EXAM 2 Flashcards
Solutions from mathematical models of SOP problems should be executed without further discussion. T/F
F
A linear programming (LP) problem is one in which the objective function and all of the constraints are linear functions of the decision variables. T/F
T
The objective function and constraints in Mixed Integer Programming are significantly different than those in the LP model. T/F
F
In Linear Programming, it is possible to limit decision variables to have only integer values. T/F
F
SOP problems may be expressed as mathematical models where a set of decision variables are included with their associated costs. A decision variable may be
production output rate each period
SOP problems may be expressed as mathematical models where a set of decision variables are included with their associated costs. A decision variable may be
the number of workers to be employed each period
MPS supports the Resource Planning activity in the front-end of the. MPC framework. T/F
F
On a day-to-day basis, the MPS provides the information by which sales and manufacturing are coordinated. T/F
T
A listing of all the subassemblies, intermediates, parts, and raw materials that go into a parent assembly is referred to as the Bill of Materials (BOM). T/F
T
MPS specifies the products (or product options) that will be completed, the time of completion, and the quantities to be completed. T/F
T
SOP provides a direct input to MPS. T/F
T
Manufacturing uses a lot size procedure producing inventories that last between production runs. This inventory is referred to as
cycle stock
A planning bill of materials is most likely used in which MPC environment?
Assemble-to-Order
When the delivery date (promise date) is negotiated with customers, the coordination with MPS is made by using the following concept
Available-to-Promise (ATP)
Chase Strategy will always be inferior to Mixed Strategy T/F
F
If inventory holding costs are high, it is more likely that a level strategy will be used. T/F
F
SOP meeting is held once a year. T/F
F
Many key sales and operations planning linkages are outside the MPC system. T/F
T
The operations plan is a form of demand forecast. T/F
F
The most obvious need for integrated planning and control is between
sales, marketing, and production
The operations plans is
a managerial statement of desired production output
SOP provides which of the following benefits?
A basis to focus production resources
Key communications links for top management
___ describes the related options or modules that make up the average end item?
super bill of materials
___ is a statement of the specific products that make up that output
MPS
___ is an aggregate statement of the manufacturing output required to reach company objectives
SOP PLAN
The make-to-order (or engineer-to-order) company, in general, carries no finished-goods inventory and builds each customer order as needed. T/F
T
A planning bill of materials describes the related options or modules that make up the average end item. T/F
T
SOP problems may be expressed as mathematical models with a set of constraints. A typical constraint may be
resource capacities per period
SOP problems may be expressed as mathematical models with a clearly defined objective function which may be
Cost Minimization or Revenue Maximization
Mathematical programming of SOP problems yields heuristic solutions. T/F
F
When an SOP problem is formulated as a mathematical model, it provides the significant benefit of performing sensitivity analysis. T/F
T
Which of the following statements is true?
The SOP is usually stated in aggregate units
The MPS is usually stated in end product units
The demand management function’s contribution to SOP is
monitoring the match between actual and forecast demand
The intention of the SOP process is to produce complete and integrated plans, budgets, objectives, and goals that are used by managers to make decisions and provide the basis for evaluating performance. T/F
T
A stable operations plan results in far fewer execution problems. T/F
T
The value of the SOP is questionable if there is no monitoring of performance. T/F
T
The cushion to protect the master production schedule against uncertainty in demand is referred to as
Safety Stock
4 Problem Solving STEPS
PLAN
DO
CHECK
ACT
4 TYPES OF PROBLEM SOLVING
Troubleshooting
Gap from standard
Target condition
Open-ended
General Format of an A3
5 TOYOTA STARTER KATA QUESTIONS
- TARGET CONDITION?
- CURRENT ACTUAL CONDITION?
- OBSTACLES?
- NEXT STEP?
- HOW QUICKLY CAN WE GO AND SEE WHAT WE HAVE LEARNED FROM TAKING THE STEP?
