Reference no: EM133044268

Question 1: A doctor's office charges no-show patients $30 if they do not cancel their appointment 24 hours prior to the appointment. In this scenario, which of the following can be used by the doctor's office to handle the risk of idle service capacity?

• A revenue management system
• A pull system
• A capacity straddle strategy
• A capacity lag strategy

Question 2: Scorla Corp. is an apparel manufacturing factory. Its average resource utilization per year is calculated as 70%. The average safety capacity of Scorla Corp. is _____.

• 20%
• 30%
• 50%
• 40%

Question 3: Greyon Spinning Mills Inc. owns 600 spinning machines. Out of these, only 500 are used in a given year. Given this information, the utilization of spinning machines at Greyon Spinning Mills Inc. is _____.

• 0.75
• 0.83
• 1
• 1.2

Question 4: Avexim Pharmaceutical Laboratories is an international group of companies that manufactures an antiepileptic prescription drug in huge volumes. The setup time for manufacturing the drug is 75 minutes, the processing time is 8 minutes, and the order size is 700 units. In this case, which of the following is the total time required to meet the given production volume?

• 5675 minutes
• 1300 minutes
• 4275 minutes
• 968 minutes

Question 5: Average safety capacity (%) is computed using the formula:

• [Maximum safety capacity (%) + Minimum safety capacity (%)]/2.
• 100% - Average resource utilization (%).
• 100% - Maximum resource utilization (%).
• Average resource utilization (%) - 100%.

Question 6: The earliest revenue management systems focused solely on _____.

• pricing
• forecasting
• overbooking
• allocation

Question 7: A _____ consists of dynamic methods to forecast demand, allocate perishable assets across market segments, decide when to overbook and by how much, and determine what price to charge different customer classes.

• nonbottleneck work activity
• work order
• revenue management system
• focused factory