Which type of model facilitates the study of system behavior under the most realistic business conditions?
A. conceptual
B. mathematical
C. narrative
D. physical
E. simulation
Which type of model is used to predict and optimize the performance of a supply chain?
A. conceptual
B. mathematical
C. narrative
D. physical
E. simulation
Which of the following types of relations do most humans naturally assume that systems are?
A. single-valued
B. multi-valued
C. continuous
D. monotonic
E. linear
Assuming no quantity discounts, what is true about the relationship between annual holding costs and annual ordering costs at the minimal total cost?
A. annual holding costs is less than annual ordering costs
B. annual holding costs is greater than annual ordering costs
C. annual holding costs equals annual ordering costs
D. cannot tell the relationship between the annual holding costs and annual ordering costs
All of the following are modules of a transportation management system EXCEPT:
A. carrier management
B. delivery scheduling
C. shipment tracking
D. vehicle routing
E. yard management
All of the following are modules of a transportation management system EXCEPT:
A. carrier management
B. materials handling
C. transportation network design
D. transportation planning
E. vehicle maintenance
What is the unintended effect of customers requiring complete shipments?
A. Customers requiring complete shipments have no impact on the supply chain.
B. Customers tend to purchase in smaller quantities to ensure shipments are complete.
C. Suppliers have to maintain much higher inventory levels.
D. Suppliers will not have as much inventory since orders are shipped complete.
What is the impact on annual holding costs of decreasing the order quantity?
A. annual holding costs decrease
B. annual holding costs increase
C. annual holding costs remains constant
D. cannot tell impact on annual holding cost
What is the impact on annual holding costs of increasing the order quantity?
A. annual holding costs decrease
B. annual holding costs increase
C. annual holding costs remains constant
D. cannot tell impact on annual holding cost
What is the inventory needed to support normal operations called?
A. cycle stock
B. maintenance, repair, and operating supplies
C. safety stock
D. buffer stock
E. pipeline stock
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