Question 1: Since the two workers only service one customer at a time, they are in fact working like a single worker. What percentage of the time is this single team of workers busy? (Choose the closest answer)
- 0.114
- 0.823
- 0.189
- 0.256
- 0.701
- 0.369
- 0.530
- 0.678
- 0.458
- 0.778
Question 2: What is the average time (in minutes) a customer waits before they place an order? (Choose the closest answer)
- 3.12 min
- 7.62 min
- 5.13 min
- 9.98 min
- 5.81 min
- 4.19 min
- 8.60 min
- 3.65 min
- 6.70 min
- 7.14 min
Question 3: What is the average number of customers in the line? (Choose the closest answer)
- 3.82
- 5.89
- 2.17
- 2.90
- 8.71
- 3.07
- 4.10
- 6.20
- 5.85
- 5.12
Question 4: While Layla gets paid significantly more per hour than Olivia, she is reducing the overall cost of this system. How much money is being saved per hour by utilizing the new technician, Layla? (Choose the closest answer)
- 13.41 per hour
- 10.59 per hour
- 12.54 per hour
- 10.89 per hour
- 11.04 per hour
- 13.17 per hour
- 11.82 per hour
- 10.28 per hour
- 13.79 per hour
- 11.11 per hour
Question 5: Using the calculation for damage and defects discussed in lecture, calculate the number of standardized sets that must be planned for in order to have 7,500 sets available to the customer each month. (Choose the closest answer)
- 7431
- 7763
- 7604
- 7514
- 7798
- 7831
- 7708
- 7691
- 7512
- 7756
Question 6: Based on our estimates, how many extra kitchen sets will need to be purchased/produced to account for the damage, theft, defects...over the course of a YEAR? (Choose the closest answer)
- 3244 units per year
- 1613 units per year
- 2918 units per year
- 2862 units per year
- 3936 units per year
- 3156 units per year
- 1862 units per year
- 2692 units per year
- 3400 units per year
- 2779 units per year
Question 7: The kitchen sets sell $275.00 per set. They cost about $200 to produce, deliver, and sell, though. Approximately how much will the company lose (cost) this year based on the estimates and your calculations? (Choose the closest answer)
- $615,566
- $697,294
- $631,200
- $599,552
- $763,246
- $616,727
- $585,505
- $641,793
- $583,002
- $701,024
Question 8: If the company decides to downsize and keep only 3 warehouses, how many units of inventory will the company need to carry at each of the three warehouses? Assume they will continue to pursue a 2.5% stockout rate. (Choose the closest answer)
- 3867
- 5351
- 4539
- 5358
- 4063
- 5056
- 5369
- 4528
- 4722
- 4619
Question 9: If the company decides to increase the number of warehouses to 5, how many units of inventory will the company need to carry at each of the five warehouses? Assume they will continue to pursue a 2.5% stockout rate. (Choose the closest answer)
- 5230
- 4877
- 4775
- 3528
- 3676
- 4196
- 3578
- 3742
- 3396
- 4604
Question 10: Suppose the exchange rate is near 1 Euro = $1.30. What would be the profit for the European car company (in Euros) if they manufactured their car in Europe? Remember, they have to pay the import tax. (Choose the closest answer)
- 4485 Euros
- 3965 Euros
- 5351 Euros
- 3689 Euros
- 4713 Euros
- 3032 Euros
- 4299 Euros
- 5835 Euros
- 4231 Euros
- 4917 Euros
Question 11: Suppose the exchange rate is near 1 Euro = $1.30. What would be the profit for the European car company (in Euros) if they manufactured their car in the United States? Remember, they avoid the import tax. (Choose the closest answer)
- 6057 Euros
- 3308 Euros
- 5983 Euros
- 3924 Euros
- 3861 Euros
- 4889 Euros
- 5182 Euros
- 5769 Euros
- 5536 Euros
- 4815 Euros