Question

In: Operations Management

The use of automated machines and investment in technology to reduce the number of employees is...

The use of automated machines and investment in technology to reduce the number of employees is an attempt to ______ productivity.

a.

decrease

b.

stabilize

c.

increase

d.

eliminate

In ______ scheduling, jobs are scheduled in the order in which they are received, while in ______, the job with the earliest promised delivery date is scheduled first.

a.

shortest operating time; earliest due date

b.

earliest due date; first come-first served

c.

first come-first served; shortest operating time

d.

first come-first served; earliest due date

Based on the tangibility of products, there are three product categories: ______.

a.

make-to-order, make-to-stock, make-to-custom

b.

tangible, intangible, mixed

c.

make-to-order, make-to-stock, assemble-to-order

d.

services, products, manufacturing

The notion that 20% of the reasons for out-of-control performance cause 80% of quality problems is called the ______.

a.

dashboard

b.

strategic cloud

c.

balanced scorecard

d.

Pareto principle

If you reduce labor costs and improve outputs, you are going to have ______ productivity.

a.

decreased

b.

no

c.

increased

d.

stable

Answering questions such as “Which employees will make which products?” “When, how, and where will they be produced?” and “How many of each will be produced?” is part of ______.

a.

inventory

b.

budgeting

c.

scheduling

d.

routing

All of the following are ways to increase productivity EXCEPT ______.

a.

increase the value of the outputs but maintain the value of the inputs

b.

increase the value of the outputs but decrease the value of the inputs

c.

maintain the value of the outputs but decrease the value of the inputs

d.

decrease the value of the outputs but maintain the value of the inputs

A cellular layout is best suited to which of the following industries?

a.

on-site customer work

b.

manufacturing industry

c.

manufacturing

d.

food prep/office work areas

Based on customer involvement, there are three product categories: ______.

a.

tangible, intangible, mixed

b.

make-to-order, make-to-stock, assemble-to-order

c.

services, products, manufacturing

d.

make-to-order, make-to-stock, make-to-custom

Operations is the function concerned with ______.

a.

transforming resource inputs into product outputs

b.

making sure that the organization stays within budget

c.

collecting feedback from customers

d.

advertising products

Solutions

Expert Solution

Answer:

1.c.Increase

Explanation:

Use of automation and technology will increase productivity and benefit workers and companies to get more profit.Automation can handle repetitive works in a quick way and use of technologies can reduce the working time and provides more high value tasks such as problem solving,finding solutions and developing new ideas

2.d.Frst come-first served,earliest due date

Explanation:

The first come jobs are processed first.It is based on FIFO queue.EDD is that jobs are processed according to the due date or earliest due date first

3.b.Tangible,intangible,mixed

Explanation:

Based on the tangibility , the product can be a  physical item that can be perceived by the sense of touch or the product can be perceived indirectly

4.d.Pareto principle

Explanation:

Pareto principle states that the idea that 80 percent of problems may be the result of as little as 20 percent of causes.for this first you need to identify the problems and not the causes first


