Operations Management Ch 13

Which of the following is not one of the assumptions of the basic EOQ model?

Which of the following interactions with vendors would potentially lead to inventory reductions?

A non-linear cost related to order size is the cost of:

In a two-bin inventory system, the amount contained in the second bin is equal to the:

When carrying costs are stated as a percentage of unit price, the minimum points on the total cost curves

Dairy items, fresh fruit and newspapers are items that:

Which of the following is least likely to be included in order costs?

In an A-B-C system, the typical percentage of the number of items in inventory for A items is about:

In the A-B-C classification system, items which account for fifteen percent of the total dollar-volume for a majority of the inventory items would be classified as:

In the A-B-C classification system, items which account for sixty percent of the total dollar-volume for few inventory items would be classified as:

The purpose of "cycle counting" is to:

The EOQ model is most relevant for which one of the following?

Which is not a true assumption in the EOQ model?

In a supermarket, a vendor's restocking the shelves every Monday morning is an example of:

A cycle count program will usually require that 'A' items be counted:

A risk avoider would want ______ safety stock.

In the basic EOQ model, if annual demand doubles, the effect on the EOQ is:

In the basic EOQ model, if lead time increases from five to 10 days, the EOQ will:

Which of the following is not true for Economic Production Quantity model?

Given the same demand, setup/ordering costs, and carrying costs, the EOQ calculated using incremental replenishment will be ____________ if instantaneous replenishment was assumed

The introduction of quantity discounts will cause the optimum order quantity to be:

A fill rate is the percentage of _____ filled by stock on hand

In the quantity discount model, with carrying cost stated as a percentage of unit purchase price, in order for the EOQ of the lowest curve to be optimum, it must:

Which one of the following is not generally a determinant of the reorder point?

If no variations in demand or lead time exist, the ROP will equal:

Which one of the following is implied by a "lead time" service level of 95 percent?

Which one of the following is implied by an "annual" service level of 95 percent?

All of the following are possible reasons for using the fixed order interval model except:

Which of these products would be most apt to involve the use of a single-period model?

In a single-period model, if shortage and excess costs are equal, then the optimum service level is:

In a single-period model, if shortage cost is four times excess cost, then the optimum service level is ___ percent.

In the single-period model, if excess cost is double shortage cost, the approximate stockout risk, assuming an optimum service level, is ___ percent.

If, in a single-period inventory situation, the probabilities of demand being 1, 2, 3, or 4 units are .3, .3, .2, and .2, respectively. If two units are stocked, what is the probability of selling both of them?

The management of supply chain inventories focuses on:

An operations strategy for inventory management should work towards:

Cycle stock inventory is intended to deal with ________.

An operations strategy which recognizes high carrying costs and reduces ordering costs will result in:

The need for safety stocks can be reduced by an operations strategy which:

With an A-B-C system, an item that had a high demand but a low annual dollar volume would probably be classified as:

The fixed order interval model would be most likely to be used for this situation:

Which item would be least likely to be ordered under a fixed order interval system?

Which one of these would not be a factor in determining the reorder point?