The basic trade-off to consider during overbooking is between
A) having wasted capacity (or inventory) or a shortage of capacity (or inventory).
B) having lost sales or a shortage of capacity (or inventory).
C) having wasted capacity (or inventory) or excess capacity (or inventory).
D) having high sales or a shortage of capacity (or inventory).
Answer: A
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The right of subrogation
A. May permit the surety to assert rights he otherwise could not assert. B. Is denied in bankruptcy. C. Arises only to the extent that it is provided in the surety agreement. D. Cannot be asserted by a cosurety unless he includes all other cosureties.
When all the different stages of a supply chain work toward the objective of maximizing total supply chain profitability, rather than each stage devoting itself to its own profitability without considering total supply chain profit, it is known as
A) supply chain coordination. B) forecasting. C) aggregate planning. D) revenue management.