HW1_Solution

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University of Texas, Dallas *

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Economics

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Feb 20, 2024

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Homework Assignment 1 1. For each of the following supply chain decisions, please identify an example where a supply chain has focused on this decision to deal with uncertainty. In each case, please briefly explain reason(s) why you think it is or is not an appropriate choice. (40 points) a. Capacity b. Inventory c. Information d. Price Graded based on each individual response. 2. Two main supply chains strategic goals are cost efficiency and responsiveness. Provide an example of a supply chain for each strategic goal. For each example, explain how the firm is moving towards achieving its strategic goal. (30 points) Graded based on each individual response. Please specify the correct statements: (10 points each) 3. The objective of every supply chain is to a. minimize the overall cost generated. b. maximize the net value generated. c. minimize the cost to the manufacturer. d. maximize the profit of the manufacturer. 4. Supply chain responsiveness includes the ability to do which of the following? a. Report financial results with a high degree of accuracy b. Meet a very high service level or a shorter lead-time c. Ship product in larger quantities than your competitors d. Substitute similar products to fill orders when the desired products are unavailable 5. Zara sources basic products such as white t-shirts from low-cost countries because demand is predictable. For trendy products for which demand is unpredictable, Zara sources from company-owned higher cost factories in Europe. For the predictable demand, Zara aims for ________ and for the unpredictable demand, Zara aims to achieve ________. a. social responsibility, quality b. flexibility, social responsibility c. efficiency, flexibility d. quality, efficiency

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