Please do not copy
verbatim from your textbook. The
objective for this effort is to assess the state of your learning. Please read, research, but write answers in
your own words.
1. Describe each of the following ownership
costs:
a. downtime cost
b. cycle time cost
c. conversion cost
d. non-value added costs
2. Discuss the two basic types of learning
curves and their applications.
3. Identify and define the three categories of
compensation arrangements. Give examples
of specific arrangements in each category.
4. What is the difference between award fee
contracts and incentive fee contracts?
5. In what circumstances should negotiation be
used instead of competitive bidding?
6. In the order of preference from the most
preferred to the least preferred, identify and describe the four principal
approaches to resolving disputes.
7. Define reciprocity and discuss the ethical
implications.
8. What are the 5 activities of an effective
production planning and control system.
Discuss 2 of the activities in detail.
9. What is MRP and how is MRP different from MRP
II?
10. What are the considerations/elements involved
in capacity planning?
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