Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/15

Click to flip

15 Cards in this Set

  • Front
  • Back
A company wants to generate a forecast for unit demand for year 2011 using exponential smoothing. The actual demand in year 2010 was 120. The forecast demand in year 2010 was 110. Using this data and a smoothing constant alpha of 0.1, which of the following is the resulting year 2011 forecast value?
111
Lean production makes implementing green strategies in manufacturing processes more difficult.
False
Lean production is an integrated set of activities designed to achieve high-volume production using minimal inventories of raw materials, work in process, and finished goods.
True
In most cases, demand for products or services can be broken into several components. Which of the following is not considered a component of demand?
Past Demand
Which of the following forecasting methodologies is considered a causal forecasting technique?
Linear Regression
In the textbook Toyota's Fujio Cho identified which of the following types of waste to be eliminated?
Product Defects
Which of the following is the portion of observations you would expect to see lying within a plus or minus 3 MAD range?
98.334
A tracking signal (TS) can be calculated using the arithmetic sum of forecast deviations divided by the MAD.
True
Group technology (GT) is credited with which of the following benefits?
Reducing waiting time between process operations
One of the many JIT techniques that have been successfully applied in service firms is the eliminating of unnecessary activities.
True
The term "freeze window" refers to the practice of building quality into the process and not identifying quality by inspection.
False
Which of the following statements holds true for Kanban production control systems?
In a paperless control system, containers can be used instead of cards
Subcontractor networks are not very important in Japanese manufacturing.
False
In a forecasting model using simple moving average the shorter the time span used for calculating the moving average, the closer the average follows volatile trends.
True
In implementing a lean production system you should work with suppliers to do which of the following?
Make Frequent Delieveries