OPS 571 Final Exam 2016 Answers Free for Operation Management

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http://www.studentwhiz.com Q10. The centroid method <strong>for</strong> plant location uses which of the following data? 1. Inbound transportation costs 2. Volume of goods to be shipped between existing points 3. Transport times between facilities 4. Correlation matrix of existing facilities Q11. The Pareto principle is best applied to which of the following inventory systems? 1. EOQ 2. Fixed-time-period 3. Fixed-order quantity 4. ABC classification Q12. A company can produce a small lot of products the first time at a cost of $2,000. If their 85 percent learning curve allows them to reduce their costs on each lot, what is the total cost of producing 5 lots? 1. $8,062.00 2. $4,031.00 3. $9,376.50 4. $10,000.00
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OPS 571 Final Exam 2016 Answers Free for Operation Management

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