Discuss the importance of designing flexibility into the transportation network
What will be an ideal response?
Answer: Flexibility needs to be designed into the transportation network. When designing transportation networks, managers should take into account uncertainty in demand, as well as availability of transportation. Ignoring uncertainty encourages a greater use of inexpensive and inflexible transportation modes that perform well when everything goes as planned. Such networks, however, perform very poorly when plans change. When managers account for uncertainty, they are more likely to include flexible, though more expensive, modes of transportation within their network. Although these modes may be more expensive for a particular shipment, including them in the transportation options allows a firm to reduce the overall cost of providing a high level of responsiveness.
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In a short essay, discuss the characteristics of the survey method of obtaining information and list at least three advantages and three disadvantages of survey research
What will be an ideal response?
Improvements to real estate are never subject to depreciation
Indicate whether the statement is true or false
A part of ERP, ________, guides overall management of the inbound materials from suppliers to facilitate minimal production delays.
A. vertical marketing B. materials requirement planning C. virtual network D. distributed marketing E. just-in-time inventory control
Which illustrates the technique of substitution
A customer molder produces 6-ounce juice glasses and 10-ounce cocktail glasses. The per unit contribution for the juice glasses (x1) is equal to 60 - 5x1, and the per unit contribution for the cocktail glasses (x2) is 80 - 4 x2 for a total contribution of 60 x1 - 5x12 + 80x2 - 4x22. Demand requires that the production of juice glasses is twice the production of cocktail glasses (x1 = 2x2). Write the objective function for this problem