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The bonded warehouse is where the organisations or the business store the products and goods and it is totally privately owned, the main benefit is that it can delay the payment of the customs duty.
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- QUESTION 1 Which of the following statements regarding foreast sharing game is INCORRECT? Retailer only faces underage risk. Supplier faces both underage and overage risks. Suppliers tend to produce less than the supply chain optimal quantity. The retailer has to purchase at least the quantity it reports to the supplier. QUESTION 2 Assume that the firm can source from 2 faraway suppliers (each has Lead time = 4 months, capacity=60 k) and 2 Closeby suppliers (each Lead time =0 month, capacity=40k). The sales season starts in May. Which of the following statements regarding sourcing is INCORRECT? The production change should be only applied to the Closeby supplier so that the firm can benefit from the change in time. The production at the Faraway supplier should start in January and the production at Close-by supplier should start in May. The firm should source from a combination of one faraway supplier and one close-by…QUESTION 2 A firm has the following revenue and cost functions. TR = 120 Q – Q² TC =;Q² +30 Q Q + 10 2. Determine the quantity level at which the firm maximizes its total profit. (Hint: use marginal revenue = marginal cost rule) L10 MarQUESTION 13 The return to any factor of production that is in variable demand variable supply fixed demand fixed supply is pure rent.
- Question: How do you use the Silver-Meal ordering policy to find the Total annual Cost for the damand and parameters listed below? Month Period Demand Jan. 1 110 Feb. 2 40 Mar. 3 150 Apr. 4 130 May 5 60 Jun. 6 30 Jul. 7 20 Aug. 8 30 Sep. 9 80 Oct. 10 120 Nov. 11 130 Dec. 12 100 Total 1000 Given cost parameter: Value Order cost $25 Unit cost $8 Holding cost rate (monthly) 5%QUESTION 12 A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision) and states of nature (size of crowd). What is the answer using the criterion of maximin? Alternatives Large Inventory Small Inventory Probability OA) -$2,000 O B) $0 OC) $51,667 OD) $220,000 O E) -$5,000 Large Crowd $220,000 $90,000 .20 PROFIT (S) Average Crowd $50,000 $70,000 1.50 Small Crowd -$2,000 -$5,000 30Question 4 The systems approach highlights the significance of the interdependence of logistics activities. Explain the relationship between the following logistics activities: • Transportation costs and facility location Inventory requirements and transportation mode Packaging requirements and transportation mode Choice of incoterms and transportation mode Inventory requirements and shipment tracking
- Question 7 The major stated advantage of maquiladoras is to lower costs of taxation. True FalseQUESTION 16 Products in an electronic store consist of the following: 20 TVs delivered on January 10th at a cost of $100 each and 30 TVs delivered on February 2nd at a cost of $110. They are the FIFO inventory method, what would the remaining value of inventory be if 15 TV's were sold on February 28th? the same model Using $3.650 O $3,800 O $5,300 O $3,710PLS HELP ASAP
- Question 3 Dr. Peter Kraljic claims that there is no single best way existed for managing purchasing in allcircumstances. He proposed “Kraljic Purchasing Portfolio model”. Elaburate the FOUR (4)Purchasing Portfolio with suitable examples answer should be elaborated with proper examples.Q 7. Explain the importance of multi-channel marketplace models.Question #4: Why Keep Inventory?