BOP 209

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BOP 209 Final Exam 100% Correct Answers Paste the above URL into your browser For Any Information or Any Class Which you Did not find on Our Website, Just Hit US Email On below address Email Address: Visit Our Website : BOP 209 Final Exam 100% Correct Answers 1. (TCO 8) what are the three parts of a wait-line system? 2. (TCO 9) what is the objective function of LP? 3. (TCO 11 & 12) what are two of the steps in a simplex maximization problem? 4. (TCO 10) what will happen if the right-hand side of a constraint is changed? 5. (TCO 15 & 16) What are three of the basic steps that both PERT and CPM follow?…show more content…
(TCO 16) what is a "dummy activity?" 7. (TCO 3, 4, & 5) what is the formula for linear regression? Define each part. 8. (TCO 1) what are the four qualitative forecasting approaches that are available to us? 9. (TCO 6) Describe the "revenue junction." 10. (TCO 8) what are the three parts of a typical queuing system? 11. (TCO 8) When designing a waiting line system, what "qualitative" concerns need to be considered? 12. (TCO 8) what is the expected value with perfect information? 1. (TCO 1 &2) what is the forecast for Aug based on a weighted moving average applied to the following past demand data and using the weights: 5, 3, 1.5? (largest weight is for most recent data) Feb. Mar. Apr. May Jun. Jul. 30 35 22 27 33 40 2. (TCO 3, 4, and 5) The XYZ Paint Shop owns and operates a dozen shops in southern Iowa. Their signature paint is black epoxy. Sales (X, in millions of dollars) is related to Profits (Y, in hundreds of thousands of dollars) by the regression equation Y = 6.321 + 0.65X. What is your forecast of profit for a store with sales of $25 million? $65
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