WMBA 2003 Week 6 Final Exam Latest Update 2023>2024 rationale
Question 1
Assume you have been assigned the task of identifying a level strategy aggregate production plan for the upcoming year. You have been informed
...
WMBA 2003 Week 6 Final Exam Latest Update 2023>2024 rationale
Question 1
Assume you have been assigned the task of identifying a level strategy aggregate production plan for the upcoming year. You have been informed that beginning inventory is 2,000 units, your plan should
provide an ending inventory for the year equal to 500 units, and you have been provided the following forecasts of aggregate demand. What should be the planned rate of quarterly production?
Selected
Answer: 5,375 units
Correct
Answer: 5,375 units
Answer Feedback:
(pp. 295,[(6000 + 5500 + 5000 + 6500) +
500 - 2000]/4 = 5375)
Aggregate planning is concerned with matching supply and demand of output over a short time range of 2 to 3 months.
Selected
Answer: False
Correct
Answer: False
Answer Feedback:
(pp. 285, Aggregate planning is medium-term capacity planning.)
Measured by the mean absolute deviation, which of the forecast methods (1, 2 or 3) provides the highest degree of forecast accuracy for the five weeks of data shown below?
Selected
Answer: Methods 2 and 3 are equal
Correct
Answer: Methods 2 and 3 are equal
Answer Feedback:
(pp. 253 - both have MAD = 14/5 = 2.8)
Assume a business has $700,000 worth of inventory and averages
$10,000 per day in sales. Also assume it takes 30 days for the average customer to pay off its accounts receivable to this company and it takes 120 days for the company to pay for the materials supplied by the suppliers. What is the company's average cash-to-cash cycle time?
Selected
Answer: -20 days
Correct
Answer: -20 days
Answer Feedback:
(pp. 223 = Cash-to-cash cycle time = (700000/10000)
+ 30 -120 = -20 days)
Which of the following is not a qualitative approach to forecasting?
Selected
Answer: Box-Jenkins Method
Correct
Answer: Box-Jenkins Method
Answer Feedback:
(pp. 246, Table 11.2 - Box-Jenkins is a quantitative approach)
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