MGT613
1. Which of the following forecasting techniques generates trend forecasts?
a. Delphi method
b. Moving averages
c. Single exponential smoothing
N
e. aïve forecast
2. Which of the following smoothing constants would make an exponential smoothing forecast equivalent to a naive forecast?
a. 0
b. 0.01
c. 0.5
d. 1.0
3. The temperature on Tuesday was 80 degrees, on Wednesday it was 82 degrees, on Thursday it was 78 degrees. A naive forecast for the temperature on Friday would be:
a. 78 degrees
b. 80 degrees
c. 82 degrees
d. 84 degrees
4. A design that focuses on reducing the number of parts in a product and on assembly methods and sequence is known as:
a. Design for manufacturing
b. Design for recycling
c. Design for assembly
d. Design for disassembly
5. DFM stands for:
a. Design for Maintenance
b. Design for Manufacturing
c. Design for Management
d. Design for Manpower
6. As the number of components in a series increases, the reliability of the system:
a. Increases
b. Decreases
c. Remains the same
d. Becomes zero
7. The purpose of ________ is to arrive at a consensus forecast.
a. Naïve forecast
b. Associative models
c. Time series forecast
d. Delphi method
8. A system is composed of components A, B, C and D. The overall reliability of the system is a measure of the reliability of the individual components. Listed below are a few ways to improve reliability of the system:
1. Improve component design
2. Improve testing
3. Use backup components
4. Improve strategy formulation
5. Quality assurance
Which of the following combinations would be the best to improve reliability of the system?
a. 1,2, 5
b. 1,2,3
c. 1,4,5
d. 3,4,5
9. As time horizon increases, forecast accuracy:
a. Increases
b. Decreases
c. Levels off
d. Becomes zero
10. If demand of a product 'A' is 30 units, 45 units and 75 units in week 1, 2 and 3 respectively, the demand for week 4 according to moving average method would be:
a. 105 units
b. 75 units
c. 40 units
d. 50 units
