Question 1

Calculate the payback period for a technology expense of $1 million if the new technology immediately starts to earn revenues of $100,000 per month.Operating costs plus depreciated fixed costs are estimated to be $30,000 per month.

Accepted Answer

The answer of Calculate the payback period for a technology...

Question 2

What is cybernetics and why is it important to P/OM?

Accepted Answer

The answer of What is cybernetics and why is it...

Question 3

What is AI and how does it differ from an expert system?

Accepted Answer

The answer of What is AI and how does it...

Question 4

Shingo is credited with introducing _____ systems.
A)SMED
B)AI
C)expert
D)robotic

Accepted Answer

Shingo, a Japanese industrial engineer, pioneered the SMED (Single-Minute Exchange of Die) system, which aims to reduce changeover time in manufacturing processes.

Question 5

Bursting strength and product support (within the container) are measured for two different package designs called A and B.The container will be used to ship printers by air.  
Assume that the computed value of the package design V is modeled as follows: V = (BS)(PS)² and the biggest number is the best.What does the scoring model value of each package indicate? Which box is best?

Accepted Answer

The answer of Bursting strength and product support (within the...

Question 6

How can technology components of transformation be categorized?

Accepted Answer

The answer of How can technology components of transformation be...

Question 7

Why are expert systems used?

Accepted Answer

The answer of Why are expert systems used?...

Question 8

What are neural networks and why are they being used?

Accepted Answer

The answer of What are neural networks and why are...

Question 9

What is a flexible manufacturing system?

Accepted Answer

The answer of What is a flexible manufacturing system?...

Question 10

Why is quality testing technology is important?

Accepted Answer

The answer of Why is quality testing technology is important?...

Question 11

Discuss the tradeoffs in the decision to "make" or "buy" components.

Accepted Answer

The answer of Discuss the tradeoffs in the decision to...

Question 12

_____ is a measure of how well two component parts fit together.
A)Tolerance testing
B)Tolerance matching
C)Variance testing
D)Variance matching

Accepted Answer

Tolerance matching is a measure of how well two component parts fit together. It refers to the range of allowed variation in dimensions of the parts that will still result in an acceptable fit. Tolerance testing, variance testing, and variance matching are not commonly used terms in this context.

Question 13

Bursting strength and product support (within the container) are measured for two different package designs called A and B.The container will be used to ship printers by air.  
Assume that the computed value of the package design V is modeled as follows: V = (BS)(PS)² and the biggest number is the best.What does the scoring model value of each package indicate? Which box is best?

Accepted Answer

The answer of Bursting strength and product support (within the...

Question 14

How is technology defined from the P/OM perspective?

Accepted Answer

The answer of How is technology defined from the P/OM...

Question 15

What can companies do to remain successful with regard to technology and equipment?

Accepted Answer

The answer of What can companies do to remain successful...

Question 16

What are expert systems?

Accepted Answer

The answer of What are expert systems?...

Question 17

_____ can read many controls at the same time and integrate the systems data.
A)AI systems
B)Decision trees
C)Expert system
D)Fixed-automation

Accepted Answer

The answer of _____ can read many controls at the...

Question 18

Information technology has the power to monitor materials flowing through _____ worldwide.
A)supply chains
B)design points
C)competitive advantage
D)new technology

Accepted Answer

Supply chains refer to the network of channels involved in the production and distribution of goods and services. Information technology has the ability to monitor the transportation of goods and the movement of materials through different stages of the supply chain, including sourcing, manufacturing, storage, and distribution, thereby improving efficiency and reducing waste.

Question 19

Bursting strength and product support (within the container) are measured for two different package designs called A and B.The container will be used to ship printers by air.  
Assume that the computed value of the package design V is modeled as follows: V = (BS)(PS)² and the biggest number is the best.What does the scoring model value of each package indicate? Which box is best?

Accepted Answer

The answer of Bursting strength and product support (within the...

Question 20

What is the starting point for design for manufacturing (DFM) and design for assembly (DFA)?

Accepted Answer

The answer of What is the starting point for design...

Quiz 8: Management of Technology Mot

Calculate the payback period for a technology expense of $1 million if the new technology immediately starts to earn revenues of $100,000 per month.Operating costs plus depreciated fixed costs are estimated to be $30,000 per month.

What is cybernetics and why is it important to P/OM?

What is AI and how does it differ from an expert system?

Shingo is credited with introducing _____ systems.

How can technology components of transformation be categorized?

Why are expert systems used?

What are neural networks and why are they being used?

What is a flexible manufacturing system?

Why is quality testing technology is important?

Discuss the tradeoffs in the decision to "make" or "buy" components.

_____ is a measure of how well two component parts fit together.

How is technology defined from the P/OM perspective?

What can companies do to remain successful with regard to technology and equipment?

What are expert systems?

_____ can read many controls at the same time and integrate the systems data.

Information technology has the power to monitor materials flowing through _____ worldwide.

What is the starting point for design for manufacturing (DFM) and design for assembly (DFA)?