When there is high forward buying, the optimal discount timing is

High demand

Low demand

High or low demand

None of these

IncorrectQuestion 2

0 / 8 pts

How would you represent a workforce level constraint for Period 1 with beginning workforce level (W0), workforce level in period 1 (W1), number of workers hired in Period 1 (H1), number of workers laid off in Period 1 (L1)?

W1 - W0 + H1 - L1 = 0

W1 - W0 - H 1- L1 = 0

W1 - W0 - H1 + L1 = 0

W1 - W0 + H1 + L1 = 0

Question 3

8 / 8 pts

The key questions to answer in cycle inventory management are "How much to order?" and "When to place the order?"

True

False

Question 4

8 / 8 pts

How would you represent a demand (D1) satisfaction constraint for Period 1 with beginning and ending inventories (I0, I1), production (P1), and subcontract (C1)?

I0+P1+C1+ I1 = D1

I0+P1+I1-C1 = D1

I0+P1+C1-I1 = D1

I0+P1-C1-I1 = D1

IncorrectQuestion 5

0 / 8 pts

In the Red Tomato Tools case, given that a discount of $1 increases period demand by 10% and moves 20% of next two months' demand forward, what is the optimal timing for the discount?

April

January

March

June

Question 6

8 / 8 pts

In the Red Tomato Tools case, demand increase from discounting is due to

Market growth

Stealing market share

Forward buying

All of these

Question 7

8 / 8 pts

How would you represent a demand (D1) satisfaction constraint for Period 1 with beginning and ending inventories (I0, I1) and production (P1)?

I0 - P1 + I1 = D1

I0 + P1 - I1 = D1

I0 - P1 - I1 = D1

None of these

Question 8

8 / 8 pts

In the Red Tomato Tools case, which of the following are options to meet the demand?

Regular time production

Overtime production

Subcontracting

All of these

IncorrectQuestion 9

0 / 8 pts

In the Red Tomato Tools case, maximization of profit is the same of minimization of cost because

This will always be the case

Revenue generated is constant

Demand depends on price of the product

Capacity is constant

IncorrectQuestion 10

0 / 8 pts

When there is high market growth, the optimal discount timing is

High demand

Low demand

High or low demand

None of these

Question 11

8 / 8 pts

Level strategy can involve

Varying workforce level

Constant workforce level

Increased overtime

Both constant workforce level AND increased overtime

IncorrectQuestion 12

0 / 8 pts

Holt's model accounts for

Only level

Only trend

Both level and trend

Only seasonal

IncorrectQuestion 13

0 / 8 pts

Overstocking can result in

Liquidation

Backorders

Lost sales

All of these

IncorrectQuestion 14

0 / 8 pts

How can the decision maker optimally select values for alpha and beta in Holt's model?

SOLVER function

Try different values

Always select high values for both

Always select low values for both

IncorrectQuestion 15

0 / 8 pts

In an economic order quantity (EOQ) model

Demand is constant

Demand is variable

Lead time is variable

Stock-outs are allowed

Question 16

8 / 8 pts

in Holt's model represents

Smoothing constant for level

Smoothing constant for trend

Forecast error estimate

None of these

Question 17

8 / 8 pts

Which of following is a reason why companies hold cycle inventories?

Fixed costs associated with lots

Quantity discounts

Trade promotions

All of these

IncorrectQuestion 18

0 / 8 pts

In the Holt's model computations, the initial level and trend estimates are obtained through

Exponential smoothing

Moving average

Regression analysis

None of these

IncorrectQuestion 19

0 / 8 pts

In the Red Tomato Tools solution, which of the following is not true?

Use of level strategy

Use of inventory

Use of stock-outs

Use of overtime

IncorrectQuestion 20

0 / 8 pts

Chase strategy results in

High inventory costs

Higher overtime costs

High workforce level changes

All of these

IncorrectQuestion 21

0 / 8 pts

Demand from multiple products is aggregated by using

Capacity planning

A common conversion unit

Shop floor control

Bill of materials data

Question 22

8 / 8 pts

In the Red Tomato Tools solution, production is constant because the workforce level is constant.

True

False

Question 23

8 / 8 pts

In solving for the optimal order quantity in an EOQ model, which of the following is true?

Demand is not considered

Holding cost is not considered

Ordering cost is not considered

Purchase cost is not considered

Question 24

8 / 8 pts

Effective management of cycle inventories in supply chain results in

Reduced costs

Reduced lead time

Improved throughput

All of these

Question 25

8 / 8 pts

How would you represent a demand (D1) satisfaction constraint for Period 1 with beginning and ending inventories (I0, I1), production (P1), subcontract (C1), and stock-outs (S0, S1?)

I0 + P1 + C1 - I1 - D1 - S0 + S1 = 0

I0 - P1 + C1 + I1 - D1 - S0 + S1 = 0

I0 + P1 + C1 - I1 - D1 + S0 - S1 = 0

I0 + P1 - C1 - I1 - D1 + S0 + S1 = 0