SC MGMT 5370 FINAL QUESTIONS & ANSWERS
The fundamental trade-offs available to an aggregate planner are between
A. capability, inventory, and sales costs.
B. capacity, inventory, and backlog costs.
C. capability, inventory, and backlog costs.
D. capacity, inventory, and sales costs. - Answers -B. capacity, inventory, and backlog
costs.
The strategy where a stable machine capacity and workforce are maintained with a
constant output rate, with inventory levels fluctuating over time, is the
A. chase strategy.
B. level strategy.
C. mixed strategy.
D. adjustable strategy. - Answers -B. Level strategy
Long-term forecasts are usually less accurate than short-term forecasts because
A. short-term forecasts have more standard deviation of error relative to the mean than
long-term forecasts.
B. long-term forecasts have a smaller standard deviation of error relative to the mean
than short-term forecasts.
C. short-term forecasts have a larger standard deviation of error relative to the mean
than long-term forecasts.
D. long-term forecasts have a larger standard deviation of error relative to the mean
than short-term forecasts. - Answers -D. long-term forecasts have a larger standard
deviation of error relative to the mean than short-term forecasts
When either the supply of raw materials or the demand for the finished product is highly
variable, forecasting and the accompanying managerial decisions
A. should not be attempted.
B. are relatively straightforward.
C. are extremely difficult.
D. are extremely simple. - Answers -C. are extremely difficult.
Forecasting methods that imitate the consumer choices that give rise to demand to
arrive at a forecast are known as
A. causal forecasting methods.
B. qualitative forecasting methods.
C. simulation forecasting methods.
D. time series forecasting methods. - Answers -C. simulation forecasting methods.
, ________ forecasting methods use historical demand to make a forecast.
A. Qualitative
B. Time-series
C. Causal
D. Simulation - Answers -B. Time-Series
Aggregate planning solves problems involving
A. aggregate decisions and stock keeping unit (SKU) level decisions.
B. stock keeping unit (SKU) level decisions rather than aggregate decisions.
C. aggregate decisions rather than stock keeping unit (SKU) level decisions.
Daggregate decisions or stock keeping unit (SKU) level decisions. - Answers -C.
aggregate decisions rather than stock keeping unit (SKU) level decisions.
Situations where incentives offered to different stages or participants in a supply chain
lead to actions that increase variability and reduce total supply chain profits are referred
to as
A. operational obstacles.
B. behavioral obstacles.
C. incentive obstacles.
D. information processing obstacles. - Answers -C. incentive obstacles.
Geoff receives course transfer requests on a continual basis from student advisors
throughout the week. His policy has always been to sign the accumulated course
transfer requests on Friday afternoons. Once he signs them, they are forwarded to his
assistant and then on to the student advisor for that student's major. The Friday
afternoon procedure is creating a(n):
A. information processing obstacles.
B. pricing obstacles.
C. incentive obstacles.
D. operational obstacles. - Answers -D. operational obstacles.
The situation in which fluctuations in orders increase as they move up the supply chain
from retailers to wholesalers to manufacturers to suppliers is known as
A. the whiplash effect.
B. the butterfly effect.
C. market fluctuations.
D. the bullwhip effect. - Answers -D. the bullwhip effect.
In a CPFR system, a gap between forecasts made by two sides is termed a(n)
A. discrepancy.
The fundamental trade-offs available to an aggregate planner are between
A. capability, inventory, and sales costs.
B. capacity, inventory, and backlog costs.
C. capability, inventory, and backlog costs.
D. capacity, inventory, and sales costs. - Answers -B. capacity, inventory, and backlog
costs.
The strategy where a stable machine capacity and workforce are maintained with a
constant output rate, with inventory levels fluctuating over time, is the
A. chase strategy.
B. level strategy.
C. mixed strategy.
D. adjustable strategy. - Answers -B. Level strategy
Long-term forecasts are usually less accurate than short-term forecasts because
A. short-term forecasts have more standard deviation of error relative to the mean than
long-term forecasts.
B. long-term forecasts have a smaller standard deviation of error relative to the mean
than short-term forecasts.
C. short-term forecasts have a larger standard deviation of error relative to the mean
than long-term forecasts.
D. long-term forecasts have a larger standard deviation of error relative to the mean
than short-term forecasts. - Answers -D. long-term forecasts have a larger standard
deviation of error relative to the mean than short-term forecasts
When either the supply of raw materials or the demand for the finished product is highly
variable, forecasting and the accompanying managerial decisions
A. should not be attempted.
B. are relatively straightforward.
C. are extremely difficult.
D. are extremely simple. - Answers -C. are extremely difficult.
Forecasting methods that imitate the consumer choices that give rise to demand to
arrive at a forecast are known as
A. causal forecasting methods.
B. qualitative forecasting methods.
C. simulation forecasting methods.
D. time series forecasting methods. - Answers -C. simulation forecasting methods.
, ________ forecasting methods use historical demand to make a forecast.
A. Qualitative
B. Time-series
C. Causal
D. Simulation - Answers -B. Time-Series
Aggregate planning solves problems involving
A. aggregate decisions and stock keeping unit (SKU) level decisions.
B. stock keeping unit (SKU) level decisions rather than aggregate decisions.
C. aggregate decisions rather than stock keeping unit (SKU) level decisions.
Daggregate decisions or stock keeping unit (SKU) level decisions. - Answers -C.
aggregate decisions rather than stock keeping unit (SKU) level decisions.
Situations where incentives offered to different stages or participants in a supply chain
lead to actions that increase variability and reduce total supply chain profits are referred
to as
A. operational obstacles.
B. behavioral obstacles.
C. incentive obstacles.
D. information processing obstacles. - Answers -C. incentive obstacles.
Geoff receives course transfer requests on a continual basis from student advisors
throughout the week. His policy has always been to sign the accumulated course
transfer requests on Friday afternoons. Once he signs them, they are forwarded to his
assistant and then on to the student advisor for that student's major. The Friday
afternoon procedure is creating a(n):
A. information processing obstacles.
B. pricing obstacles.
C. incentive obstacles.
D. operational obstacles. - Answers -D. operational obstacles.
The situation in which fluctuations in orders increase as they move up the supply chain
from retailers to wholesalers to manufacturers to suppliers is known as
A. the whiplash effect.
B. the butterfly effect.
C. market fluctuations.
D. the bullwhip effect. - Answers -D. the bullwhip effect.
In a CPFR system, a gap between forecasts made by two sides is termed a(n)
A. discrepancy.
