This term is also referred to as Coefficient of determination
What is R-squared?
100
This is an operation that tends to slow output.
What is Bottleneck?
100
This term is the difference between current capacity and forecasted demand. It can be positive or negative.
What is a capacity gap?
100
This capacity is the maximum output that a process or facility could achieve under ideal conditions.
What is peak capacity?
200
A non-stationary time series is characterized by a _______
What is Trend?
200
This should include a point and interval estimate.
What is a regression based forecast?
200
This process option tends to best illustrate a consulting firm.
What is Project?
200
This strategy eliminates competitive advantage of any one organization since everyone moves at the same time. It maintains the status quo in the market.
What is a Follow-the-leader strategy?
200
Long term capacity planning would tend to focus on these kind of investments.
What are capital investments?
300
This forecasting approaches best characterizes the Delphi method.
What is Judgmental?
300
This statistic is the estimate for the intercept in the regression.
What is b0?
300
As the discount count rate increases _________ tend to decrease.
What is project viability?
300
This strategy involves many small, frequent increases in capacity.
What is the Wait-and-see strategy?
300
The basic capacity planning issues (2 things).
What are Sizing and Timing?
400
This best characterizes the moving average model.
What is a Floating mean?
400
This statistic is used to evaluate the statistical significance of the regression coefficients.
What is "t"?
400
These are made to improve efficiency, modify existing products/services, develop/deliver new product/services and respond to changing demand.
What are process decisions?
400
Tax rate, discount rate, depreciation schedule, initial investments, cash flow streams (revenues and expenses) and time frame are all standard inputs to an __________.
What is NPV analysis?
400
This strategy minimizes the risk of losing market share, maximizes learning rate and preempts others from penetrating the market.
What is expansion strategy?
500
This component indicates the long-term direction in the time series. It can be either positive or negative.
What is a Trend?
500
This is the process for determining the values for b0 and b1.
What is Least Squares?
500
This operation best illustrates buying and selling electrical power. Here the firm relies on a variety of supplier.
What is virtual operation?
500
This DSS is particularly useful for capacity applications involving demand uncertainty.
What is the Decision Tree Analysis?
500
The amount of capacity held in reserve for contingencies.