LSCM 3960 ch 4 Exam 100% solved
Which of the following is true regarding optimization models? - Answer- Optimization
models are based on precise mathematical procedures that are guaranteed to find the
"best" solution for the problem under evaluation.
The grid technique is used to determine a fixed facility location that represents the least-
cost center for moving incoming materials and outbound product within a geographic
grid. This least cost center is also referred to as - Answer- center of gravity
channel of distribution is controlled by the marketing department, which selects physical
structures and intermediaries through which the products flow. - Answer- False
(marketing)
In the long run, the firms network is ___________ while in the short run it is
___________. - Answer- Variable; fixed
This type of fulfillment model has the manufacturer delivering its products directly to the
retailers' stores. - Answer- none of the above. Choices where integrated, flow through,
outsourced, and store fulfillment
simulation models - Answer- allow the decision maker to test the effects of alternative
locations.
Which is an advantage of the grid technique for facility location? - Answer-
computationally, it is relatively easy to use
Corporate reengineering is often a reason for examining the firm's current
logistics/supply chain network. - Answer- True
In a commercial zone, the same transportation rate is applied from an origin to any point
in the zone. - Answer- True
Demand for transportation at the microeconomic level is ___ while the demand for
transportation at the macroeconomic level is ___? - Answer- Inelastic, elastic
Which of the following is true regarding optimization models? - Answer- Optimization
models are based on precise mathematical procedures that are guaranteed to find the
"best" solution for the problem under evaluation.
The grid technique is used to determine a fixed facility location that represents the least-
cost center for moving incoming materials and outbound product within a geographic
grid. This least cost center is also referred to as - Answer- center of gravity
channel of distribution is controlled by the marketing department, which selects physical
structures and intermediaries through which the products flow. - Answer- False
(marketing)
In the long run, the firms network is ___________ while in the short run it is
___________. - Answer- Variable; fixed
This type of fulfillment model has the manufacturer delivering its products directly to the
retailers' stores. - Answer- none of the above. Choices where integrated, flow through,
outsourced, and store fulfillment
simulation models - Answer- allow the decision maker to test the effects of alternative
locations.
Which is an advantage of the grid technique for facility location? - Answer-
computationally, it is relatively easy to use
Corporate reengineering is often a reason for examining the firm's current
logistics/supply chain network. - Answer- True
In a commercial zone, the same transportation rate is applied from an origin to any point
in the zone. - Answer- True
Demand for transportation at the microeconomic level is ___ while the demand for
transportation at the macroeconomic level is ___? - Answer- Inelastic, elastic
