test Flashcards
Critical Path
ACDIM
Under which forecasting method does a group of managers meet to generate a forecast
executive opinion
In abc system, the typical %of the number of items in inventory for a items is about
10
Scheduling pertains to
timing the use of resources
Reducing overall completion time for an activity by adding more resources in the critical path is called
crashing
Project management differs from management of more traditional activities mainly because of
its limited time frame and its unique, defined set of activities
Which of the following is not a feature common to all forecasting models
This periods forecast error is needed to compute next periods forecast
Poka Yoke means
foolproofing
Objectives of inventory management are all of the following except
ABC Classification
Which one of the following is not a factor in developing forecasts
Capacity of the plant
JIT manufacturing cannot succeed if _____ costs are too high
setup
Pessimistic time of 6 to complete, optimistic time of 3, most likely time of 5
4.83
An operations strategy for inventory management should work toward
decreasing lot sizes
What are the two categories of quantitative methods of forecasting
Casual and time series
Which of the following is not an example of a high volume system
Aircraft manufacturing
