OSC 5620 Exam 3 with all Correct & 100% Verified
Answers |Actual Complete Exam |Already Graded A+
A chained network with one long chain ✔Correct Answer-is more flexible than a dedicated
network and less costly than a fully flexible network.
A global supply chain with offshoring would tend to see which of these performance dimensions
increase? ✔Correct Answer-Minimum order quantity
One way to lower transportation costs of globally sourced production is to ✔Correct Answer-
redesign components for greater transport density.
Decision tree analysis is based on Bellman's principle, which states that for any choice of
strategy in a given state ✔Correct Answer-The optimal strategy in the next period is the one
that is selected if the entire analysis is assumed to begin in the next period.
A global supply chain with offshoring ✔Correct Answer-increases the length of the product
flow and increases the duration of the information flow.
Crossing international borders with offshored goods is most closely linked to a change in
✔Correct Answer-taxes and tariffs.
The opportunities from globalization are often accompanied by ✔Correct Answer-significant
additional risk.
What rate of return results in a present value of $23 for $25 received one year from now?
✔Correct Answer-8.7%
When supply disruptions occur, ✔Correct Answer-smaller chains outperform a network with
one long chain.
What is the discounted flow analysis? ✔Correct Answer-The process of evaluating the present
value of any stream of future cash flows so that management can compare two streams of cash
flows in terms of their financial value is
What is mix flexibility? ✔Correct Answer-The ability to produce a variety of products within a
short period of time
When evaluating the total cost of offshoring, the raw material costs ✔Correct Answer-could
increase or decrease depending on sourcing.
, For a global supply chain, exchange rates and inflation are ✔Correct Answer-likely to vary over
time in different locations.
a disadvantage of a chained network configuration? ✔Correct Answer-The effect of any
fluctuation ripples to all facilities in the chain.
The NPV (net present value) of a cash stream that is equal to $75 per period for 5 periods with a
rate of return of 15% per period would be ✔Correct Answer-$251.41
For pull processes, what must a manger forecast? ✔Correct Answer-a manager must forecast
what customer demand will be in order to plan the level of available capacity and inventory
Mature products with stable demand are usually the most difficult to forecast. ✔Correct
Answer-FALSE
Time series forecasting methods are the most difficult methods to implement. ✔Correct
Answer-FALSE
What comes from forecast demand? ✔Correct Answer-The basis for all strategic and planning
decisions in a supply chain
The result of each stage in the supply chain making its own separate forecast is ✔Correct
Answer-a mismatch between supply and demand.
Mature products with stable demand ✔Correct Answer-are usually easiest to forecast.
When is forecasting and the accompanying managerial decisions extremely hard to make?
✔Correct Answer-When either the supply of raw materials or the demand for the finished
product is highly variable
Forecasts are always wrong and therefore ✔Correct Answer-should include both the expected
value of the forecast and a measure of forecast error.
Long-term forecasts are usually less accurate than short-term forecasts because ✔Correct
Answer-long-term forecasts have a larger standard deviation of error relative to the mean than
short-term forecasts.
What are times series forecasting methods? ✔Correct Answer-Forecasting methods that use
historical demand to make a forecast
What are causal forecasting methods? ✔Correct Answer-Forecasting methods that assume
that the demand forecast is highly correlated with certain factors in the environment (e.g., the
state of the economy, interest rates, etc.) to make a forecast
Answers |Actual Complete Exam |Already Graded A+
A chained network with one long chain ✔Correct Answer-is more flexible than a dedicated
network and less costly than a fully flexible network.
A global supply chain with offshoring would tend to see which of these performance dimensions
increase? ✔Correct Answer-Minimum order quantity
One way to lower transportation costs of globally sourced production is to ✔Correct Answer-
redesign components for greater transport density.
Decision tree analysis is based on Bellman's principle, which states that for any choice of
strategy in a given state ✔Correct Answer-The optimal strategy in the next period is the one
that is selected if the entire analysis is assumed to begin in the next period.
A global supply chain with offshoring ✔Correct Answer-increases the length of the product
flow and increases the duration of the information flow.
Crossing international borders with offshored goods is most closely linked to a change in
✔Correct Answer-taxes and tariffs.
The opportunities from globalization are often accompanied by ✔Correct Answer-significant
additional risk.
What rate of return results in a present value of $23 for $25 received one year from now?
✔Correct Answer-8.7%
When supply disruptions occur, ✔Correct Answer-smaller chains outperform a network with
one long chain.
What is the discounted flow analysis? ✔Correct Answer-The process of evaluating the present
value of any stream of future cash flows so that management can compare two streams of cash
flows in terms of their financial value is
What is mix flexibility? ✔Correct Answer-The ability to produce a variety of products within a
short period of time
When evaluating the total cost of offshoring, the raw material costs ✔Correct Answer-could
increase or decrease depending on sourcing.
, For a global supply chain, exchange rates and inflation are ✔Correct Answer-likely to vary over
time in different locations.
a disadvantage of a chained network configuration? ✔Correct Answer-The effect of any
fluctuation ripples to all facilities in the chain.
The NPV (net present value) of a cash stream that is equal to $75 per period for 5 periods with a
rate of return of 15% per period would be ✔Correct Answer-$251.41
For pull processes, what must a manger forecast? ✔Correct Answer-a manager must forecast
what customer demand will be in order to plan the level of available capacity and inventory
Mature products with stable demand are usually the most difficult to forecast. ✔Correct
Answer-FALSE
Time series forecasting methods are the most difficult methods to implement. ✔Correct
Answer-FALSE
What comes from forecast demand? ✔Correct Answer-The basis for all strategic and planning
decisions in a supply chain
The result of each stage in the supply chain making its own separate forecast is ✔Correct
Answer-a mismatch between supply and demand.
Mature products with stable demand ✔Correct Answer-are usually easiest to forecast.
When is forecasting and the accompanying managerial decisions extremely hard to make?
✔Correct Answer-When either the supply of raw materials or the demand for the finished
product is highly variable
Forecasts are always wrong and therefore ✔Correct Answer-should include both the expected
value of the forecast and a measure of forecast error.
Long-term forecasts are usually less accurate than short-term forecasts because ✔Correct
Answer-long-term forecasts have a larger standard deviation of error relative to the mean than
short-term forecasts.
What are times series forecasting methods? ✔Correct Answer-Forecasting methods that use
historical demand to make a forecast
What are causal forecasting methods? ✔Correct Answer-Forecasting methods that assume
that the demand forecast is highly correlated with certain factors in the environment (e.g., the
state of the economy, interest rates, etc.) to make a forecast
