Quiz Resource Management

Given the following, assign employees to projects. The numbers given in the matrix are the hours each employee would take to work on the project. Your objective is to minimize the number of hours worked. What is the cost of the project if each employee is paid $100/hour?

(5 + 6 + 6 + 4) x $100 = $2,100

Given the following, what is the planned receipt for item B?

200 in day 4

Calculate the safety stock needed if the firm desires a 95% service level, the standard deviation of demand is 10 and the lead time is 3 weeks.

28

How many days in advance shall we start the production to satisfy an order for X?

8

Use the product structure tree and the inventory records to determine how many item Cs should be ordered in order to produce 20 phones

97

Assign each employee to a project to minimize costs. Initial Matrix Project Employee A B C Tom 6 9 11 Susan 8 12 10 Sam 7 5 5 What is the correct answer?

Assign Tom to Project A, Susan to Project C, and Sam to Project B

The pull model is make-to-stock.

False

In an MRP system, end-item demand is:

established by the master production schedule

Which of the following lot-sizing techniques requires you to purchase exactly what is needed?

lot-for-lot

Use the product structure tree and the lead time information (in weeks) to determine when an order for Fs should be placed to deliver phones in week 10 if the phones require 2 weeks to assemble. Assume there is no starting inventory for any component or end item. ItemLead TimeA2B1C3D2E3F2

week 3