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IDIS 343 FINAL EXAM QUESTIONS WITH COMPLETE ANSWERS

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IDIS 343 FINAL EXAM QUESTIONS WITH COMPLETE ANSWERS

Institution
IDIS 343
Course
IDIS 343

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What does the graph tell you when the Total cost curve slope reaches 0?


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The Optimal order point and minimum total cost




Variable cost break up components of cost per mile


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Fuel
Driver salary and benefits
Maintenance
Rental

,How can you reduce Safety Inventory?


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Reduce uncertainty and Reducing the supplier lead time




Annual Ordering cost


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Annual number of orders * cost per order

(D/Q)*S




Break even point calculation?


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Determine Q from one location to another and then plot them.




Key location strategy questions


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How many facilities, where they should be and how big they should be

, If the EOQ model is chosen, what is true?


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Annual ordering cost is = Annual Holding cost




Factors that affect location decisions


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General factors like globalization


Global Region or country decision

Sub Region or state decision

Community/Site decision




What does total annual cost consist of?


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Annual ordering costs, annual holding costs and annual purchasing costs
all added up




What is the differences in the two graphs with CSL% equal to zero?


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Institution
IDIS 343
Course
IDIS 343

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