Homework: Introduction to Operations Manamement
Learning Outcome
o Understand the concept of process selection, forecasting, capacity planning, production forecast methods and schedule operations.
o Apply knowledge and skills to optimize production objective of maximizing profits using qualitative and quantitative techniques in related areas of operations management.
o Exhibit the knowledge of lean system, quality controls and green system.
Question I:
A company that makes car parts. The company control its production process by periodically taking a sample of 100 units from the production line. Each product is inspected for defective features. Control limits are developed using three standard deviations from the mean as the limit. During the last 12 samples taken, the proportion of defective items per sample was recorded as follows:
|
0.01
|
0.01
|
0.0
|
0.04
|
0.01
|
0.01
|
|
0.00
|
0.01
|
0.02
|
0.02
|
0.03
|
0.03
|
i. Determine the mean proportion defective, the UCL, and the LCL? (word count max:150)
ii. Draw a control chart and plot each of the sample measurements on it? (word count max:100)
iii. Does it appear that the process for making tees is in statistical control? (word count max:100)
Question II:
A Chemical Company estimates the annual demand for a certain product as follows:
|
Week
|
1
|
2
|
3
|
4
|
5
|
6
|
|
Demand
|
649
|
524
|
561
|
738
|
511
|
590
|
i. Forecast the demand for week 7 using a five-period moving average? (word count maximum:100)
ii. Forecast the demand for week 7 using a three-period weighted moving average. Use the following weights: W1 = 0.5, W2 = 0.3, W3 = 0.2.? (word count maximum:100)
iii. Forecast the demand for week 7 using exponential smoothing. Use an α value of .1 and assume the forecast for week 6 was 602 units? (word count maximum:100)
iv. What assumptions are made in each of the above forecasts? (word count maximum:150)
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.