Exercises
Yield or revenue management is used with organizations that have a perishable inventory such as airlines, hotels, car rental agencies, and cruise lines. List five of the shared characteristics that make yield management of interest to these types of companies.
In a product structure diagram, select the one that is not part of the diagram.
Children are found at every level of the diagram except the top level
Parents are found only at the top level of the diagram
All items in the diagrams are both parents and children
Children are found at every level of the diagram including the top level
All of the above
What is computerized short-term scheduling that overcomes the disadvantage of rule-based systems by providing the user with graphical interactive computing?
LPT
CSS
FCFS
FCS
TGI
Which of the following is not one of the graphical method steps?
Find labor costs, hiring and layoff costs, and inventory holding costs
Construct the transportation table
Consider company policy that may apply to the workers or stock levels
Determine the demand in each period
None of the above
Which of the following is a lot sizing procedure that assumes a finite time horizon beyond which no additional net requirements are needed?
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