation

_______________________ resource planning integrates all aspects of a business into a unified information system.

Enterprise

When assessing aggregate planning variables, pricing strategies is an example of ____________________________ and subcontracting is an example of a(n) ________________________ option

demand management; production rate

When assessing aggregate planning variables, acquisition and training costs are examples of implications of the ____________________ options

workforce

When calculating the production level in an aggregate production plan, if you know the ___________________________ and ______________________________ for each period, the ending inventory is easily determined

production; demand

A(n) ___________________ production strategy plans for the same production rate in each time period. A(n) ____________________ production strategy sets the production rate equal to the demand in each time period.

level; chase demand

Product mix models seek to determine quantities of different products to produce and sell in order to maximize contribution to __________________

profit

All of the following are true about process selection models EXCEPT ____________________________________________________________.

the objective is usually to meet demand requirements

_______________________________________________________________________________ best describes a master production schedule.

A statement of how many finished items are to be produced and when they are to be produced

A bill of __________________ defines the hierarchical relationships between all items that comprise a finished good. A bill of ________________ is a hierarchical record that defines work inputs necessary to create a good or service.

materials; labor

All of the following are basic concepts of MRP EXCEPT __________________________

inventory management to minimize downtime

The equation Setup time (S i ) + Processing time (P i ) × Order size (Q i ) measures:

a. Maximum output (M i )

b. Control limitations (C i )

c. Capacity required (C i )

d. Demand rate (D i )

c. Capacity required (C i )

___________________________________________________________________________________ best defines capacity resource planning.

the process of determining the amount of labor and machine resources required to complete the tasks of production on a more detailed level