Reference no: EM132266389
1. A continuous review policy dictates that
Q units are ordered when the inventory drops to ROP.
Q + σD units are ordered at time T.
Q + σD units are ordered when the inventory drops to ROP.
Q + σD units are ordered at time T + L.
2. Allocating existing supply based on past retailer sales rather than current retailer orders is known as
yearn and kern.
spurn and fern.
turn and earn.
churn and burn.
3. A chained network with one long chain
is less flexible than a dedicated network and less costly than a fully flexible network.
is less flexible than a dedicated network but more costly than a fully flexible network.
is more flexible than a dedicated network and less costly than a fully flexible network.
is more flexible than a dedicated network and more costly than a fully flexible network.
4. A retailer places an order for the new Bagpipe 2018™ from the supplier and takes note of the demand pattern. They use this knowledge of the demand to place a second order of Bagpipe 2018 from the supplier. This results in
a lower profit than when they could order only once during bagpipe season.
a larger total order placed than when they could order only once per bagpipe season.
the same product availability at a lower level of inventory than when they could order only once per bagpipe season.
a slightly larger average overstock to be disposed of at the end of bagpipe season than when they could order only once.
5. Allocating existing supply based on past retailer sales rather than current retailer orders is known as
yearn and kern.
spurn and fern.
turn and earn.
churn and burn.