1,200
Question 2.2. (TCO 4) If it takes a supplier 25 days to deliver an
order once it has been placed and the standard deviation of daily
demand is 20, which of the following is the standard deviation of
usage during lead time?
(Points : 10)
50
100
400
1,000
1,600
Question 3.3. (TCOs 3, 4, and 5) A company wants to forecast
demand using the simple moving average. If the company uses three
prior yearly sales values (i.e., year 2011 = 130, year 2012 = 110, and
year 2013 =160), which of the following is the simple moving
average forecast for year 2014?
(Points : 10)
100.5
122.5
133.3
135.6
139.3
Question 4.4. (TCO 5) If a firm produced a standard item with
relatively stable demand, the smoothing constant alpha (reaction
rate to differences) used in an exponential smoothing forecasting
model would tend to be in which of the following ranges?
(Points : 10)
5% to 10%
20% to 50%
20% to 80%
60% to 120%
90% to 100%