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Flashcards in EXAM 2 Deck (41)
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1

Solutions from mathematical models of SOP problems should be executed without further discussion. T/F

F

2

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

3

The objective function and constraints in Mixed Integer Programming are significantly different than those in the LP model. T/F

F

4

In Linear Programming, it is possible to limit decision variables to have only integer values. T/F

F

5

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

6

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

7

MPS supports the Resource Planning activity in the front-end of the. MPC framework. T/F

F

8

On a day-to-day basis, the MPS provides the information by which sales and manufacturing are coordinated. T/F

T

9

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

10

MPS specifies the products (or product options) that will be completed, the time of completion, and the quantities to be completed. T/F

T

11

SOP provides a direct input to MPS. T/F

T

12

Manufacturing uses a lot size procedure producing inventories that last between production runs. This inventory is referred to as

cycle stock

13

A planning bill of materials is most likely used in which MPC environment?

Assemble-to-Order

14

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)

15

Chase Strategy will always be inferior to Mixed Strategy T/F

F

16

If inventory holding costs are high, it is more likely that a level strategy will be used. T/F

F

17

SOP meeting is held once a year. T/F

F

18

Many key sales and operations planning linkages are outside the MPC system. T/F

T

19

The operations plan is a form of demand forecast. T/F

F

20

The most obvious need for integrated planning and control is between

sales, marketing, and production

21

The operations plans is

a managerial statement of desired production output

22

SOP provides which of the following benefits?

A basis to focus production resources

Key communications links for top management

23

___ describes the related options or modules that make up the average end item?

super bill of materials

24

___ is a statement of the specific products that make up that output

MPS

25

___ is an aggregate statement of the manufacturing output required to reach company objectives

SOP PLAN

26

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

27

A planning bill of materials describes the related options or modules that make up the average end item. T/F

T

28

SOP problems may be expressed as mathematical models with a set of constraints. A typical constraint may be

resource capacities per period

29

SOP problems may be expressed as mathematical models with a clearly defined objective function which may be

Cost Minimization or Revenue Maximization

30

Mathematical programming of SOP problems yields heuristic solutions. T/F

F