University of Minnesota BOARD OF REGENTS POLICY Code of Cond…

University of Minnesota BOARD OF REGENTS POLICY Code of Conduct   Act Ethically and with Integrity. Ethical conduct is a fundamental expectation for every community member. In practicing and modeling ethical conduct, community members are expected to: act according to the highest ethical and professional standards of conduct; be personally accountable for individual actions; fulfill obligations owed to students, advisees, and colleagues; conscientiously meet University responsibilities; and communicate ethical standards of conduct through instruction and example. As a student of Decision Making in Operations class taught by Dr. Wenqing Zhang, I hereby certify that I will not discuss with any other students the contents and answers of this exam, and will make sure the exam is returned to the professor without any delay, in order to keep the examination process fair for everyone.  I certify this under the rules and regulations governing the Academic Integrity Policy of the University of Minnesota.   Have you read, understood and agreed upon this commitment statement?

The owner of Firewood To Go is considering buying a hydrauli…

The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. If, for this machine, the design capacity is 50 cords per day, the effective capacity is 40 cords per day, and the actual output is anticipated to be 35 cords per day, what would be its utilization? (Variant of Class Example)

If all you knew about a production system was that total dai…

If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the 400 units was 350 hours, and the total materials used were 425 units, what kind of productivity measure could you use to compute productivity? (Textbook Question)

Three recent college graduates have formed a partnership and…

Three recent college graduates have formed a partnership and have opened an advertising firm. Their first project consists of activities listed in the following table. What is the probability that the project can be completed in 24 days or less?  Time in Days Activity Immediate Predecessor Optimistic Most Likely Pessimistic A – 5 6 7 B – 8 8 11 C A 6 8 10 D – 9 12 15 E C 5 6 9 F D 5 6 7 G F 2 3 7 H B 4 4 5 I H 5 7 8 END E,G,I (Study Guide Question)

The postmaster of a small western town receives a certain nu…

The postmaster of a small western town receives a certain number of complaints each day about mail delivery. Determine three-sigma control limits using the following data.  Day 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Comp. 4 10 14 8 9 6 5 12 13 7 6 4 2 10 What is the UCL?  (Study Guide Question)