ISDS 3115 Final Pt. 1 Chapters 8, 9, 11, 12, 14, 16 Comprehensive Questions with Correct Answers Update (2024) Accuracy 100%

ISDS 3115 Final Pt. 1 Chapters 8, 9, 11, 12, 14, 16 Comprehensive Questions with Correct Answers Update (2024) Accuracy 100% __________________ is the technique where a manufacturer sends individual components (rather than assembled units) to a distributor. - Answer Channel assembly A company wishes to determine the EOQ for an item that has an annual demand of 2,000 units, a cost per order of $75, and annual carrying cost of 7.50 per unit. What is the EOQ? - Answer The EOQ is 200 D = Annual Demand (in this case 2,000 units) S = Fixed cost per order (in this case $75) H = Holding or Carrying cost (7.50 per unit) Step 1: Calculate 2*D (Annual Demand)*S(Cost per Order) 2*2,000*75 = 300,000 Step 2: Divide 2*D (Annual Demand)*S(Cost per Order)/H 300,000/7.50 = 40,000 Step 3: Take square root of 40,000 Square root of 40,000 = 200 A disadvantage of the "few suppliers" strategy is __________. - Answer the high cost of changing partners A disadvantage of the fixed-period inventory syst