Answered: True or False 1. More than 90% of the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

True or False

1. More than 90% of the total value of freight moved annually in the United States is moved by
truck.

2. Suppose you are considering two different modes for freight transportation service on a given
lane between your distribution center and one of your key customer facilities. If mode 1
requires 6 days of transit time, and mode 2 requires 9 days of transit time, then using mode
2 creates 50% more pipeline inventory cost than mode 1.

3. In class, we developed inventory models for jointly determining shipment sizes from one
facility to two customer facilities, and we included the cost of holding inventory at the origin
facility (with parameters s′ and r′v′). If we did not include these inventory costs, then we
would send larger shipment sizes q1∗ and q2∗ to each customer.

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