Test
Week 12: Short Term Decisions
Este test tiene tipos de pregunta que se abren en el reproductor de siempre.
Preguntas del test (15)
1Which of the following is not part of the causes of the bullwhip effect?
- APrice fluctuations
- BOrder batching
- CForecast Inaccuracies
- DInformation overload
2In the newsvendor model, if p is the selling price, and c is the cost of buying an item, which of the following is true?
- AThe underage cost is p minus c
- BThe underage cost is c minus p
- CThe overage cost is p minus c
- DThe overage cost is c minus p
3In the newsvendor model, if s is the salvage value for unsold items, and c is the cost of buying an item, which of the following is true?
- AThe underage cost is s minus c
- BThe underage cost is c minus s
- CThe overage cost is s minus c
- DThe overage cost is c minus s
4A merchandize buyer who intends to sell branded caps for an event to a group of students for $9.95 per cap purchases the same caps from a dealer for $8.40 per cap. After the event the caps retain a salvage value of $3.00 each. The buyer estimates demand to be normally distributed with a mean of 5000 caps and a standard deviation of 20. How many caps should the buyer order?
- A4800
- B4985
- C4850
- D5200
5According to the video, a prediction of future events used for planning purposes is?
- ADemand
- BForecasting
- CPlanning
- DTrending
6Forecasts are almost always wrong
- AVerdadero
- BFalso
7Statement 1: Forecasts are more accurate for longer periods than for shorter periods
Statement 2: Forecasts can be excellent substitutes for actual demand
Statement 3: Demand can show random variation over time- AOnly statement 2 and 3 are correct
- BNone of the statement is correct
- COnly statement 3 is correct
- DOnly statement 1 is correct
- EOnly statement 2 is correct
8Qualitative forecasting rely on data and analytical techniques
- AVerdadero
- BFalso
9Statistical techniques such as linear regression are a type of which forecasting method?
- AQualitative
- BQuantitative
- CDominant
- DRandom
10Quantitative methods are more suited for short term forecasting, while qualitative methods are suited for long term.
- AVerdadero
- BFalso
11For a particular product, demand for weeks 1-5 is 650, 680, 690, 710, 720, using a 4-period simple moving average to forecast demand for week 6 gives an estimate of?
- A690
- B700
- C710
- D720
12According to the video, sometimes we use trial and error to determine the weights for a weighted moving average forecast?
- AVerdadero
- BFalso
13Which of the following is not true for weighted moving average forecasting?
- AThe weights must always add up to 1
- BThe weights could all be equal
- CThis forecasting technique can be used to give importance to more recent data
- DThe weights do not have to add up to 1
14For exponential smoothing, if the alpha value is low, there is a lot of reaction to differences
- AVerdadero
- BFalso
15[blank_start]Tracking signal[blank_end] is a measure of how often the forecast is above or below actual demand
- ATracking signal
- BMean Forecast Error
- CMean Absolute Error
- DBias
Información
- Descripción
- Test sobre Week 12: Short Term Decisions, creado por Ade Sauer el 26/11/2020.
- Autor
- Ade Sauer
- Idioma
- English
- Visitas
- 227
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