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Define a Revenue Management System(RMS) and explain how it works. Give several examples of assets that can be managed using an RMS.

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A Revenue Management System( RMS) consis...

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Referring to a Revenue Management System RMS) , which of the following is not a component?


A) Marketing
B) Forecasting
C) Pricing
D) Allocating

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Safety capacity is most closely related to


A) Bottlenecks
B) Economies of scale
C) Unanticipated events
D) Focused factory

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Safety capacity is intended for all of the following except


A) power outages
B) equipment breakdowns
C) seasonal demand
D) material shortages

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Economies of scale occur when the average unit cost of the good or service begins to increase as the capacity and/or volume of throughput increases.

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A pharmacy lab is used for only two high volume prescriptions, A and B. The time per setup in minutes), processing time in seconds), order size in units) is given below. Using the information, determine the total capacity required for this lab in minutes.  Prescriptian  Setup Time minutes)  Processing Time secands)  Order Size units)  A 7584700 B 60541,500\begin{array} { c c c c } \text { Prescriptian } & \text { Setup Time minutes) } & \text { Processing Time secands) } & \text { Order Size units) } \\\hline\text { A } & 75 & 84 & 700 \\\text { B } & 60 & 54 & 1,500\end{array}

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Capacity required( Ci) = Setu...

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Define the Theory of Constraints( TOC). How does TOC view throughput differently from the traditional OM perspective?

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The Theory of Constraints( TOC) is a set...

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The capacity expansion approach that provides the most safety capacity is


A) One large capacity increase
B) Small capacity increases that match demand
C) Small capacity increases that lead demand
D) Small capacity increases that lag demand

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Explain the concept of a focused factory. Include different ways a factory can be focused.

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A focused factory is a way to achieve ec...

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An unsold broadcast advertising space is an example of a perishable asset.

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