MGMT 600 American Graduate University Operations Management Exam

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Management

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American Graduate University

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Mgmt 600

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610-1

FINAL EXAMINATION

OPERATIONS MANAGEMENT

COURSE 610

Please read the following:

To submit a final examination, the student should enter the AGU website at http://www.agu.edu and

click on “for Current Students” in the right hand corner. This will take you directly to the Student

Center. Click on “Online Exams.” Then click on the appropriate “AGU Electronic Examination

Form.” This will bring up an electronic form which can be completed and submitted by the student.

If you are unable to submit the examination electronically you may fax (626-332-8149) or e-mail

(studentservices@agu.edu) the Answer Sheet at the end of the exam, as well as the answers to the

Case Studies, to Student Services.

If this is a proctored exam, your proctor must e-mail or fax your answers to Student Services.

Submit any inquiries through “Contact Us” on the webpage, or by contacting Student Services at

studentservices@agu.edu.

MULTIPLE CHOICE:

Question 1: Larry’s Auto Body Repair Shop had revenues that averaged $60,000 per week in

April and $50,000 per week in May. During both months, the shop employed six

full-time (40 hours/week) workers. In April the firm also had four part-time workers

working 25 hours per week but in May there were only 2 part-time workers and they

only worked 10 hours per week. What is the percentage change in labor productivity

from April to May for Larry’s Auto Body Repair?

(a) 17.65

(b) 15.84

(d) 1.76

(e) 19.23

Question 2: Apply linear programming to this problem. A one-airplane airline wants to determine

the best mix of passengers to serve each day. Their airplane seats 25 people and flies

8 one-way segments per day. There are two types of passengers: first class (F) and

coach (C). The cost to serve each first class passenger is $15 per segment and the

cost to serve each coach passenger is $10 per segment. The marketing objectives of

the airplane owner are to carry at least 13 first class passenger-segments and 67

coach passenger-segments each day. In addition, in order to break even, they must at

least carry a minimum of 110 total passenger segments each day. Which of the

following is one of the constraints for this linear program?

(a) 15 F + 10 C => 110

(b) 1 F + 1 C => 80

(d) 1 F => 13

(e) 13 F + 67 C =< (80/200)

610-2

Question 3: Apply linear programming to this problem. A firm wants to determine how many

units of each of two products (products X and Y) they should produce in order to

make the most money. The profit from making a unit of product X is $190 and the

profit from making a unit of product Y is $112. The firm has a limited number of

labor hours and machine hours to apply to these products. The total labor hours per

week are 3,000. Product X takes 2 hours of labor per unit and Product Y takes 6

hours of labor per unit. The total machine hours available are 750 per week. Product

X takes 1 machine hour per unit and Product Y takes 5 machine hours per unit.

Which of the following is one of the constraints for this linear program?

(a) 1 X + 5 Y =< 750

(b) 2 X + 6 Y => 750

(d) 1 X + 3 Y =< 3,000

(e) 2 X + 6 Y =>3,000

Question 4: An assumption of three-activity-time CPM analysis is that the activity time estimates

conform to the beta distribution. Which of the following is a valid criticism of this

assumption?

(a) Project activities cannot always be networked

(b) Project control doesn’t focus enough on the critical path

(d) Beta distributions do not occur naturally

(e) None of the above

Question 5: In CPM analysis it is generally expected that the relationship between activity direct

costs and project indirect costs will be which of the following?

(a) Positively related

(b) Optimally related

(d) Not related

(e) Fractionally related

Question 6: The purpose of Value Analysis/Value Engineering (VA/VE) is to:

(a) Simplify products and processes

(b) Improve the value that customers find in existing products

(d) Meet budgets and improve the results of financial models

(e) Facilitate better cooperation between business functions

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FINAL EXAMINATION OPERATIONS MANAGEMENT COURSE 610 Please read the following: To submit a final examination, the student should enter the AGU website at http://www.agu.edu and click on “for Current Students” in the right hand corner. This will take you directly to the Student Center. Click on “Online Exams.” Then click on the appropriate “AGU Electronic Examination Form.” This will bring up an electronic form which can be completed and submitted by the student. If you are unable to submit the examination electronically you may fax (626-332-8149) or e-mail (studentservices@agu.edu) the Answer Sheet at the end of the exam, as well as the answers to the Case Studies, to Student Services. If this is a proctored exam, your proctor must e-mail or fax your answers to Student Services. Submit any inquiries through “Contact Us” on the webpage, or by contacting Student Services at studentservices@agu.edu. MULTIPLE CHOICE: Question 1: Larry’s Auto Body Repair Shop had revenues that averaged $60,000 per week in April and $50,000 per week in May. During both months, the shop employed six full-time (40 hours/week) workers. In April the firm also had four part-time workers working 25 hours per week but in May there were only 2 part-time workers and they only worked 10 hours per week. What is the percentage change in labor productivity from April to May for Larry’s Auto Body Repair? (a) (b) (c) (d) (e) Question 2: 17.65 15.84 8.97 1.76 19.23 Apply linear programming t ...
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Tags: linear programming CPM analysis Value Analysis Value Engineering business functions financial models