Which of the following industries has one of the highest turnover rates, at around 100% per year?
A) food services
B) financial services
C) healthcare services
D) educational services
Answer: A
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Sensitivity analysis on the economic order quantity (EOQ) formula can help the operations manager answer several questions on how to manage inventories. Which one of the following questions is NOT answered by EOQ sensitivity analysis?
A) How critical are errors in estimating demand (D), inventory holding cost (H), and setup cost (S)? B) What should happen to lot sizes if interest rates drop? C) What should happen to cycle inventory if the demand rate increases? D) What should happen to lot sizes if supply and lead-time uncertainty increase?
Diskless devices have several advantages and are particularly useful when:
A) error reporting is crucial B) disks are not manufactured C) physical space is an issue D) security is essential