Imagine comparing a manufacturing operation using regular lot$-$sizing and the same operation with a kanban$/$lean production approach. What would be your expectations of the difference between the total cost $($i$.$e$.,$ inventory holding co: $+$ setup$/$ordering costs$)$ of each?

a$.$ Total costs will be lower for the kanban$/$lean production operation.

b$.$ As long as the total quantity is the same, total costs will be the same.

c$.$ Inventory holding cost will increase nonlinearly with inventory.

d$.$ Total costs will be lower for the regular lot$-$size operation.

e$.$ The order quantity will be larger for the kanban$/$lean production approach.

According to Little's Law, which of the following can be used to estimate work$-$in$-$process inventory?

a$.$ Process time$/$Cycle time.

b$.$ Set up time$/$Throughput rate.

c$.$ Value added time$/$Process velocity.

d$.$ Process velocity$/$Flow time.

e$.$ Throughput rate $$ Flow time.

etting an autograph from a famous person might involve standing in which type of the queuing line structure?

a$.$ Multichannel, single phase.

b$.$ Single channel, single phase.

c$.$ Single channel, multiphase.

d$.$ None of the responses are correct