MG211 HW2 – Flashcards
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Which of the following is not true about Gantt charts?
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Gantt charts adequately illustrate the interrelationships between the activities and the resources
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How does the Tour de France compare to other major sporting events, such as the World Cup?
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All of the above
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The Belkin team's project manager
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Handles the many suppliers needed for the riders
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Scheduling world tours is complex because
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teams are often competing in simultaneous events
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The support staff is large because
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The riders need a wide variety of support during the races
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The critical path of a network is the
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Longest time through the network
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How is the EF computed
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ES + Activity time
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The latest finish of an activity is
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Min {LS of all immediate following activities}
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With respect to PERT and CPM, slack
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Is the amount of time a task may be delayed without changing the overall project completion time
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Which of the following sets is determined during a backward pass
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LS and LF
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The forecasting time horizon that would typically be easiest to predict for would be the
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Short range
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A forecast that addresses the business cycle by predicting planning indicators is
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An economic forecast
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CPFR is
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Collaborative, planning, forecasting, and replenishment
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Why is Disney a major economic force in Central Florida?
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Disney is the largest employer in the region
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Why is forecasting important to Disney?
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All of the above
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The FASTPASS system
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Helps minimize wait times in queues
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Every business needs to forecast the future because
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Forecasts help plan for labor, material, and budget needs
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What is a data pattern that repeats itself after a period of days, weeks, months, or quarters?
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Seasonality
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Which forecast error measure is probably the easiest to interpret
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MAPE
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"Today's forecast Equals yesterday's actual demand" is referred as
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The naive approach
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