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1. Suppose that you have a deterministic demand pattern for the next 12 months in which the demand quantities vary from month to month. How would you determine whether it was worthwhile to use the methods for time-varying demand (Such as Silver-Meal, LUC or PPB heuristics) to determine order quantities or to use the basic EOQ model where demand is assumed to assumed to occur at a constant rate
2. Explain why planned backorders could further reduce total costs even in situations where demand and lead times are deterministic?
3. Explain the following strategies can help a firm further reduce its supply chain risk beyond simply holding additional safety stock of critical items
1. Postponement
2. A make - and-Buy Strategy
3. Robust optimization
Economically speaking, why would this situation be the case, despite what modern academics, politicians, journalists, and activists are saying today?
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A monopolist produces at constant marginal cost c = 1 It sells the product in the domestic market, where demand is Qd = 5 ? Pd, and some foreign markets with total demand Qf = 2 ? Pf Find the prices that will set in each market and the proportion of ..
A business traveler to Germany who, upon deplaning in Berlin, uses an airport ATM to withdraw 100 Euros from her U.S. bank would receive which kind of exchange rate?
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Need an exit strategy for a start up plumbing business that I own 51% with 7 additional investors.
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