Operations management game

Salvage value is applied to units during which period?

After the selling season

True or false: The newsvendor model is appropriate for a setting where a customer will wait for the next shipment to show up, in cases where a store runs out of inventory.

False

What indicates the average number of hours a flow unit spends, on average, in a process?

Hours-of-supply

Inventory management is the practice of deciding on the quantity, _______ , and type of inventory in a process.

Location/place

What term describes the capability to move inventory quickly, safely, and cost-effectively?

Product transportation and handling assets

Which of these equations are true? Sales + Inventory = Q Expected Sales = Q - Expected inventory Expected Sales + Expected inventory = Q Expected Sales = Q + Expected inventory - Salvage

Sales + Inventory = Q Expected Sales = Q - Expected inventory Expected Sales + Expected inventory = Q

What is an order-up-to model?

an inventory management strategy used to determine the optimal level of inventory to order at any given time.

To reduce the average inventory level, the order quantity must _blank​_.

decrease

As the order cost increases, the economic order quantity _blank​_.

increases

In the saw-toothed inventory pattern, inventory _blank​_ by the quantity, Q.

increases