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MGSC 395 Final Exam | UPDATED Questions with 100% Verified Answers

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Course MGSC 395
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MGSC 395 Final Exam | UPDATED Questions with 100% Verified Answers

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MGSC 395 Final Exam | UPDATED Questions with 100% Verified
Answers

Question:
Cycle Stock

Answer:
Average Cycle Inventory = Q/2


Question:
Q

Answer:
Lot Size


Question:
Safety Stock

Answer:
Just-in-case Inventory


Question:
Anticipation Inventory

Answer:
Prepping for anticipated spokes in demand


Question:
Pipeline Inventory

Answer:
Goods in Transit


Question:
ROP

Answer:
Average demand during lead time + safety stock

, Question:
Class A

Answer:
20% items, 80% value


Question:
Class B

Answer:
30% items, 15% value


Question:
Class C

Answer:
50% items, 5% value


Question:
EOQ (aka optimal order quantity)

Answer:
Lot size that minimizes the total annual-cycle inventory holding costs and ordering costs


Question:
D

Answer:
Demand


Question:
S

Answer:
Setup/Order costs


Question:
H

Answer:

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