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A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE

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ASK-THE- AUDIENCE NO LIFELINE PHONE-A- FRIEND FIFTY/ FIFTY TEXTBOOK (30 seconds)

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A Japanese word for waste is… (a) Kanban (c) Muda LIFELINE

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CORRECT !!!

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h N Better Luck on the Exam and Thank You for Playing Who Wants to Be a Millionaire!

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Which of the following best measures « spread ? » (a) The Mean(b) The Standard Deviation (c) The Median(d) The Mode LIFELINE

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ASK-THE- AUDIENCE NO LIFELINE PHONE-A- FRIEND FIFTY/ FIFTY TEXTBOOK (30 seconds)

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Which of the following best measures « spread ? » (a) The Mean(b) The Standard Deviation LIFELINE

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CORRECT !!!

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(a) Gilles Reinhardt(b) Arthur Kraft (c) Scott Young(d) Lori Cook LIFELINE Who is the Dean of our College of Commerce?

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ASK-THE- AUDIENCE NO LIFELINE PHONE-A- FRIEND FIFTY/ FIFTY TEXTBOOK (30 seconds)

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(c) Scott Young (b) Arthur Kraft LIFELINE Who is the Dean of our College of Commerce ?

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CORRECT !!!

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(a) Norminv(0.95, 160, 30) (b) Norminv(0.975,160,30) (c) Norminv(0.95, 160, 60)(d) Normdist(0.05,160,30) LIFELINE Daily demand for fat free gallons of milk at the supermarket you manage is normally distributed with a mean of 160 gallons and a standard deviation of 30 gallons. The supermarket imposes that you keep in inventory enough to ensure that you stock out no more than 5% of the time. You stock…

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ASK-THE- AUDIENCE NO LIFELINE PHONE-A- FRIEND FIFTY/ FIFTY TEXTBOOK (30 seconds)

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(a) Norminv(0.95, 160, 30) (b) Norminv(0.975,160,30) LIFELINE Daily demand for fat free gallons of milk at the supermarket you manage is normally distributed with a mean of 160 gallons and a standard deviation of 30 gallons. The supermarket imposes that you keep in inventory enough to ensure that you stock out no more than 5% of the time. You stock…

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CORRECT !!!

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(a) Lee Iaccoca(b) Taiichi Ohno (c) Alfred P. Sloan(d) Henry Ford LIFELINE Who coined the phrase « A car for every purpose and every price ? »

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ASK-THE- AUDIENCE NO LIFELINE PHONE-A- FRIEND FIFTY/ FIFTY TEXTBOOK (30 seconds)

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(b) Taiichi Ohno (c) Alfred P. Sloan LIFELINE Who coined the phrase « A car for every purpose and every price ? »

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CORRECT !!!

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(a) Holt’s Method(b) Simple Exponential Smoothing (c) Weighted Moving Average(d) Winter’s Method LIFELINE Which of the following method would be most expedient to forecast from the above data?

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ASK-THE- AUDIENCE NO LIFELINE PHONE-A- FRIEND FIFTY/ FIFTY TEXTBOOK (30 seconds)

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(a) Holt’s Method (d) Winter’s Method LIFELINE Which of the following method would be most expedient to forecast from the above data?

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CORRECT !!!

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(a) Rising Sun(b) Bedrock (c) Sailboat(d) Water Level LIFELINE In a given plant, suppose workers are paid per part rather than for the quality of the overall plant output. Which of the items in the picture best represents this misalignment of incentives ?

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ASK-THE- AUDIENCE NO LIFELINE PHONE-A- FRIEND FIFTY/ FIFTY TEXTBOOK (30 seconds)

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(b) Bedrock LIFELINE (c) Sailboat In a given plant, suppose workers are paid per part rather than for the quality of the overall plant output. Which of the items in the picture best represents this misalignment of incentives ?

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CORRECT !!!

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(a) The initial level estimate obtained from linear regression (b) The trend smoothing constant (c) The seasonality smoothing constant (d) The initial trend estimate obtained from linear regression LIFELINE In Winter’s Model, what is ?

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ASK-THE- AUDIENCE NO LIFELINE PHONE-A- FRIEND FIFTY/ FIFTY TEXTBOOK (30 seconds)

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LIFELINE In Winter’s Model, what is ? (b) The trend smoothing constant (d) The initial trend estimate obtained from linear regression

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CORRECT !!!

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(a) {(d), (e), (f)}(b) {(a), (b), (f)} (c) {(c), (e), (f)}(d) {(a), (b), (c)} LIFELINE Consider the above process (each activity’s flow time is indicated in minutes). Which of these sets only contains critical activities ? 33 6 71 2 42 (a)(b) (c) (d)(e) (f) (g)(h) Start End

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ASK-THE- AUDIENCE NO LIFELINE PHONE-A- FRIEND FIFTY/ FIFTY TEXTBOOK (30 seconds)

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LIFELINE (a) {(d), (e), (f)} (d) {(a), (b), (c)} Consider the above process (each activity’s flow time is indicated in minutes). Which of these sets only contains critical activities ? 33 6 71 2 42 (a)(b) (c) (d)(e) (f) (g)(h) Start End

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CORRECT !!!

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(c) John Hancock (b) Duc de La Rochefoucauld(a) Adam Smith (d) Frederick W. Taylor LIFELINE Who wrote « The Wealth Of Nations » in 1776 ?

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ASK-THE- AUDIENCE NO LIFELINE PHONE-A- FRIEND FIFTY/ FIFTY TEXTBOOK (30 seconds)

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LIFELINE Who wrote « The Wealth Of Nations » in 1776 ? (a) Adam Smith(b) Duc de La Rochefoucauld

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Creative ConsultantMay Zellner, CAPSIM All music, logos & titles are ® of AdaptationGilles Reinhardt, Dept of ManagementLori Cook, Dept of Management Technical AssistanceMartin Williams, Classroom Technology THANKS TO ALL OF YOU: GOOD LUCK ON THE FINAL!

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Chapter 17 Time Series Analysis and Forecasting ©.

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