Yield management, also known as revenue management is the amount of output of acceptable quality emerging from a production system compared with the amount that entered it.

Question 1Yield management, also known as revenue management is the amount of output of acceptable quality emerging from a production system compared with the amount that entered it.

Question 2_________ means deciding which jobs to assign to which work centers.

Question 3Obtaining lower unit costs through the use of larger facilities is called economies of scope.

Question 4Uncertain waiting is longer than known, finite waiting.

Question 5Rough-cut capacity planning projects job orders and demands for materials into requirements for equipment, work force, and facility to find total capacity of each over the planning horizon.

Question 6Which of the following are measures of capacity in terms of outputs and inputs produced for the corresponding production system?

Question 7When a resource is scheduled as if it had unlimited capacity to handle any and all jobs, its schedule is called

Question 8In planning the long-term capacity of an operation, one should take into account:

Question 9The learning curve is the ability programmed in robots to increase their productive capacity through learning.

Question 10In the allocation of capacity, overbooking is an attempt to reduce costs through better schedule management.

Question 11Yield or revenue management would not be so appropriate if which of the following circumstances is present?

Question 12Which of the following is/are (a) technique(s) used for increasing short-run capacity

Question 13Some benefits of electronic data interchange include less redundancy, improved customer service, and better order tracing.

Question 14The term supply chain generally refers to all the activities involved in supplying an end user with a product or service.

Question 15Intranets are private networks to allow the organization to securely interact with external parties.

Question 16Which of the following is not a factor that is increasing the need to better manage the supply chain?

Question 17Which of the following is false about supply chains?

Question 18Under sole-sourcing arrangements, customers involve suppliers from the design stage, asking for larger deliveries of higher quality items in large batches that enable greater savings.

Question 19What is the least expensive transportation mode?

Question 20__________ may be thought of as the ability of one organization’s computer to communicate with another’s computer.

Question 21Risk costs include interest on money invested in inventory and in the land, buildings, and equipment necessary to hold and maintain the inventory.

Question 22Enterprise resource planning systems are designed to collect and interpret customer-based data.

Question 23__________ inventories exist because materials must be moved from one location to another.

Question 24Logistics consist(s) of the following, EXCEPT:

Question 25Which of the following is true about the bullwhip effect?

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