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Operations Management

by: Dr. Alexanne Hessel

Operations Management OPER 3100

Dr. Alexanne Hessel
GPA 3.65


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Class Notes
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This 1 page Class Notes was uploaded by Dr. Alexanne Hessel on Sunday October 25, 2015. The Class Notes belongs to OPER 3100 at University of North Carolina - Charlotte taught by Staff in Fall. Since its upload, it has received 83 views. For similar materials see /class/228951/oper-3100-university-of-north-carolina-charlotte in Operations And Info Mgmt at University of North Carolina - Charlotte.

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Date Created: 10/25/15
Exam 2 Study Guide General guidelines 0 Although many problems require formulas and calculations you can use your intuitionunderstanding of concepts For example you know that you would order more than the average demand when Cu is higher than Co This can help you narrow down the answer choices and also help verify your answer 0 Read with a caution when you see capitalized italicized or hold words in a question Iusually give such cautions in order not to mislead you to wrong answers 0 Understanding formula helps you choose what formula to use and also guides you regarding how to apply it for different types of problems This can be done by solving many practice problems Exam format amp Topics 0 Multiple choice similar to Examl You are allowed to use lpage note in addition to the formula sheets 0 Time allotted will be 70 minutes Please come early SKIP some of the questions so you can get easy questions right for the first time I encourage you to review questions at least twice Time should be more than enough if you follow this simple tip you cover Expected discrete to Model How to calculate expected profit formula Pricebreak model is an extension of Qmodel so some of the Qmodel formulas will apply Inventory Model 2040 Other suggestions Prob 2 20 30pricebreak mo e Pmodel 1723 Review some materials you ve learned in Statistics and used in the inventory model For example 0 how you get the zvalue for a given probability and how you get the cumulative probability for a given zvalue using Cumulative Standard Normal distribution table to be provided for the exam X how to use the formula Z u Th1s formula won t be g1ven 1n order to 039 transform a general Normal distribution with mean of u and sd of 039 into Standard Normal distribution or vice versa See my note on ROP formula


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