Please calculate the SC performance measures below for the firm that we know had $3410000 worth of (cost) goods sold last year.

What is the average aggregate inventory value?

What is the weeks of supply (assume 52 weeks in a year)?

What is the inventory turn?

What would happen to the inventory turnover and weeks of supply if the manufacturer were to experience:

Increase in demand

An increase in holding cost

Please comment with at most three sentences

Draw the chart (you can directly copy and paste from the relevant slide) which shows the relationship between demand volume , demand variance and SC design. Specifically show the regions where efficient and responsive supply chain strategies best fit. Provide one unique example for each of the two supply chains designs we have covered: namely efficient and responsive supply chains. (Ex efficient SC design is suitable for pencil production business; fashionable apparel design is suitable for responsive SC design) and justify your association with a couple of sentences.

Draw an approximate (random) efficiency curve on a two dimensional total cost vs. supply chain performance chart. Then draw another curve on this same chart to represent the improved efficiency curve. (you can directly copy and paste from the relevant slide)

4.

the decision tree for this problem

Provide the decision for each of the following decision strategies

Assume you have no idea about the probabilities regarding the occurrence chance of state of the nature nodes (i.e. assume you are NOT given the probabilities of low demand and high demand). Under decision making complete uncertainty find the best decision by adopting following point s of view:

Optimistic

Pessimistic

Laplace/Liberal

Show the best choice for the decision taken under risk.

Provide the value of perfect information by taking the difference of the value of decision under complete certainty and decisions under risk.

5. List the outsourcing types we have covered in the class.