Question

1,2,3,4,5,6

1. Most inventory models are based on A) profit maximization. B) optimum influence on demand. C) minimizing setup times. D) cost minimization. E) minimizing lead time. 2. Lean operations are known for their: a. employee development. b. supplier education. c. supplier partnerships. d. challenging jobs. e. All of the above are attributes of lean operations. 3. A graphic technique for defining the relationship between customer desires and product/service characteristics is: a. Product Lifecycle Management graph b. the moment of truth c. the assembly drawing d. the House of Quality e. the product development graph 4. Control charts for variables are based on data that come from a. acceptance sampling b. individual items C. averages of small samples d. averages of large samples e. the entire lot 5. Which of the following costs of quality are incurred when customers redeem a warranty? A) costs of prevention B) costs of detection/appraisal C) external costs of failure D) internal costs of failure 6. The goal of the basic EOQ model is to: A) minimize order size B) minimize order cos minimize holding cost minimize the sum of purchasing and ordering costs minimize the sum of ordering and holding costs

Answer 1

Ans1:- (d) cost minimisation
Ans2:- (e) all of the above
Ans3:- (d) House of quality

Ans 4:- (c) average of small samples

Ans5:- (c) external cost of failure

Ans 6:- (e) mininize the sum of ordering and holding cost