POM Reviewer
POM Reviewer
POM Reviewer
A forecaster must decide on the value of this factor before he can use the
exponential smoothing model. *
A forecaster must calculate this value to assess the accuracy of a time series
forecasting model. *
Averaging period
Correlation coefficient
Exponential smoothing constant
Mean absolute deviation
In this forecasting method, managers of the organization discuss and must reach a
consensus to arrive at a forecast. *
Delphi technique
Executive opinion
Historical analogy
Sales force composite
In this forecasting method, the actual demand data for the most recent period is
adopted as the forecast for the immediately succeeding period *
Naive approach
Simple moving average
Historical analogy
Exponential smoothing
This description of the future is a major basis of planning and all the other
management functions. *
Exponential smoothing
Forecast
Linear regression
Time series
Executive opinion
Historical analogy
Market survey
Naive approach
Linear regression
Qualitative
Quantitative
Time series
Which forecasting model assumes that what will happen in the immediately
succeeding period is most likely similar to what happened this period than to that of,
say, three periods ago? *
Delphi technique
Linear regression
Naive approach
Weighted moving average
In this layout design, the facility is arranged such that workstations and equipment
are grouped together according to the function that they perform. *
Cellular
Fixed-position
Process
Product
In this layout design, the facility is arranged such that workstations and equipment
are in a line to provide the sequence of operations required to create the product. *
Cellular
Fixed-position
Process
Product
Batch
Continuous
Intermittent
Repetitive
Conversion systems that produce high volume, low variety products. *
Batch
Continuous
Intermittent
Repetitive
Cellular
Fixed-position
Process
Product
Cellular
Fixed-position
Process
Product
Cellular
Fixed-position
Line balancing
Load-distance
Mathematical model appropriate for product layout design. *
Cellular
Fixed-position
Line balancing
Load-distance
Output capacity
Precedence requirements
Tasks to be done
Following are data needed when designing a facility according to product layout
design, EXCEPT: *
Operating time
Output capacity
Tasks to be done
The 2-month SMA forecast for Month 6 would be: *
565 haircuts
574 haircuts
578 haircuts
584 haircuts
With weights of 0.5, 0.3, and 0.2, the WMA forecast for Month 6 would be: *
565 haircuts
574 haircuts
578 haircuts
584 haircuts
565 haircuts
574 haircuts
578 haircuts
584 haircuts
With MAD as the criterion, the best forecasting model for this time series data is: *
Naïve approach
2-week SMA
565 haircuts
574 haircuts
578 haircuts
584 haircuts
With Time Period as the independent variable, the equation of the regression line is:
*
y = 0.31 + 1.20x
y = 0.79 + 3.47x
y = 1.20 + 0.31x
y = 3.47 + 0.79x
With Time Period as the independent variable, the carpet sales forecast for Month 11
is: *
7,400 yards
12,160 yards
24,310 yards
38,960 yards
With Monthly Construction Permits as the independent variable, the equation of the
regression line is: *
y = 0.31 + 1.20x
y = 0.79 + 3.47x
y = 1.20 + 0.31x
y = 3.47 + 0.79x
With Monthly Construction Permits as the independent variable, the carpet sales
forecast if 20 construction permits for new homes are filed is: *
7,400 yards
12,160 yards
24,310 yards
38,960 yards
Using correlation coefficient as the criterion, the better forecasting model is: *
Layout A
Layout B
Layout C
Layout D
5 points
10,640 feet
15,960 feet
26,600 feet
38,800 feet
3 workstations
3.5 workstations
3.83 workstations
4 workstations
5 workstations
All of the tasks A, B and C should be finished first before task F can be started.
All of the tasks A through H should be finished first before task I can be started.
All of the tasks B, E, C and F should be finished first before task H can be started.
There's only one best layout for this line balancing problem. *
True
False
Layout A
Layout B
Layout C
Layout D
76.67%
85%
95.83%
100%
Cannot be determined