Operations Management
17th Edition
ISBN: 9781259142208
Author: CACHON, Gérard, Terwiesch, Christian
Publisher: Mcgraw-hill Education,
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Question
Chapter 4, Problem 18CQ
Summary Introduction
To identify: If the given statement is true or false.
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Which of the following statements are true:
I. The experience curve represents a linear relationship between output and cost/unit
II. Diseconomies of scale are caused by lower operating and capital costs
III. There is no relationship between the experience curve and economies of scale
IV. Assuming an experience curve, the cost per unit from the 10th to the 11th unit will be higher than the cost from the 25th to the 26th unit
Group of answer choices
I, II and III are correct statements
I, III and IV are correct statements
Only I and IV are correct statements
Only IV is a correct statement
All statements are correct
International Paper is trying to find the best paper rolling machine to maximize sales volume. There are three machine options: Machine A, Machine B, and Machine C. Annual revenue is expected to be at one of three possible levels, High, $6 million; Medium, $3 million; or Low, $2 million; but is impacted by machine selection as the probabilities show in the…
Value maximization is one of the main goal of the firm. It means
a.
maximizing the long term value of the firm
b.
maximizing the short term value of the firm
c.
maximizing the long term debts/loans of the firm
d.
maximizing the short term profit of the firm
The concept of ‘Profit maximization’ means
a.
increasing the firm’s net income as much as possible
b.
increasing the firm’s liabilities as much as possible
c.
increasing the firm’s expenses as much as possible
d.
increasing the firm’s loans as much as possible
Chapter 4 Solutions
Operations Management
Ch. 4 - Prob. 1CQCh. 4 - Prob. 2CQCh. 4 - Prob. 3CQCh. 4 - Prob. 4CQCh. 4 - Prob. 5CQCh. 4 - Which of the following statements about takt time...Ch. 4 - Prob. 7CQCh. 4 - Prob. 8CQCh. 4 - How does the target manpower change as the demand...Ch. 4 - What happens to the target manpower if the labor...
Ch. 4 - Which of the following actions does not relate to...Ch. 4 - Prob. 12CQCh. 4 - Prob. 13CQCh. 4 - Prob. 14CQCh. 4 - Specialization typically leads to a higher average...Ch. 4 - Prob. 16CQCh. 4 - Prob. 17CQCh. 4 - Prob. 18CQCh. 4 - Prob. 1PACh. 4 - Prob. 2PACh. 4 - Prob. 3PACh. 4 - Prob. 4PACh. 4 - Prob. 5PACh. 4 - Prob. 6PACh. 4 - Prob. 1C
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- Which of these would be considered an intangible asset of a business? a chair inventory a tractor a patentarrow_forwardIt is true that organizations can attain remarkably profit by raising the level of customer satisfaction by reducing the prices or raising their services Select one: True Falsearrow_forwardThe relative profitability of clear-cutting and sustainable forest management depends on the discount rate? A. True B. Falsearrow_forward
- The Value Chain model views the firm as only one main activity that adds value to products or services * True False O Oarrow_forwardOn the average, a firm has 10 weeks of work-in-process, and annual cost of goods sold is $15 million. Assuming that the company works 50 weeks a year: a. What is the dollar value of the work-in-process? b. If the work-in-process could be reduced to 7 weeks and the annual cost of carrying inventory was 20% of the inventory value, what would be the annual saving?arrow_forwardWhich of the following answers best describes the term core competency?. a capability that the operations function can develop in order to give a company a competitive advantage in its market a common vision that unites an organization, provides consistency in decisions, and keeps the organization moving in the right direction an essential capability that creates a firm's sustainable competitive advantage series of activities from supplier to customer that add value to a product or servicearrow_forward
- A firm purchased raw materials and paid for them after 60 days. The raw materials were used to manufacture a finished good that was sold 30 days after the raw materials were purchased. The customer paid for the finished good 30 days later. What is the firm's cash conversion cycle? a. 120 days b. 30 days c. 0 days d. 60 daysarrow_forwardIdentify the statement that refers to the inseparability of service. a. Produced and consumed at the same time b. Produced and consumed Later c. Produced and stored for a long time d. Produced and sold Laterarrow_forwardExamine the possible cash-flow issues and operational improvement possibilities of at least two KPIs from the middle of the revenue-cycle dashboard of the chosen organization Charges are captured for services provided. 91%(Color: Yellow)92%(Color: Yellow)85%(Color: Yellow)86%(Color: Yellow)Clinical documentation is completed within 5 days of patient visit/discharge.93%(Color: Green)96%(Color: Green)81%(Color: Yellow)81%(Color: Yellow)Area of the CycleKey Performance Indicator (KPI)Target: 100%January - MarchActualApril - JuneActualJuly - SeptemberActualOctober -DecemberActualMembers of the medical staff are notified within 2 days of any delinquent (greater than 5 days) clinical documentation in patient charts.100%(Color: Green)98%(Color: Green)99%(Color: Green)100%(Color: Green)Coding is completed within 5 days of clinical documentation completion in the medical record.100%(Color: Green)70%(Color: Red)78%(Color: Red)76%(arrow_forward
- The Industrial Internet of Things, or IIoT, is used to improve operations in manufacturing and industry via applications including predictive maintenance and data analytics. Which is true? a. True Not truearrow_forwardWhich of the following answers best describes the term core competency?. a capability that the operations function can develop in order to give a company a competitive advantage in its market a common vision that unites an organization, provides consistency in decisions, and keeps the organization moving in the right direction essential capability that creates a firm's sustainable competitive advantage series of activities from supplier to customer that add value to a product orarrow_forwardA business model does not allow analysis of different areas of a firm and comparisons with other companies. Select one: O True Falsearrow_forward
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