Can someone answer these correct under an hour?

timer Asked: Apr 20th, 2017

Question description


  1. A bottleneck is ___________.
    a problem in operation.
    a problem in operation that cannot be solved easily.
    a situation that causes the lean operations to have much wastage.
    something that slows down the operation.

10 points


  1. Scenario B
    The annual demand is 8,000 units, the cost to place an order is $50, and the holding cost for each assembly is $20 per year. The company operates 250 days per year. The manager decides to placed every three months, or four times per year. How much does this approach cost in total annual holding and ordering costs (instead of using the EOQ quantity)?
    > $19K
    > $8K but < = $13.9K
    > $14K but < = $18K
    < $7K

10 points


  1. We can use the cause-and-effect diagram to ___________.
    detect problems or bottleneck.
    find some possible problems in operation.
    find some possible solutions for a problem.
    find some possible problems in operation and find some possible solutions.

10 points


  1. A company operates 50 weeks per year and five days per week. We would like to implement a periodic review system for all products with the following characteristics:
    Demand = 10,000 units per year (or 40 units per workday)
    Order cost = $50 per order
    Holding cost = $5 per unit per year
    If we wish to minimize total cost (thereby approximating the EOQ), the number of workdays between orders (or P), should be:
    between 7 to 9 days.
    less than 7 days.
    more than 13 days.
    between 10 to 12 days.

10 points


  1. A VSM of an operation shows us ____________.
    the areas in the operation where some of the waste happens.
    the areas in the operation where we can save money.
    the areas in operation where we can see all the departments and their activities.
    nothing more than few movements of the product.

10 points


  1. The demand is 300 units, the cost to place an order is $40, and the holding cost for each unit is $60 per year. The company operates 250 days per year. How many times per year should we order using the EOQ quantity?
    > 10 but < or = 20
    < or = 10
    > 20 but < = 30
    > 40

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