Exponential Smoothing

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DeVry GSCM 520 Final Exam IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/DeVry-GSCM-520-Final-Exam-89895494.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Final Exam Page: 1 2 3 Page 1 Question 1. 1. (TCOs 1 and 2) A major competitive dimension that forms a company's strategic operational competitive position in their strategic planning is which of the following? (Points : 4) Cost or price Focus Automation Straddling Activity-system mapping Question 2. 2. (TCO 1) One of the package of features that make up a service is (Points : 4) appearance. facilitating goods.…show more content…
3. (TCO 5) You are using an exponential smoothing model for forecasting. The running sum of the forecast error statistics (RSFE) are calculated each time a forecast is generated. You find the last RSFE to be 34. Originally, the forecasting model used was selected because its relatively low MAD of 0.4. To determine when it is time to reevaluate the usefulness of the exponential smoothing model, you compute tracking signals. Which of the following is the resulting tracking signal? (Points : 4) 85 60 13.6 12.9 8 Question 4. 4. (TCO 5) The way to build in greater flexibility in your workers is to do which of the following? (Points : 4) Pay higher wages to motivate a willingness to do a variety to tasks. Provide a broader range of training. Provide a wide variety of technology to augment workers skills. Institute a "pay for skills" program. Use part-time employees with specialized skills as needed. Question 5. 5. (TCO 6) The Malcolm Baldrige National Quality Award is given to organizations that have done which of the following? (Points : 4) Instituted a six-sigma approach to total quality control Demonstrated a high level of product…show more content…
7. (TCOs 7 and 8) Which of the following is a dynamic lot-sizing technique that adds ordering and inventory carrying cost for each trial lot size and divides by the number of units in each lot size, picking the lot size with the lowest unit cost? (Points : 4) Economic order quantity Lot-for-lot Least total cost Least unit cost Inventory item averaging Question 8. 8. (TCOs 4 and 8) Which of the following is a dynamic lot-sizing technique that calculates the order quantity by comparing the carrying cost and the setup (or ordering) costs for various lot sizes and then selects the lot size in which these are most nearly equal? (Points : 4) Kanban Just-in-time system MRP Least unit cost Least total cost Question 9. 9. (TCO 3) When considering outsourcing, what should firms be sure to avoid? (Points : 4) Losing control of noncore activities that don't distinguish the firm Allowing outsourcing to develop into a substitute for innovation Giving the outsourcing partner opportunities to become a strong competitor Allowing employees transferred to the outsourcing partner to rejoin the

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