A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

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A Japanese word for waste is… (a) Kanban (b) Heijunka (c) Muda (d) Sashimi LIFELINE

Transcript of A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

Page 1: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

A Japanese word for waste is…

(a) Kanban (b) Heijunka

(c) Muda (d) Sashimi

LIFELINE

Page 2: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

ASK-THE-AUDIENCE

NO LIFELINE

PHONE-A-FRIEND

FIFTY/ FIFTY

TEXTBOOK (30 seconds)

Page 3: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

A Japanese word for waste is…

(a) Kanban

(c) Muda

LIFELINE

Page 4: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

CORRECT !!!

Page 5: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

h NBetter Luck on the Exam and Thank You for Playing Who Wants to Be a Millionaire!

Page 6: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

Which of the following best measures « spread ? »

(a) The Mean (b) The Standard Deviation

(c) The Median (d) The Mode

LIFELINE

Page 7: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

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FIFTY/ FIFTY

TEXTBOOK (30 seconds)

Page 8: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

Which of the following best measures « spread ? »

(a) The Mean (b) The Standard Deviation

LIFELINE

Page 9: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

CORRECT !!!

Page 10: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

(a) Gilles Reinhardt (b) Arthur Kraft

(c) Scott Young (d) Lori Cook

LIFELINE

Who is the Dean of our College of Commerce?

Page 11: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

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TEXTBOOK (30 seconds)

Page 12: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

(c) Scott Young

(b) Arthur Kraft

LIFELINE

Who is the Dean of our College of Commerce ?

Page 13: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

CORRECT !!!

Page 14: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

(a) Norminv(0.95, 160, 30)

(b) Norminv(0.975,160,30)

(c) Norminv(0.95, 160, 60)

(d) Normdist(0.05,160,30)

LIFELINE

Daily demand for fat free gallons of milk at the supermarket you manage is normally distributed with a mean of 160 gallons and a standard deviation of 30 gallons. The supermarket imposes that you keep in inventory enough to ensure that you stock out no more than 5% of the time. You stock…

Page 15: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

ASK-THE-AUDIENCE

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FIFTY/ FIFTY

TEXTBOOK (30 seconds)

Page 16: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

(a) Norminv(0.95, 160, 30)

(b) Norminv(0.975,160,30)

LIFELINE

Daily demand for fat free gallons of milk at the supermarket you manage is normally distributed with a mean of 160 gallons and a standard deviation of 30 gallons. The supermarket imposes that you keep in inventory enough to ensure that you stock out no more than 5% of the time. You stock…

Page 17: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

CORRECT !!!

Page 18: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

(a) Lee Iaccoca (b) Taiichi Ohno

(c) Alfred P. Sloan (d) Henry Ford

LIFELINE

Who coined the phrase « A car for every purpose and every price ? »

Page 19: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

ASK-THE-AUDIENCE

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PHONE-A-FRIEND

FIFTY/ FIFTY

TEXTBOOK (30 seconds)

Page 20: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

(b) Taiichi Ohno

(c) Alfred P. Sloan

LIFELINE

Who coined the phrase « A car for every purpose and every price ? »

Page 21: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

CORRECT !!!

Page 22: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

(a) Holt’s Method (b) Simple Exponential Smoothing

(c) Weighted Moving Average

(d) Winter’s Method

LIFELINE

Which of the following method would be most expedient to forecast from the above data?

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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Page 23: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

ASK-THE-AUDIENCE

NO LIFELINE

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FIFTY/ FIFTY

TEXTBOOK (30 seconds)

Page 24: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

(a) Holt’s Method

(d) Winter’s Method

LIFELINE

Which of the following method would be most expedient to forecast from the above data?

8090100110120130140150160170180

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Page 25: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

CORRECT !!!

Page 26: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

(a) Rising Sun (b) Bedrock

(c) Sailboat (d) Water Level

LIFELINE

In a given plant, suppose workers are paid per part rather than for the quality of the overall plant output. Which of the items in the picture best represents this misalignment of incentives ?

Page 27: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

ASK-THE-AUDIENCE

NO LIFELINE

PHONE-A-FRIEND

FIFTY/ FIFTY

TEXTBOOK (30 seconds)

Page 28: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

(b) Bedrock

LIFELINE

(c) Sailboat

In a given plant, suppose workers are paid per part rather than for the quality of the overall plant output. Which of the items in the picture best represents this misalignment of incentives ?

Page 29: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

CORRECT !!!

Page 30: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

(a) The initial level estimate obtained from linear regression

(b) The trend smoothing constant

(c) The seasonality smoothing constant

(d) The initial trend estimate obtained from linear regression

LIFELINE

In Winter’s Model, what is ?

Page 31: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

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FIFTY/ FIFTY

TEXTBOOK (30 seconds)

Page 32: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

LIFELINE

In Winter’s Model, what is ?

(b) The trend smoothing constant

(d) The initial trend estimate obtained from linear regression

Page 33: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

CORRECT !!!

Page 34: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

(a) {(d), (e), (f)} (b) {(a), (b), (f)}

(c) {(c), (e), (f)} (d) {(a), (b), (c)}

LIFELINE

Consider the above process (each activity’s flow time is indicated in minutes). Which of these sets only contains critical activities ?

3 3

6

7 1

2

4 2

(a) (b)

(c)

(d) (e)

(f)

(g) (h)Start

End

Page 35: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

ASK-THE-AUDIENCE

NO LIFELINE

PHONE-A-FRIEND

FIFTY/ FIFTY

TEXTBOOK (30 seconds)

Page 36: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

LIFELINE

(a) {(d), (e), (f)}

(d) {(a), (b), (c)}

Consider the above process (each activity’s flow time is indicated in minutes). Which of these sets only contains critical activities ?

3 3

6

7 1

2

4 2

(a) (b)

(c)

(d) (e)

(f)

(g) (h)Start

End

Page 37: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

CORRECT !!!

Page 38: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

(c) John Hancock

(b) Duc de La Rochefoucauld

(a) Adam Smith

(d) Frederick W. Taylor

LIFELINE

Who wrote « The Wealth Of Nations » in 1776 ?

Page 39: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

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FIFTY/ FIFTY

TEXTBOOK (30 seconds)

Page 40: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

LIFELINE

Who wrote « The Wealth Of Nations » in 1776 ?

(a) Adam Smith (b) Duc de La Rochefoucauld

Page 41: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

CORRECT !!!

Page 42: A Japanese word for waste is… (a) Kanban(b) Heijunka (c) Muda(d) Sashimi LIFELINE.

Creative Consultant

May Zellner, CAPSIM

All music, logos & titles are ® of

Adaptation Gilles Reinhardt, Dept of ManagementLori Cook, Dept of Management

Technical Assistance

Martin Williams, Classroom Technology

THANKS TO ALL OF YOU: GOOD LUCK ON THE FINAL!