OPSY 5315 EXAM 3 ACTUAL 2025 TEST | 100% VERIFIED QUESTIONS & CORRECT ANSWERS | GRADED A+ | REAL EXAM VERSION

OPSY 5315 EXAM 3 ACTUAL 2025 TEST | 100% VERIFIED QUESTIONS & CORRECT ANSWERS | GRADED A+ | REAL EXAM VERSION Which of the following is not a valid LP constraint formulation? a. 3X + 4Y less than/equal to 12 b. 2X x 2Y less than/equal 12 c. 3Y + 2Z = 18 d. 100 Greater than/equal to X + Y e. 2.5X + 1.5Z = 30.6 2X x 2Y less than/equal 12 When applying LP to diet problems, the objective function is usually designed to: a. Maximize profits from blends of nutrients. b. Maximize ingredient blends. c. Minimize production losses d. Maximize the number of products to be produced. e. Minimize the costs of nutrient blends. minimize the costs of nutrient blends. Five techniques for building and evaluating supply chain performance are (1) evaluating disaster risk, (2) managing the bullwhip effect, (3) supplier selectionanalysis, (4) transportation mode analysis, (5) warehouse storage. Which of the following is a technique that aims at building and evaluating supply chain performance? A. establishing a bullwhip effect B. evaluating disaster risk C. balanced scorecard D. outsourcing supplier selection evaluating disaster risk Which of the following remedies may reduce the bullwhip effect? A. allocate orders based on demand forecasts B. encourage order batching to reduce order frequency C. share demand information throughout the supply chain D. offer periodic sales to stabilize demand share demand information throughout the supply chain A zero-shadow price for a resource ordinarily means that: a. the resource is scarce b. the resource constraint was redundant c. the resource has not been used up d. something is wrong with the problem formulation e. none of the above. the resource has not been used up Which of the following is TRUE regarding the bullwhip effect measure? A. A smoothing or dampening scenario exists as orders move up the supply chain towards suppliers if the bullwhip measure is greater than one. B. Variance amplification is present if the bullwhip measure is greater than zero. C. Variance amplification is present if the bullwhip measure is greater than one. D. No amplification is present if the bullwhip measure is equal to zero. Variance amplification is present if the bullwhip measure is greater than one. What is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor? A. virtual companies B. vertical integration C. horizontal integration D. outsourcing vertical integration Which of the following tactics may reduce risks in supplier delivery, logistics, and distribution? A. secure IT systems B. cross-country diversification C. effective contracts with penalties D. outsourcing supplier selection effective contracts with penalties Which of the following mitigation tactics could reduce economic risk? A. franchising and licensing B. subcontractors on retainer C. multiple transportation modes and warehouses D. purchasing contracts that address price fluctuations purchasing contracts that address price fluctuations multiple transportation modes and warehouses reduce the rate of logistic demand or damage Which of the following mitigation tactics is NOT designed to reduce the risk of information loss or distortion? A. redundant databases B. training of supply chain partners on the proper interpretations and use of information C. alternate sourcing D. secure IT systems alternate sourcing As orders are relayed from retailers, to distributors, to wholesalers, tomanufacturers, the fluctuations in order quantities increase at each step in the sequence. What is this called? A. bullwhip effect B. local optimization C. quantity discounts D. demand bias bullwhip effect What is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship? A. advanced shipping notice B. postponement C. blanket order D. drop shipping blanket order A lawnmower assembly plant uses a variety of nuts, bolts, screws, and other fasteners in its operation. Its supplier delivers these items directly to the point of use on the assembly line and ensures that there are always sufficient quantities of fasteners to maintain the production schedule. This is an example of A. postponement. B. single stage control of replenishment. C. e-procurement. D. vendor-managed inventory. vendor-managed inventory. describes increasing fluctuations as orders move up the supply chain. The bullwhip effect The do-it-yourselfer plucked a gallon can of base paint from the shelf of the local hardware store and handed it to Keith, the cheerful clerk at the paint counter. Their eyes met briefly and the do-it-yourselfer silently handed over sample 150C-1, Musical Mist, to the clerk. It was impractical to keep several gallons of every possible color on the shelves at the hardware store, so the paint manufacturer had created clever workaround. The workaround was acomputer-based system that added predetermined quantities of pigments to a gallon can of base paint depending on the desired shade, in this case, Musical Mist. The hardware store now needed to stock only the base paint, this machine, and a small supply of paint pigments in order to create the thousands of colors in its catalog. This scenario is a prime example of A. postponement. B. drop shipping. C. the bullwhip effect. D. vendor-managed inventory. postponement. The first stage of supplier selection involves finding potential suppliers and determining the likelihood of their becoming good suppliers. What is this stage called? A. supplier evaluation B. negotiation C. supplier development D. contracting supplier evaluation Which negotiation strategy bases price on a published, auction, or indexprice? A. supply-based price model B. market-based price model C. competitive bidding D. cost-based price model market-based price model With regard to the cost-based price model negotiation strategy, which of the following is true? A. Prices are based in some way upon market standards agreed to by both supplier and purchaser. B. Prices float based on what the customer is willing to pay. C. Potential suppliers each submit quotations as to price, delivery, and so on. D. Prices are based upon supplier costs. Prices are based upon supplier costs.