OPS 571 Final Exam 2016 Answers Free for Operation Management
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Q10. The centroid method <strong>for</strong> plant location uses which of the following data?<br />
1. Inbound transportation costs<br />
2. Volume of goods to be shipped between existing points<br />
3. Transport times between facilities<br />
4. Correlation matrix of existing facilities<br />
Q11. The Pareto principle is best applied to which of the following inventory systems?<br />
1. EOQ<br />
2. Fixed-time-period<br />
3. Fixed-order quantity<br />
4. ABC classification<br />
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<br />
allows them to reduce their costs on each lot, what is the total cost of producing 5 lots?<br />
1. $8,062.00<br />
2. $4,031.00<br />
3. $9,376.50<br />
4. $10,000.00
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