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15 Cards in this Set
- Front
- Back
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A company wants to generate a forecast for unit demand for year 2011 using exponential smoothing. The actual demand in year 2010 was 120. The forecast demand in year 2010 was 110. Using this data and a smoothing constant alpha of 0.1, which of the following is the resulting year 2011 forecast value?
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111
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Lean production makes implementing green strategies in manufacturing processes more difficult.
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False
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Lean production is an integrated set of activities designed to achieve high-volume production using minimal inventories of raw materials, work in process, and finished goods.
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True
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In most cases, demand for products or services can be broken into several components. Which of the following is not considered a component of demand?
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Past Demand
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Which of the following forecasting methodologies is considered a causal forecasting technique?
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Linear Regression
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In the textbook Toyota's Fujio Cho identified which of the following types of waste to be eliminated?
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Product Defects
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Which of the following is the portion of observations you would expect to see lying within a plus or minus 3 MAD range?
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98.334
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A tracking signal (TS) can be calculated using the arithmetic sum of forecast deviations divided by the MAD.
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True
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Group technology (GT) is credited with which of the following benefits?
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Reducing waiting time between process operations
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One of the many JIT techniques that have been successfully applied in service firms is the eliminating of unnecessary activities.
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True
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The term "freeze window" refers to the practice of building quality into the process and not identifying quality by inspection.
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False
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Which of the following statements holds true for Kanban production control systems?
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In a paperless control system, containers can be used instead of cards
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Subcontractor networks are not very important in Japanese manufacturing.
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False
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In a forecasting model using simple moving average the shorter the time span used for calculating the moving average, the closer the average follows volatile trends.
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True
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In implementing a lean production system you should work with suppliers to do which of the following?
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Make Frequent Delieveries
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