Operations Management Review Sheet - Exam 2 (Wednesday, October 23, 2002)
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Capacity Planning – Design Capacity, Effective Capacity, Actual Output
Efficiency versus Utilization
Bottlenecks and Capacity
Quantitative Approaches to Capacity Planning (Decision Trees)
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Product versus Process-Oriented Layout
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Location Strategies
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Product Facility
Regional Facility
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Location Strategies
o Load Distance (Center of Gravity) Method
o Vogel’s Approximation Method (VAM) versus Linear Programming (LP)
o Penalty Cost (logic behind a penalty cost in VAM)
o The use of a “dummy” row or column in VAM
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PERT/CPM (Project Management)
One time estimate versus three time estimates for an activity
Activity Variance versus Project Variance
Project completion dates and probabilities
Critical Path(s)
Slack
Shortening Project Completion Times
TEST FORMAT:
Multiple Choice – 27 Questions @ 3.7 each
15 Quantitative
12 Qualitative