Related Solutions

Advanced Digital Design is analyzing a capital investment project for using new computing technology to reduce...
Advanced Digital Design is analyzing a capital investment project for using new computing technology to reduce current operating costs. The new computing technology will have a five-year life with no salvage value at the end of five years. Advanced Digital Design’s cost of capital is 12%. Relevant cash flows and present value factors for 5 years @ 12% are as follows: Investment in computer technology = $500,000. Annual net cash savings from new computer technology = $135,000. Salvage value of...
The machines shown below are under consideration for an improvement to an automated candy bar wrapping...
The machines shown below are under consideration for an improvement to an automated candy bar wrapping process. Machine C Machine D First cost, $ –50,000 –65,000 Annual cost, $/year –10,000 –15,000 Salvage value, $ 12,000   25,000 Life, years 4 7 1.) Based on the data provided and using an interest rate of 8% per year, the Capital Recovery “CR” of Machine C is closest to: (All the alternatives presented below were calculated using compound interest factor tables including all decimal...
1) The machines shown below are under consideration for an improvement to an automated candy bar...
1) The machines shown below are under consideration for an improvement to an automated candy bar wrapping process. Determine which machine should be selected on the basis of an Annual Worth Analysis using an interest rate of 10% per year. (50 points) (Remember to include complete calculations for AWmachine C, AWmachine D, and selection) Machine C Machine D First cost, $ –40,000 –75,000 Annual cost, $/year –15,000 –10,000 Salvage value, $ 12,000 25,000 Life, years 3 6 Chapter 7_Rate of...
The machines shown below are under consideration for an improvement to an automated candy bar wrapping...
The machines shown below are under consideration for an improvement to an automated candy bar wrapping process. Determine which machine should be selected on the basis of an Annual Worth Analysis using an interest rate of 8% per year. (50 points) Machine C Machine D First cost, $ –40,000 –65,000 Annual cost, $/year –10,000 –12,000 Salvage value, $ 12,000 25,000 Life, years 3 6
The machines shown below are under consideration for an improvement to an automated candy bar wrapping...
The machines shown below are under consideration for an improvement to an automated candy bar wrapping process. Machine C Machine D First cost, $ –40,000 –75,000 Annual cost, $/year –15,000 –10,000 Salvage value, $ 12,000 25,000 Life, years 3 6 (Source: Blank and Tarquin) Question 1 (10 points) Based on the data provided and using an interest rate of 5% per year, the correct equation to calculate the Capital Recovery “CR” of Machine C is: CRC = –40,000(P/A, 5%, 3)...
A mine is considering the installation of automated equipment in its processing plant to reduce labour...
A mine is considering the installation of automated equipment in its processing plant to reduce labour costs from: $300,000 to $220,000 in year 1, from $330,000 to $240,000 in year 2, from $360,000 to $260,000 in year 3, and from $400,000 to $290,000 in year 4. The equipment will cost $200,000 now with an expected salvage value of $50,000 in four years. The minimum rate of return is 20%. Use IRR and NPV analysis to determine if the equipment should...
The management of Iroquois National Bank is considering an investment in automatic teller machines. The machines...
The management of Iroquois National Bank is considering an investment in automatic teller machines. The machines would cost $134,400 and have a useful life of seven years. The bank’s controller has estimated that the automatic teller machines will save the bank $28,000 after taxes during each year of their life (including the depreciation tax shield). The machines will have no salvage value. Use Appendix A for your reference. (Use appropriate factor(s) from the tables provided.) Required: 1.Compute the payback period...
Diebold Incorporated Diebold Incorporated manufactures, markets, and services automated teller machines in the United States. The...
Diebold Incorporated Diebold Incorporated manufactures, markets, and services automated teller machines in the United States. The following are selected numbers from the financial statements for Year 1 and Year 2 (in millions): Year 1             Year 2 Revenues                                                          $ 544.0           $ 620.0 Operating Expenses (465.1)             (528.5) Depreciation                                                          (12.5)              (14.0) = Earnings before Interest and Taxes 66.4                 77.5 Interest Expenses                                                     0.0                   0.0 Taxes                                                                  (25.3)              (29.5) = Net Income                                                    $ 41.1           $   48.0 Working Capital                                                $...
Rock Solid Bank and Trust (RSB&T) offers only checking accounts. Customers can write checks and use a network of automated teller machines.
Rock Solid Bank and Trust (RSB&T) offers only checking accounts. Customers can write checks and use a network of automated teller machines. RSB&T earns revenue by investing the money deposited; currently, it averages 5.2 percent annually on its investments of those deposits. To compete with larger banks, RSB&T pays depositors 0.5 percent on all deposits. A recent study classified the bank’s annual operating costs into four activities.ActivityCost Driver CostDriver VolumeUsing ATMNumber of uses$1,500,000 2,000,000usesVisiting branchNumber of visits 900,000 150,000visitsProcessing transactionNumber...
Consider requirements and technology for an analysis of an Automated Teller Machine (ATM) design. Type an...
Consider requirements and technology for an analysis of an Automated Teller Machine (ATM) design. Type an outline out for an ATM system design using the below HCI criteria. Use eye-tracker data to further analyze the product Consider accessibility (universal usability) issues such as lighting, physical placement of ATM, etc. Consider user profile issues, e.g. is this the first time a user is using an ATM? Requirement to perform beta and/or market tests? Are there other stress factors such as a...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT