The operations function is made up of the collection of transformative resources (physical, information-based, financial, and human) together with the system by which these resources are organized. These operations resources transform which of the following types of inputs? (A) Physical raw materials (B) Information (C) Financial resources (D) Suppliers (E) Customers

In complex operational strategies, which often call for the operations function to take on a wide range of activities, the operational specialization benefits of focus can still be achieved by:

The realized operations strategy can be heavily influenced by the pattern of responses to the normal pressures on operating managers, which can lead to decisions that don’t fit with the directed strategy. Which of the following represent examples of such normal pressures? (A) Finance managers urging operations to reduce costs (B) Quality control managers not insisting on strict adherence to process control specifications (C) Industrial engineers urging operations to increase standardization (D) Marketing managers insisting on quicker turnaround times

In a periodic review inventory model, the order quantity is calculated as:

A newsvendor acquired 600 copies of a newspaper in the morning, sold 465 of the copies, and disposed of the rest at the end of the day for a disposal fee. The costs of underage and overage are cu = $2.12 and co = $1.70, respectively. How much profit did the newsvendor earn on that day?

In complex operational strategies, which often call for the operations function to take on a wide range of activities, the operational specialization benefits of focus can still be achieved by:

A sandwich shop operates on a single-period model, making fresh sandwiches every morning before opening. The average underage cost is $3.00 per sandwich, and the average overage cost is $5.60 per sandwich. Based on past data, the number of sandwiches sold on a single day is distributed normally. The average number sold is 52.1 sandwiches, with a standard deviation of 7.8. What number of sandwiches should the store make in the morning in order to maximize expected profit?

Channel alignment through the coordination of forecasting, production, and stocking decisions across the supply chain can mitigate the impacts of the bullwhip effect. Different frameworks exist for channel alignment, and some methods give inventory control of a location to the supplier. Which of the following is a channel alignment framework that does NOT give inventory control of a location to an upstream supplier?

A sandwich shop operates on a single-period model, making fresh sandwiches every morning before opening. The average underage cost is $3.00 per sandwich, and the average overage cost is $5.60 per sandwich. Based on past data, the number of sandwiches sold on a single day is distributed normally. The average number sold is 52.1 sandwiches, with a standard deviation of 7.8. What number of sandwiches should the store make in the morning in order to maximize expected profit?

Which of the following is NOT part of the structural decisions in the operations decision area–based framework for gauging the strategic alignment of the operations function?