rue uestions each: 14 questions in total)-No need to ur choice i. True/False: In
ID: 337702 • Letter: R
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rue uestions each: 14 questions in total)-No need to ur choice i. True/False: In a queuing system with 5 servers, if the system's utilization is 80% then there is on average one idle server ii. True/False: When a process is capacity-constrained, then customers (in-coming flow units) can expect a wait time that is given by the equation iii. True/False: Similar to the example discussed in class, Alice needs to pay the wedding caterer for each guest she will have at her wedding, and must decide how many guests to write into the contract. In her case, the overage cost represents the cost of underestimating the number of guests who arrive, and having to pay the wedding caterer a higher price for each extra guest over her original estimate iv. True/False: Holding all else equal, if you increase the desired service level ? from 0.8 to 0.9 in a multi-period inventory system with continuous review and uncertain demand, then your required reorder point R will decrease v. True/False: Consider the replenishment of milk for a supermarket. Replenishment is done using a (R.Q) policy; demand is stable/certain and leadtime is 1 week. If the leadtime increases to 2 weeks, then the optimal reorder point R will increase vi. True/False: In a multi-period inventory system with continuous review and uncertain demand, if demand uncertainty (captured via ?) increases then your required reorder point R will increase vii. True/False: The EOQ quantity increases as the lead time increases True or False: A shirt takes on average 10 minutes to move through the manufacturing process at the plant. On average, the plant has 100 t-shirts in the process. Therefore, on average, the plant makes 600 shirts an hour viii. ix. True/False: The profit maximizing order quantity is when the overage costs and underage costs are equal (True/False) By increasing the bottleneck's capacity by 10%, the process capacity will always increase by 10% as well x.Explanation / Answer
rue uestions each: 14 questions in total)-No need to ur choice i. True/False: In a queuing system with 5 servers, if the system's utilization is 80% then there is on average one idle server ii. True/False: When a process is capacity-constrained, then customers (in-coming flow units) can expect a wait time that is given by the equation iii. True/False: Similar to the example discussed in class, Alice needs to pay the wedding caterer for each guest she will have at her wedding, and must decide how many guests to write into the contract. In her case, the overage cost represents the cost of underestimating the number of guests who arrive, and having to pay the wedding caterer a higher price for each extra guest over her original estimate iv. True/False: Holding all else equal, if you increase the desired service level ? from 0.8 to 0.9 in a multi-period inventory system with continuous review and uncertain demand, then your required reorder point R will decrease v. True/False: Consider the replenishment of milk for a supermarket. Replenishment is done using a (R.Q) policy; demand is stable/certain and leadtime is 1 week. If the leadtime increases to 2 weeks, then the optimal reorder point R will increase vi. True/False: In a multi-period inventory system with continuous review and uncertain demand, if demand uncertainty (captured via ?) increases then your required reorder point R will increase vii. True/False: The EOQ quantity increases as the lead time increases True or False: A shirt takes on average 10 minutes to move through the manufacturing process at the plant. On average, the plant has 100 t-shirts in the process. Therefore, on average, the plant makes 600 shirts an hour viii. ix. True/False: The profit maximizing order quantity is when the overage costs and underage costs are equal (True/False) By increasing the bottleneck's capacity by 10%, the process capacity will always increase by 10% as well x.
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