Reference no: EM132190788

1. Which of the following statements are FALSE about CPM? (Check ALL that apply)

a) The projects completion time follows a normal distribution

b) Deterministic time estimates are used to determine the completion time of each project activity

c) A backward pass determines the latest start and finish times for each project activity

d) The project completion time follows a beta distribution

e) Probabilistic time estimates are used to determine the completion time for each project activity.

2. C&A has an ordering cost of $200, and an annual cost holding cost per unit of $10. If demand is 300 units per year and C&A's current order quantity is 100 units. Which of the following conclusion can be drawn?

A) C&A's ordering cos is less than its holding cost

B) C&A's ordering cost is greater than its holding cost

C) C&A's maximum inventory level is 110 units

D) C&A's has the lowest total inventory costs

E) C&A's ordering cost is equal to its holding cost

3. C&A cupcake has a daily demand of 100 units, a production rate per day of 600 units, a setup cost of $200, and an annual holding cost per unit of $10. C&A operates 300 days per year. What is the maximum inventory level under the EPQ policy?

1200

600

1000

63

548

4. In a shortest route problem, how would we force the path to go through, say, Node B?

A. Keep solving the model over and over and hope that it miraculously occurs.

B. Sum the links entering the node and add a constraint that forces this sum to be equal to 1.

C. Sum the links both entering the node and leaving the node, then add a constraint that forces this sum to be equal to 1.

D. Sum the links entering the node and, in the same cell, subtract the links leaving the node, then add a constraint that forces this formula to be equal to 1.