Supply Chain ManagementStatistical Quality Control

Examination Paper of Supply Chain Management IIBM Institute of Business Management Examination Paper MM.100 Supply Chain Management Section A: Objective Type (30 marks) ï‚ · ï‚ · ï‚ · This section consists of Multiple Choice questions Short Answer type questions. Answer all the questions. Part One questions carry 1 mark each Part Two questions carry 2 marks each. Part One: Multiple Choices: 1. When demand is steady, the cycle inventory for a given lot size (Q) is given by a. Q/4 b. Q/8 c. Q/6 d. Q/2 2. There are two firms ‘x’ and ‘y’ located on a line of distance demand(0-1) at ‘a’ and ‘b’ respectively, the customers are uniformly located on the line, on keeping the fact of splitting of market, the demand of firm†¦show more content†¦Is commonality justified across all variants? 3. At what cost of commonality will complete commonality be justified? 4. At what cost of commonality will commonality across the low-volume variants be justified? Caselet 2 An electronic manufacturer has outsourced production of its latest MP3 player to a contract manufacturer in Asia. Demand for the players has exceeded all expectations whereas the contract manufacturers sell three types of players- a 40-GB player, a 20-GB player, 6-GB player. For the upcoming holiday season, the demand forecast for the 40-GB player is normally distributed, with a mean of 20,000and a standard deviation Dard deviation of 11,000, and the demand forecast for the 6GB player has a mean of 80,000 and a standard deviation of 16,000. The 40-GB player has a sale price of $200, a production cost of $100, and a salvage value of $80 .The 20-GB player has a price of $150, a production cost of $70, and a salvage value of $50. 3 IIBM Institute of Business Management Examination Paper of Supply Chain Management 1. How many units of each type of player should the electronics manufacturer order if there are no capacity constraints? 2. How many times of each type of player should the electronics manufacturer order if the available is 140,000? What is the expected profit? END OF SECTION B Section C: Applied Theory (30 marks) ï‚ · ï‚ · ï‚ · ï‚ · This section consists of Long Questions.Show MoreRelatedProductions and Operations Management737 Words   |  3 PagesProductions and Operations Management I The three categories of statistical quality control The three categories of SQC include the traditional statistical tools, acceptance sampling, and statistical process control (SPC). Traditional statistical tools are descriptive statistics like the mean and range, used to describe qualitative characteristics. Acceptance sampling is a process of taking a random sample or portion of a batch and deciding whether to accept or reject the whole batch. SPC is aRead MoreImproving The Total Cost Of Quality866 Words   |  4 Pagesreduce the total cost of quality, rigorous measurement techniques are a must for business organizations. 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